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Of all the times for the U.S. to be discouraging domestic

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Of all the times for the U.S. to be discouraging domestic [#permalink] New post 12 Jan 2013, 02:14
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Of all the times for the U.S. to be discouraging domestic production of oil and natural gas, right now might be the worst. Libya's descent into chaos is fueling a rapid rise in oil prices, and unrest in other oil-producing countries in the Middle East and North Africa has led some analysts to predict unprecedented oil-price spikes may be looming.
If the statements above are true, which of the following inference can be most properly drawn?
A) The oil prices at present are the highest of what they might have been in the last few decades.
B) Libya is a major oil producing country.
C) If US allows oil domestic oil production, it may be able to avoid any further price increase.
D) Discouraging oil production now is likely to lead to a further increase in oil price in US.
E) Unrest in oil producing countries in Middle East has impacted overall oil production.

OA to come later once thread comes with explanations..
[Reveal] Spoiler: OA

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Last edited by joshnsit on 17 Jan 2013, 15:21, edited 2 times in total.
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Re: Oil-y CR problem [#permalink] New post 12 Jan 2013, 02:57
Of all the times for the U.S. to be discouraging domestic production of oil and natural gas, right now might be the worst.

D) Discouraging oil production now is likely to lead to a further increase in oil price in US.

Last edited by wannahh on 13 Jan 2013, 11:52, edited 1 time in total.
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Re: Oil-y CR problem [#permalink] New post 12 Jan 2013, 03:01
joshnsit wrote:
Of all the times for the U.S. to be discouraging domestic production of oil and natural gas, right now might be the worst. Libya's descent into chaos is fueling a rapid rise in oil prices, and unrest in other oil-producing countries in the Middle East and North Africa has led some analysits to predict unprecedented oil-price spikes may be looming.
If the statements above are true, which of the following inference can be most properly drawn?
A) The oil prices at present are the highest of what they might have been in the last few decades.
B) Libya is a major oil producing country.
C) If US allows oil domestic oil production, it may be able to avoid any further price increase.
D) Discouraging oil production now is likely to lead to a further increase in oil price in US.
E) Unrest in oil producing countries in Middle East has impacted overall oil production.

OA to come later once thread comes with explanations..


I'd go with B

The fact that Libya's descent into chaos is fueling a rapid rise in oil prices makes it a major oil producing country.

A. Irrelevant
C. That is an assumption. The passage did not say for sure that domestic production in the US would make it avoid further oil price. What if demand rises faster than production?
D. Same argument as C
E. This is a wide assumption that unrest in middle east impacted overall production. Production also occurs in Africa and the US.
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Re: Oil-y CR problem [#permalink] New post 12 Jan 2013, 04:17
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Re: Oil-y CR problem [#permalink] New post 13 Jan 2013, 09:30
Quote:
Of all the times for the U.S. to be discouraging domestic production of oil and natural gas, right now might be the worst. Libya's descent into chaos is fueling a rapid rise in oil prices, and unrest in other oil-producing countries in the Middle East and North Africa has led some analysits to predict unprecedented oil-price spikes may be looming.
If the statements above are true, which of the following inference can be most properly drawn?

A) The oil prices at present are the highest of what they might have been in the last few decades.
Wrong The section says nothing whether the prices have been that high in the past or not. Only that there was an increase in the oilprice.

B) Libya is a major oil producing country.
Correct? The section says:
Quote:
Libya's descent into chaos is fueling a rapid rise in oil prices, and unrest in other oil-producing countries
The word "other" would not make sense if Lybia would not be a oil producing country. But we cannot interfer that Lybia is a major supplier.

C) If US allows oil domestic oil production, it may be able to avoid any further price increase.
Wrong The section says nothing about the implications of the US oil production on the oilprice.

D) Discouraging oil production now is likely to lead to a further increase in oil price in US.
Wrong The section says nothing about the implications of the US oil production on the oilprice.

E) Unrest in oil producing countries in Middle East has impacted overall oil production.
Wrong This answer claims, that unrest has impacted the overall oil production. But the section tells us just about the impacts of the unrests in Lybia on the oil price and the expected impact of other unrests on the future oilprice
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Re: Oil-y CR problem [#permalink] New post 13 Jan 2013, 10:35
knightofdelta wrote:
joshnsit wrote:
Of all the times for the U.S. to be discouraging domestic production of oil and natural gas, right now might be the worst. Libya's descent into chaos is fueling a rapid rise in oil prices, and unrest in other oil-producing countries in the Middle East and North Africa has led some analysts to predict unprecedented oil-price spikes may be looming.
If the statements above are true, which of the following inference can be most properly drawn?
A) The oil prices at present are the highest of what they might have been in the last few decades.
B) Libya is a major oil producing country.
C) If US allows oil domestic oil production, it may be able to avoid any further price increase.
D) Discouraging oil production now is likely to lead to a further increase in oil price in US.
E) Unrest in oil producing countries in Middle East has impacted overall oil production.

OA to come later once thread comes with explanations..


I'd go with B

The fact that Libya's descent into chaos is fueling a rapid rise in oil prices makes it a major oil producing country.

A. Irrelevant
C. That is an assumption. The passage did not say for sure that domestic production in the US would make it avoid further oil price. What if demand rises faster than production?
D. Same argument as C
E. This is a wide assumption that unrest in middle east impacted overall production. Production also occurs in Africa and the US.

