It is currently 12 Dec 2017, 21:14

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

It has often been hypothesized that global oil consumption,

  post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Manager
Manager
avatar
Status: suffer now and live forever as a champion!!!
Joined: 01 Sep 2013
Posts: 146

Kudos [?]: 74 [0], given: 75

Location: India
Dheeraj: Madaraboina
GPA: 3.5
WE: Information Technology (Computer Software)
Premium Member
It has often been hypothesized that global oil consumption, [#permalink]

Show Tags

New post 01 Apr 2014, 19:24
7
This post was
BOOKMARKED
00:00
A
B
C
D
E

Difficulty:

  95% (hard)

Question Stats:

22% (00:57) correct 78% (01:11) wrong based on 294 sessions

HideShow timer Statistics

According to expert, this is a flawed question. So, the topic has been locked.

It has often been hypothesized that global oil consumption, which increases every year, will deplete the supply of oil, with catastrophic results for the global economy. However, these claims never stand up to scrutiny, as the volume of oil in reserves around the world has remained constant.

Which one of the following, if true, best resolves the apparent paradox?

(A) The actual annual consumption of oil is below that which many experts estimate.
(B) The cost of operating oil refineries has steadily decreased over time.
(C) The consumption of oil has greatly increased in the past 50 years.
(D) It is the policy of all major oil producers to locate new reserves at a rate consistent with that at which old reserves are depleted.
(E) The number of oil-producing countries has been steadily declining.
[Reveal] Spoiler: OA

Last edited by Mahmud6 on 19 Oct 2017, 19:56, edited 3 times in total.
Edited the title of the question

Kudos [?]: 74 [0], given: 75

Board of Directors
User avatar
G
Joined: 01 Sep 2010
Posts: 3420

Kudos [?]: 9483 [0], given: 1202

Re: It has often been hypothesized that global oil consumption, [#permalink]

Show Tags

New post 02 Apr 2014, 04:19

Kudos [?]: 9483 [0], given: 1202

Manager
Manager
avatar
Status: suffer now and live forever as a champion!!!
Joined: 01 Sep 2013
Posts: 146

Kudos [?]: 74 [0], given: 75

Location: India
Dheeraj: Madaraboina
GPA: 3.5
WE: Information Technology (Computer Software)
Premium Member
Re: It has often been hypothesized that global oil consumption, [#permalink]

Show Tags

New post 03 Apr 2014, 11:29
Hi Carcass,

Could you please say what violation of forum rule had i commited.

carcass wrote:
please read the forum rules before to post a question

regards

Kudos [?]: 74 [0], given: 75

Current Student
User avatar
Joined: 25 Sep 2012
Posts: 283

Kudos [?]: 179 [0], given: 242

Location: India
Concentration: Strategy, Marketing
GMAT 1: 660 Q49 V31
GMAT 2: 680 Q48 V34
GMAT ToolKit User Reviews Badge
Re: It has often been hypothesized that global oil consumption, [#permalink]

Show Tags

New post 08 Apr 2014, 01:36
Can anyone explain the answer here?

Kudos [?]: 179 [0], given: 242

Current Student
User avatar
Joined: 06 Sep 2013
Posts: 1966

Kudos [?]: 758 [0], given: 355

Concentration: Finance
GMAT ToolKit User
Re: It has often been hypothesized that global oil consumption, [#permalink]

Show Tags

New post 16 May 2014, 07:53
OE for this one please. Would be happy to throw some Kudos out there

Thanks!
Cheers!
J :)

Kudos [?]: 758 [0], given: 355

1 KUDOS received
Senior Manager
Senior Manager
User avatar
Joined: 25 Feb 2010
Posts: 448

Kudos [?]: 116 [1], given: 10

Re: It has often been hypothesized that global oil consumption, [#permalink]

Show Tags

New post 16 May 2014, 15:54
1
This post received
KUDOS
Global oil consumption which increases every year is a fact.
That such consumption will deplete the supply of oil is the opinion here. So, A contradicts a fact.

Not just that, it doesn't fully explain the paradox. Usually with such questions, the answer choice should explain both sides of the paradox.

This is what I think, can some please explain why A?
_________________

GGG (Gym / GMAT / Girl) -- Be Serious

Its your duty to post OA afterwards; some one must be waiting for that...

