What is the main reason given for why oil prices above $60 are not sustainable in the short term?
The Long- and Short-Term Outlook for Oil

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Technological advancements in oil extraction
High production levels from OPEC and Russia
Increased demand from emerging markets
Government subsidies for renewable energy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What challenge do national budgets face with oil prices between $45 and $60 per barrel?
Constrained financial resources
Increased inflation rates
Surplus in oil reserves
Decreased foreign investments
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant concern for countries trying to maintain their market share in the oil industry?
Lack of skilled labor in the industry
Pressure to reduce production quotas
Competition from renewable energy sources
Rising costs of oil extraction
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Despite diversification efforts, why is oil and gas still crucial for the UAE's economy in the long term?
They have the highest profit margins
They are a major part of the economy
They are the only source of energy
They are the most sustainable energy sources
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected impact of reduced investment in the oil industry over the long term?
Increased oil prices due to supply squeeze
Decreased global oil demand
Rapid technological advancements
Stability in oil prices
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