@ knightofdelta and triforce

"1) Libya's descent into chaos is fueling a rapid rise in oil prices, and
2) unrest in other oil-producing countries in the Middle East and North Africa
has led some analysts to predict unprecedented oil-price spikes may be looming." ==>

Here, above is the only information we have about Libya, it may be possible that another of countries in Middle East and North Africa may start providing oil to avoid oil-price increase because analysts' speculation is based on 2 factors. Here, we know Libya is a producer but modifier "major" here has been abused and so B is not correct.
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If you know what you're worth, then go out and get what you're worth. But you gotta be willing to take the hits, and not pointing fingers saying you ain't where you wanna be because of anybody! Cowards do that and You're better than that!
The path is long, but self-surrender makes it short; the way is difficult, but perfect trust makes it easy.

Fire the final bullet only when you are constantly hitting the Bull's eye, till then KEEP PRACTICING.
Failure establishes only this, that our determination to succeed was not strong enough.
Getting defeated is just a temporary notion, giving it up is what makes it permanent.

Press +1 Kudos, if you think my post gave u a tiny tip.

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Re: Oil-y CR problem [#permalink] New post 13 Jan 2013, 10:37
carcass wrote:
B is completely irrilevant
D is the best
Can you please explain why D is selected here and why C is not an option here?
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If you know what you're worth, then go out and get what you're worth. But you gotta be willing to take the hits, and not pointing fingers saying you ain't where you wanna be because of anybody! Cowards do that and You're better than that!
The path is long, but self-surrender makes it short; the way is difficult, but perfect trust makes it easy.

Fire the final bullet only when you are constantly hitting the Bull's eye, till then KEEP PRACTICING.
Failure establishes only this, that our determination to succeed was not strong enough.
Getting defeated is just a temporary notion, giving it up is what makes it permanent.

Press +1 Kudos, if you think my post gave u a tiny tip.

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Re: Oil-y CR problem [#permalink] New post 17 Jan 2013, 15:20
joshnsit wrote:
Of all the times for the U.S. to be discouraging domestic production of oil and natural gas, right now might be the worst. Libya's descent into chaos is fueling a rapid rise in oil prices, and unrest in other oil-producing countries in the Middle East and North Africa has led some analysts to predict unprecedented oil-price spikes may be looming.
If the statements above are true, which of the following inference can be most properly drawn?
A) The oil prices at present are the highest of what they might have been in the last few decades.
B) Libya is a major oil producing country.
C) If US allows oil domestic oil production, it may be able to avoid any further price increase.
D) Discouraging oil production now is likely to lead to a further increase in oil price in US.
E) Unrest in oil producing countries in Middle East has impacted overall oil production.

OA to come later once thread comes with explanations..
Hi All, D is the correct option here.
I was confused with Option C, but then found that "any" in option C makes it a wrong choice. This subtle devilish :evil: "any" is the problem in this option and ,if we go by this choice, this will mean that at any cost, the prices will not rise. But, this can not be proven based on this argument. The prices may remain flat or even dip in the future. The official explanation from the source against C is "What the passage states is that this is a bad time for US to curb domestic production. What we can infer is that if US allows domestic production then the price increase may not be that much or not at all. But, we can not conclusively say that there will not be any further price increase."

When the last statement of this argument says that oil spikes may be looming means an expected increase in oil price in US as suggested in D. So D is the answer.
_________________

If you know what you're worth, then go out and get what you're worth. But you gotta be willing to take the hits, and not pointing fingers saying you ain't where you wanna be because of anybody! Cowards do that and You're better than that!
The path is long, but self-surrender makes it short; the way is difficult, but perfect trust makes it easy.

Fire the final bullet only when you are constantly hitting the Bull's eye, till then KEEP PRACTICING.
Failure establishes only this, that our determination to succeed was not strong enough.
Getting defeated is just a temporary notion, giving it up is what makes it permanent.

Press +1 Kudos, if you think my post gave u a tiny tip.

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Re: Oil-y CR problem [#permalink] New post 17 Jan 2013, 20:29
I still don't get D. Can someone please explain in detail.
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Re: Oil-y CR problem [#permalink] New post 20 Jan 2013, 07:21
CharuKapoor wrote:
I still don't get D. Can someone please explain in detail.
@CharuKapoor, If you join the green parts of the argument, you get D. "likely to lead" in choice D = "may be looming" in last sentence of the argument.

Of all the times for the U.S. to be discouraging domestic production of oil and natural gas, right now might be the worst. Libya's descent into chaos is fueling a rapid rise in oil prices, and unrest in other oil-producing countries in the Middle East and North Africa has led some analysts to predict unprecedented oil-price spikes may be looming.
If the statements above are true, which of the following inference can be most properly drawn?
D) Discouraging oil production now is likely to lead to a further increase in oil price in US.
_________________

If you know what you're worth, then go out and get what you're worth. But you gotta be willing to take the hits, and not pointing fingers saying you ain't where you wanna be because of anybody! Cowards do that and You're better than that!
The path is long, but self-surrender makes it short; the way is difficult, but perfect trust makes it easy.

Fire the final bullet only when you are constantly hitting the Bull's eye, till then KEEP PRACTICING.
Failure establishes only this, that our determination to succeed was not strong enough.
Getting defeated is just a temporary notion, giving it up is what makes it permanent.

Press +1 Kudos, if you think my post gave u a tiny tip.

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Re: Of all the times for the U.S. to be discouraging domestic [#permalink] New post 13 Jul 2014, 02:03
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