What Oil Sanctions on Venezuela Might Look Like
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Business, Architecture
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University
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Hard
Wayground Content
FREE Resource
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the daily amount of US light oil exports to Venezuela that could be sanctioned?
50,000 barrels
75,000 barrels
100,000 barrels
150,000 barrels
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might the sanction on US light oil exports to Venezuela have little impact?
Venezuela has its own light oil reserves
The US will continue to export other products
There is a surplus of light sweet crude on the market
Venezuela does not need light oil for blending
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much Venezuelan crude oil is exported to the US daily?
400,000 barrels
600,000 barrels
1,000,000 barrels
800,000 barrels
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one potential consequence for Venezuela if the US bans its crude oil imports?
Decrease in global oil prices
Venezuela defaults on loans
Venezuela becomes a net oil importer
Increase in Venezuelan oil production
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What could be the impact on US gasoline prices if Venezuelan crude oil imports are banned?
Prices could remain stable
Prices could increase by $0.50 a gallon
Prices could increase by $0.10 a gallon
Prices could decrease by $0.10 a gallon
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