Oil Market `Less Concerned' With Iran Actions, Says U.S. Deputy Energy Secretary
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Business, Social Studies, Life Skills
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University
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the US government's initial reaction to the tanker attacks near the Strait of Hormuz?
They decided to wait for more evidence.
They immediately blamed Iran.
They imposed sanctions on Kuwait.
They increased oil production.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the oil market initially react to the geopolitical tensions?
The price of crude oil dropped significantly.
There was no change in the oil market.
The oil market collapsed.
The price of crude oil increased by roughly 4%.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected US oil production by 2020 according to the EIA?
13 million barrels per day
12 million barrels per day
11 million barrels per day
10 million barrels per day
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the current global position regarding oil production in light of potential disruptions?
Oil production is at an all-time low.
The world is heavily reliant on Iranian oil.
There is enough global production to replace potential losses.
The market is unstable and unpredictable.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What decision are major oil producers like Saudi Arabia and Russia expected to make in their upcoming meeting?
To decrease oil production drastically
To maintain current production levels
To stop oil production entirely
To increase oil production significantly
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