Kudos [?]: 116 [1], given: 10

Current Student
User avatar
Joined: 06 Sep 2013
Posts: 1966

Kudos [?]: 758 [0], given: 355

Concentration: Finance
GMAT ToolKit User
Re: It has often been hypothesized that global oil consumption, [#permalink]

Show Tags

New post 27 May 2014, 06:44
onedayill wrote:
Global oil consumption which increases every year is a fact.
That such consumption will deplete the supply of oil is the opinion here. So, A contradicts a fact.

Not just that, it doesn't fully explain the paradox. Usually with such questions, the answer choice should explain both sides of the paradox.

This is what I think, can some please explain why A?


Waiting for the nice OE here. Kudos +1 button is on fire

Thanks
Cheers
J

Kudos [?]: 758 [0], given: 355

Senior Manager
Senior Manager
avatar
Joined: 27 Oct 2013
Posts: 252

Kudos [?]: 131 [0], given: 79

Location: India
Concentration: General Management, Technology
GMAT Date: 03-02-2015
GPA: 3.88
Re: It has often been hypothesized that global oil consumption, [#permalink]

Show Tags

New post 28 May 2014, 00:45
Please post the OE.

I picked D as an answer.

And what is the source of the question?

Kudos [?]: 131 [0], given: 79

2 KUDOS received
Manager
Manager
avatar
Joined: 17 Nov 2013
Posts: 88

Kudos [?]: 37 [2], given: 47

Concentration: Strategy, Healthcare
GMAT 1: 710 Q49 V38
GPA: 3.34
WE: Business Development (Health Care)
GMAT ToolKit User
Re: It has often been hypothesized that global oil consumption, [#permalink]

Show Tags

New post 28 May 2014, 01:48
2
This post received
KUDOS
It has often been hypothesized that global oil consumption, which increases every year, will deplete the supply of oil, with catastrophic results for the global economy. However, these claims never stand up to scrutiny, as the volume of oil in reserves around the world has remained constant.
Which one of the following, if true, best resolves the apparent paradox?

(A) The actual annual consumption of oil is below that which many experts estimate. As it can be seen from the stem, it has been HYPOTHESIZED, the actual consumption could be well below the rate mentioned by the experts, hence:

A) OIL Levels = OIL OUTPUT - OIL Consumption rate ('overestimated')
B) OIL Levels = OIL OUTPUT - REAL OIL Consumption rate ('Actual')

Caveat:
where {Overestimated rate > Actual rate}. Hence, balances the OIL Levels.


(B) The cost of operating oil refineries has steadily decreased over time. Cost is totally out of scope. As can be seen from the stats, A vs. D if the fight.
(C) The consumption of oil has greatly increased in the past 50 years. Consumption trend is actually deepening the paradox. higher the consumption will mean higher the depletion. But that doesn't solve the constant output.
(D) It is the policy of all major oil producers to locate new reserves
at a rate consistent with that at which old reserves are depleted. It might be a policy to find new Oil-wells at the same rate as consumption, but does not in anyway mention whether this increases or counter-balances the consumption rate.
(E) The number of oil-producing countries has been steadily declining. this again adds to the paradox, but doesn't really solve it.
_________________

You create your own destiny.

Kudos [?]: 37 [2], given: 47

1 KUDOS received
Manager
Manager
avatar
Joined: 25 Apr 2014
Posts: 141

Kudos [?]: 84 [1], given: 1474

Re: It has often been hypothesized that global oil consumption, [#permalink]

Show Tags

New post 17 Jul 2014, 09:50
1
This post received
KUDOS
The doubt is certainly between A and D.
Keeping A aside as a probable answer as this tends to oppose one of the facts stated in the stimuli.
We move to D.
The word "locate" in D is sure contentious. "Locating" reserves at the same rate at which they are getting depleted does not guarantee that the "new reserves" hold the same volume of oil as the previously depleted ones(as stated in the stimuli ," the volume of oil in reserves around the world has remained constant").
So A seems the better choice if not best.

Kudos [?]: 84 [1], given: 1474

Intern
Intern
avatar
Joined: 20 Aug 2014
Posts: 32

Kudos [?]: 4 [0], given: 6

GMAT ToolKit User
Re: It has often been hypothesized that global oil consumption, [#permalink]

Show Tags

New post 15 Nov 2015, 02:05
In my opinion option A, does accept the fact, the oil consumption is happening,but does not justify the paradox, on constant volume of oil reserves .. Any body who can correct me/advice me here?

