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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, 02:18
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A
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D
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34% (02:20) correct 66% (01:25) wrong based on 230 sessions
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) The oil price increases that are predicted by analysts may be larger than those in the recent past.
E) Unrest in oil producing countries in Middle East has impacted overall oil production.
[Reveal] Spoiler: OA

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Last edited by joshnsit on 17 Jan 2013, 15:22, edited 2 times in total.
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Re: Oil-y CR problem -2 [#permalink] New post 12 Jan 2013, 11:02
I think C, but this does not sound like a GMAT question at all.
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Re: Oil-y CR problem -2 [#permalink] New post 13 Jan 2013, 11:07
commdiver wrote:
I think C, but this does not sound like a GMAT question at all.
I also went for C, but still not able to understand the reason and explanation why it is wrong.
Will reveal OA in some time.
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Fire the final bullet only when you are constantly hitting the Bull's eye, till then KEEP PRACTICING.
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Getting defeated is just a temporary notion, giving it up is what makes it permanent.

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Re: Oil-y CR problem -2 [#permalink] New post 13 Jan 2013, 13:38
The first sentence of the question stem states that it is a bad time for the US to discourage domestic oil production. The second sentence of the question stem states that oil prices are about to rise because of unrest in Libya. One can assume that if the US cuts domestic oil product, therefore increasing their reliance on imported oil, prices will soar because of the unrest in Libya. Therefore, C is correct.

I hope that helps :)
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Re: Oil-y CR problem -2 [#permalink] New post 13 Jan 2013, 14:14
commdiver wrote:
The first sentence of the question stem states that it is a bad time for the US to discourage domestic oil production. The second sentence of the question stem states that oil prices are about to rise because of unrest in Libya. One can assume that if the US cuts domestic oil product, therefore increasing their reliance on imported oil, prices will soar because of the unrest in Libya. Therefore, C is correct.

I hope that helps :)
C is not correct as per OE I have. 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."

I am not able to make out much from this particular explanation that how is author saying that , so posted it for clarifications here.
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Fire the final bullet only when you are constantly hitting the Bull's eye, till then KEEP PRACTICING.
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Re: Oil-y CR problem -2 [#permalink] New post 17 Jan 2013, 15:12
joshnsit wrote:
commdiver wrote:
The first sentence of the question stem states that it is a bad time for the US to discourage domestic oil production. The second sentence of the question stem states that oil prices are about to rise because of unrest in Libya. One can assume that if the US cuts domestic oil product, therefore increasing their reliance on imported oil, prices will soar because of the unrest in Libya. Therefore, C is correct.

I hope that helps :)
C is not correct as per OE I have. 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."

I am not able to make out much from this particular explanation that how is author saying that , so posted it for clarifications here.

Finally, I got the error in C. C) says that "If US allows oil domestic oil production, it may be able to avoid any further price increase." 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 correct option D is a corroboration of what the last sentence of this argument says:
D) The oil price increases that are predicted by analysts may be larger than those in the recent past.
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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: Of all the times for the U.S. to be discouraging domestic [#permalink] New post 08 Aug 2013, 03:19
I was confused between A and D went with A now i realise the question is about inference and A is a fact.

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Re: Of all the times for the U.S. to be discouraging domestic [#permalink] New post 08 Aug 2013, 14:41
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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) The oil price increases that are predicted by analysts may be larger than those in the recent past.
E) Unrest in oil producing countries in Middle East has impacted overall oil production.


Interesting question!

ANALYZE THE STIMULUS:

Factor #1: Libya's descent into chaos is fueling a rapid rise in oil prices.
Factor #2: unrest in other oil-producing countries in the Middle East and North Africa
Sub conclusion: unprecedented oil-price spikes may be looming.
Main conclusion: Of all the times for the U.S. to be discouraging domestic production of oil and natural gas, right now might be the worst.

KEY WORD: unprecedented oil-price spikes.

ANALYZE EACH OPTION:


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. Nothing about “oil prices at present are the highest”. Probably, the oil prices at present are high, but we do not have enough info to conclude they are the highest.

B) Libya is a major oil producing country.
Wrong. SHELL GAME.
- “oil producing” differs from “oil exporting”. Libya may be a major oil exporting country. It may export a big amount of “rude” oil. So its chaos will have a big impact on oil prices. But, the premises do not say “Libya is a major producing country”.

C) If US allows oil domestic oil production, it may be able to avoid any further price increase.
Wrong. SHELL GAME. It’s wrong because:
- If US allows oil domestic production, it may be able to avoid further price increase in the U.S only. But, C say US can avoid price increase in general. C means U.S only or worldwide?
- C say the US can avoid any further price increase. KEY WORD is “any”. Is it true that the US can avoid any further price increase? The US can avoid only price increase to some extent, not any further price increase.

D) The oil price increases that are predicted by analysts may be larger than those in the recent past.
Correct. The stimulus says: “unprecedented oil-price spikes”. “unprecedented” means “have never happened before”. D is the most properly inference.

E) Unrest in oil producing countries in Middle East has impacted overall oil production.
Wrong. It’s true that unrest in oil producing countries in ME will impact overall oil production. But the unrest did impact or will impact (the time of the impact)? We don’t know. Hence, E is wrong.

Hope it helps.
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Re: Of all the times for the U.S. to be discouraging domestic [#permalink] New post 26 Aug 2013, 00:04
The problem with c is that it is too strong "any" if there was no "any" in the answer the. It would be Better answer than the the "D"

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Re: Of all the times for the U.S. to be discouraging domestic [#permalink] New post 14 Oct 2013, 23:54
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The key word here is 'unprecedented'. If u read this word the entire passage becomes a piece of cake.
Re: Of all the times for the U.S. to be discouraging domestic   [#permalink] 14 Oct 2013, 23:54
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