Why does Saudi Arabia find current oil prices too high?

CLEAN: Saudis to host oil crisis talks

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Business, Social Studies
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9th - 10th Grade
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Because they want to reduce oil production.
Because it impacts their long-term interests as producers.
Because they have no proven oil reserves.
Because it affects their short-term profits.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Saudi Arabia's interest regarding consumer countries?
To ensure they consume as much oil as possible for as long as possible.
To reduce oil consumption as soon as possible.
To switch to alternative energy sources.
To stop oil consumption immediately.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Can the global oil market balance rely solely on Saudi Arabia?
Yes, because they have the largest oil reserves.
No, because other producers also need to take action.
Yes, because they control the global oil market.
No, because they are not interested in the global market.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is uncertain about other oil producers?
Whether they are interested in renewable energy.
Whether they want to increase oil prices.
Whether they have any oil reserves.
Whether they can or will follow Saudi Arabia's actions.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should consumer countries do to help balance the global oil market?
Better manage their oil and energy consumption.
Stop using oil completely.
Increase their oil consumption.
Rely solely on Saudi Arabia for oil.
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