What is the average cost of oil production in Venezuela?
Can Venezuela Survive on $50 Oil?

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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
$50 per barrel
$70 per barrel
$30 per barrel
$12 per barrel
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main challenges faced by Venezuela in maintaining oil production?
Lack of oil reserves
Service companies reducing exposure
High transportation costs
Environmental regulations
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is Venezuela planning to sustain oil production despite financial challenges?
By increasing oil prices
By hiring more local workers
By changing contract schemes with service companies
By reducing oil exports
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What financial strategy is Venezuela using to manage its debt obligations?
Reducing government spending
Increasing oil production
Reopening refineries in Aruba
Selling refineries in the United States
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role do the refineries in the United States play for Venezuela?
They are being closed down
They are being sold to pay off debt
They support Venezuela financially
They are used for local oil production
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