Kudos [?]: 4 [0], given: 6

1 KUDOS received
CR Forum Moderator
User avatar
P
Status: The best is yet to come.....
Joined: 10 Mar 2013
Posts: 499

Kudos [?]: 218 [1], given: 197

GMAT ToolKit User CAT Tests
Re: It has often been hypothesized that global oil consumption, [#permalink]

Show Tags

New post 18 Oct 2017, 04:19
1
This post received
KUDOS
How does choice A explain that the volume of oil in reserves around the world has remained constant?

The actual annual consumption of oil may be below that which many experts estimate, but there is a consumption, which should decrease the reserve. Choice A does not explain what deters this decrease.
_________________

Hasan Mahmud

Kudos [?]: 218 [1], given: 197

Intern
Intern
avatar
B
Joined: 10 Sep 2017
Posts: 10

Kudos [?]: 1 [0], given: 10

Concentration: Operations, Organizational Behavior
GMAT ToolKit User CAT Tests
Re: It has often been hypothesized that global oil consumption, [#permalink]

Show Tags

New post 18 Oct 2017, 06:55
Answer D seems correct, but it doesn't solve the paradox that the estimates are showing a decline, while it supports the premise of reserves being constant.

Kudos [?]: 1 [0], given: 10

Manager
Manager
User avatar
B
Joined: 21 Jul 2017
Posts: 89

Kudos [?]: 9 [0], given: 67

Location: India
Concentration: Social Entrepreneurship, Leadership
GMAT 1: 650 Q47 V33
GPA: 4
CAT Tests
Re: It has often been hypothesized that global oil consumption, [#permalink]

Show Tags

New post 18 Oct 2017, 08:17
GMATNinja there's a lot of chaos here between option choices A and D. Could you please shed some light on this?

Kudos [?]: 9 [0], given: 67

Manager
Manager
avatar
S
Joined: 27 Dec 2016
Posts: 110

Kudos [?]: 35 [0], given: 696

Concentration: International Business, Marketing
CAT Tests
Re: It has often been hypothesized that global oil consumption, [#permalink]

Show Tags

New post 19 Oct 2017, 09:46
mikemcgarry carcass GMATNinja Could one of you guys please explain why option A is correct? I am unable to understand the true gist behind option A. I picked option D instead.

Kudos [?]: 35 [0], given: 696

Expert Post
1 KUDOS received
Magoosh GMAT Instructor
User avatar
G
Joined: 28 Dec 2011
Posts: 4550

Kudos [?]: 8948 [1], given: 111

Re: It has often been hypothesized that global oil consumption, [#permalink]

Show Tags

New post 19 Oct 2017, 15:01
1
This post received
KUDOS
Expert's post
csaluja wrote:
Could one of you guys please explain why option A is correct? I am unable to understand the true gist behind option A. I picked option D instead.

Dear csaluja & rever08,

I'm happy to respond. :-)

This is a flawed question. On an official question or a high-quality practice question, there is one unambiguously right answers and four answers, each of which is incorrect for a specific unambiguous reason. Well-written CR practice questions are worth their weight on gold. By contrast, this question is an unmitigated disaster. Both (A) & (D) would be plausible OAs; the question writer was trying to create a "tempting distractor," and overshot by making it "too tempting," i.e. correct. This is a quite typical mistake of an inexperienced question writer. (B) is laughably irrelevant and (C) & (E) are so wrong as to be not tempting at all.

Students have nothing to gain by studying flawed question. I have no idea what the source of this question is. If it comes from a book, then the very best thing you could do for your prep would be to soak the book in gasoline and set it on fire! One has nothing to gain from puzzling over this question.

Here's a high quality practice CR question:
ACL injuries

Does all this make sense?
Mike :-)
_________________

Mike McGarry
Magoosh Test Prep

Image

Image

Education is not the filling of a pail, but the lighting of a fire. — William Butler Yeats (1865 – 1939)

Kudos [?]: 8948 [1], given: 111

Re: It has often been hypothesized that global oil consumption,   [#permalink] 19 Oct 2017, 15:01
Display posts from previous: Sort by

It has often been hypothesized that global oil consumption,

  post reply Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.