CLEAN : White House calls on oil refiners to bring up capacity to lower gas prices

CLEAN : White House calls on oil refiners to bring up capacity to lower gas prices

Assessment

Interactive Video

Business, Architecture, Engineering

10th Grade - University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the challenges in approving funding and the frustration expressed by Romney regarding the lack of guarantees from companies to pass on benefits. It highlights the need for oil companies to increase refining capacity to lower gas prices. The video also examines the significant increase in oil refiners' margins and the substantial profits made by major oil companies in the first quarter of the year.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main concern expressed by Romney in the discussion?

The environmental impact of oil refining.

The high cost of refining oil.

The absence of guarantees from companies to pass on benefits.

The lack of crude oil availability.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is there a need for companies to increase their refining capacity?

To meet international demand.

To reduce gas prices.

To improve environmental standards.

To compete with renewable energy sources.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has happened to oil refiners' margins since the beginning of the year?

They have tripled.

They have decreased.

They have doubled.

They have remained stable.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much profit did the biggest oil companies make in the first quarter of the year?

$20 billion

$10 billion

$50 billion

$35 billion

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Compared to the first quarter of last year, how much more did the biggest oil companies make this year?

Four times as much

Five times as much

Three times as much

Twice as much