CLEAN : Oil surproduction not the only reason for low prices Minister

The video discusses various factors influencing economies beyond supply and demand, such as geopolitical elements and historical contexts like OPEC. It highlights the growth of nations like China and examines current economic pricing, suggesting a fair market value around 70-75.

Which of the following is NOT mentioned as a factor influencing the economy in the first section?

• Technological advancements

• Growth of nations like China

• Geopolitics

• Supply and demand

What historical aspect is discussed in relation to oil production?

• The development of electric vehicles

• The impact of digital currencies

• The history of OPEC

• The rise of renewable energy

How were oil prices described in the past compared to now?

• More volatile

• More stable

• Higher

• Unpredictable

What is suggested as the fair market price for oil in the current year?

• 50-55

• 60-65

• 70-75

• 80-85

Which term is used to describe the ideal price for oil?

• Market price

• Inflated price

• Speculative price

• Discounted price