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Utrania was formerly a major petroleum exporter, but in recent decades

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Utrania was formerly a major petroleum exporter, but in recent decades  [#permalink]

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New post 04 Jan 2019, 15:27
VeritasKarishma wrote:
Which of the following most logically completes the argument?

Utrania was formerly a major petroleum exporter, but in recent decades economic stagnation and restrictive regulations inhibited investment in new oil fields. In consequence, Utrania oil exports dropped steadily as old fields became depleted. Utrania's currently improving economic condition, 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 economic situation in Utrania is expected to result in a dramatic increase in the proportion of Utranian's who own automobiles.

(C) most of the investment in the oil fields in Utrania is expected to come from foreign sources.

(D) new technology 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 developing during the period when Utrania was a major oil exporter.

Premises:
Utrania was an exporter, but in recent decades economic stagnation and restrictive regulations inhibited investment in new oil fields.
So exports dropped steadily as old fields became depleted.
Utrania's economic condition is improving and regulations are less restrictive now so rapid development of new fields will happen

Conclusion:
It would be premature to conclude that the rapid development of new fields will result in higher oil exports ...

because...
- Here we are looking for a premise. Something that will tell us why the author is saying the the new fields may not result in higher oil exports.

What can we expect? Either that the oil will be needed internally so will not be available for export or that there will not be much outside demand for Utrania oil.


How the red part is possible VeritasKarishma ? As an importer, I'm always ready to import Utrania's oil. I think, this won't be a reasonable way to explain what is going on OUTSIDE of Utrania (like reluctant to import Utrania's oil); the perfect reason would be something that is happening INSIDE of Utrania. Could you correct me if I'm wrong, please?
Thanks__
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Re: Utrania was formerly a major petroleum exporter, but in recent decades  [#permalink]

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New post 06 Jan 2019, 02:41
AsadAbu wrote:
VeritasKarishma wrote:
Which of the following most logically completes the argument?

Utrania was formerly a major petroleum exporter, but in recent decades economic stagnation and restrictive regulations inhibited investment in new oil fields. In consequence, Utrania oil exports dropped steadily as old fields became depleted. Utrania's currently improving economic condition, 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 economic situation in Utrania is expected to result in a dramatic increase in the proportion of Utranian's who own automobiles.

(C) most of the investment in the oil fields in Utrania is expected to come from foreign sources.

(D) new technology 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 developing during the period when Utrania was a major oil exporter.

Premises:
Utrania was an exporter, but in recent decades economic stagnation and restrictive regulations inhibited investment in new oil fields.
So exports dropped steadily as old fields became depleted.
Utrania's economic condition is improving and regulations are less restrictive now so rapid development of new fields will happen

Conclusion:
It would be premature to conclude that the rapid development of new fields will result in higher oil exports ...

because...
- Here we are looking for a premise. Something that will tell us why the author is saying the the new fields may not result in higher oil exports.

What can we expect? Either that the oil will be needed internally so will not be available for export or that there will not be much outside demand for Utrania oil.


How the red part is possible VeritasKarishma ? As an importer, I'm always ready to import Utrania's oil. I think, this won't be a reasonable way to explain what is going on OUTSIDE of Utrania (like reluctant to import Utrania's oil); the perfect reason would be something that is happening INSIDE of Utrania. Could you correct me if I'm wrong, please?
Thanks__


How about much cheaper oil available from a new source? That may reduce the demand for Utranian oil outside. The point is that the author is going to give a reason why exports may not jump up. It could have to do with lower supply or lower demand.
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Re: Utrania was formerly a major petroleum exporter, but in recent decades  [#permalink]

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New post 06 Jan 2019, 15:29
VeritasKarishma wrote:
AsadAbu wrote:
VeritasKarishma wrote:
Which of the following most logically completes the argument?

Utrania was formerly a major petroleum exporter, but in recent decades economic stagnation and restrictive regulations inhibited investment in new oil fields. In consequence, Utrania oil exports dropped steadily as old fields became depleted. Utrania's currently improving economic condition, 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 economic situation in Utrania is expected to result in a dramatic increase in the proportion of Utranian's who own automobiles.

(C) most of the investment in the oil fields in Utrania is expected to come from foreign sources.

(D) new technology 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 developing during the period when Utrania was a major oil exporter.

Premises:
Utrania was an exporter, but in recent decades economic stagnation and restrictive regulations inhibited investment in new oil fields.
So exports dropped steadily as old fields became depleted.
Utrania's economic condition is improving and regulations are less restrictive now so rapid development of new fields will happen

Conclusion:
It would be premature to conclude that the rapid development of new fields will result in higher oil exports ...

because...
- Here we are looking for a premise. Something that will tell us why the author is saying the the new fields may not result in higher oil exports.

What can we expect? Either that the oil will be needed internally so will not be available for export or that there will not be much outside demand for Utrania oil.


How the red part is possible VeritasKarishma ? As an importer, I'm always ready to import Utrania's oil. I think, this won't be a reasonable way to explain what is going on OUTSIDE of Utrania (like reluctant to import Utrania's oil); the perfect reason would be something that is happening INSIDE of Utrania. Could you correct me if I'm wrong, please?
Thanks__


How about much cheaper oil available from a new source? That may reduce the demand for Utranian oil outside. The point is that the author is going to give a reason why exports may not jump up. It could have to do with lower supply or lower demand.

One prominent expert says that we can't weaken the following statement by just saying: I'm not a gmatclub member.
Here is the statement: I'm a gmatclub member.

In this CR, we need a reason why we WON'T EXPORT MORE. To weaken this one if we say SOMEONE WON'T IMPORT MORE, then won't it resemble the green part above?
Thanks__
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Re: Utrania was formerly a major petroleum exporter, but in recent decades  [#permalink]

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New post 06 Jan 2019, 16:47
Karishma is just saying that you cannot sell something when there is no demand. your statement - I'm a gmatclub member destroys your first claim I'm not a gmatclub member.
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Re: Utrania was formerly a major petroleum exporter, but in recent decades &nbs [#permalink] 06 Jan 2019, 16:47

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Utrania was formerly a major petroleum exporter, but in recent decades

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