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Which of the following most logically completes the

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Which of the following most logically completes the [#permalink] New post 20 Oct 2006, 01:28
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A
B
C
D
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Which of the following most logically completes the argument?

Utrania was formerly a major pertroleum exporter, but in recent decades economic stagnation and restrictive regulations inhibited invesment in new oil fields. In consequence, Utranian oil exports dropped steadily as old fields became depleted. Utrania's currenty improving economic situation, together with less-restrictive regulations, will undoubtedly result in the rapid development of new fields. However, it would be premature to conclude that the rapid development of new fields will result in higher oil exports, because ___________.

a. the price of oil is expected to remain relatively stable over the next several years

b. the improvement in the econ situation in Utrania is expected to result in a dramatic increase in the proportion of Utranians who own automobiles

c. most of the investment in new oil fields in Utrania is expected to come from foreign sources

d. new tech is available to recover oil from old oil fields formerly regarded as depleted

e. many of the new oil fields in Utrania are likely to be as productive as those that were developed during the period when Utrania was a major oil exporter
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 [#permalink] New post 20 Oct 2006, 01:38
I see B as the only reasonable explanation....
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 [#permalink] New post 20 Oct 2006, 01:51
B 2
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 [#permalink] New post 20 Oct 2006, 03:47
E looks Right.....
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 [#permalink] New post 20 Oct 2006, 05:39
one more B. Oil is going to be consumed internally, and hence not sure of exports. Sounds logical. :wink:
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 [#permalink] New post 20 Oct 2006, 08:58
Only B makes any sense.
More automobiles = more demand for oil within Ultrania = less oil available for export.
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 [#permalink] New post 20 Oct 2006, 11:08
B is the only one which logically fits into the sentence.
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Re: CR Utrania [#permalink] New post 21 Oct 2006, 15:20
My vote for B.
Hermione wrote:
a. the price of oil is expected to remain relatively stable over the next several years
less uncertainty, more exports
b. the improvement in the econ situation in Utrania is expected to result in a dramatic increase in the proportion of Utranians who own automobiles
higher internal demand, higher supply needed
c. most of the investment in new oil fields in Utrania is expected to come from foreign sources
foreign companies will import more oil
d. new tech is available to recover oil from old oil fields formerly regarded as depleted
so what?
e. many of the new oil fields in Utrania are likely to be as productive as those that were developed during the period when Utrania was a major oil exporter

more supply = more oil for exporting
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 [#permalink] New post 21 Oct 2006, 19:12
Yeah B for me as well.

More local cosumption may eradicate chances for better export.
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 [#permalink] New post 21 Oct 2006, 21:13
Ultranian's will be driving around in gas guzzling Hummers and therefore use a considerable amount of the domestic resources for themselves.

(B)
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Re: Which of the following most logically completes the [#permalink] New post 24 Mar 2012, 14:57
I have chosen the answer B for this question:

This passage states reasons why Utrania was having difficulty with their exports. However, the passage goes on to state that the reasons that were inhibiting oil export have been removed. The passage then finishes off by saying that it is too early to tell if exports will increase. We need to supply a premise for this.

A. This is an incorrect answer choice. The reason is because if the price of oil is expected to remain stable, you would expect oil exports to increase.

B. This is the correct answer - it states that with a better economic situation in Utrania, more of the oil would be consumed internally and so less would be exported.

C. This answer is incorrect. If more investment is coming in from foreign sources, you would expect a rapid development of oil fields and more oil production, leading to increased exports.

D. If new technology is available, again you would export more oil production and increased exports.

E. If the fields are going to be as productive, this would suggest that we have good oil production and would explain why exports would increase.
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Re: Which of the following most logically completes the [#permalink] New post 28 Mar 2012, 03:50
Standard demand supply and opportunity cost analysis...B it is
cheers...
Re: Which of the following most logically completes the   [#permalink] 28 Mar 2012, 03:50
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