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

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

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New post 04 Nov 2015, 13:35
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Re: Utrania was formerly a major petroleum exporter, but in recent decades [#permalink]

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New post 17 Mar 2016, 02:17
Hello from the GMAT Club VerbalBot!

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

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New post 20 Dec 2016, 11:05
Utrania was formerly a major petroleum exporter, but in recent decades economic stagnation and restrictive regulations inhibited investment in new oild 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:

Boil it down - With improved economic condition and less restrictive regulations , the domestic production is likely to increase . But if domestic demand itself increases then in spite of all this we might not see higher exports .

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. - Answer
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Re: Utrania was formerly a major petroleum exporter, but in recent decades [#permalink]

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New post 27 Mar 2017, 15:53
We have to make the assumption that automobiles use oil. What a stupid question. Granted, I made that assumption but I thought the whole point is that we don't. What if Utrania used electric cars?

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

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New post 03 May 2017, 07:10
We need to find a good reason for export not going to grow.

A. No effect
B. More car owners, more gasoline will be required to fulfil new demand. So this option is a contender for a correct answer.
C. This one can logically be derived from premises in the passage, and would have been a potential correct answer for Inference type.
D. No tie to the conclusion.
E. No effect.

So answer B is the best option.

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

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New post 15 Jun 2017, 10:10
Ans:B
If there is any rise in demand for the oil in the country, then it is highly likely that oil exports will be disturbed.

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

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New post 02 Jul 2017, 18:30
It is a straight B.

If the regulations have been removed, there will be more investments in new oil fields and once they are developed, the exports should increase in a normal logical scenario. But if the oil was locally consumed, they would be no oil available for exports. Hence B.

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

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New post 23 Aug 2017, 06:23
Situation: A country that had been a major oil exporter has seen its exports decline in recent decades due to economic stagnation, a failure to invest in new fields, and the steady depletion of its old fields. But looser regulations and an improving economy will bring rapid development of new oil fields in the country.

Reasoning: The passage describes the conditions that led to Utrania's no longer being a major oil exporter: a lack of investment in new oil fields due to a stagnant economy and restrictive regulations.

B is correct - An increase in car ownership would increase Utrania's oil consumption—and this supports the claim that oil exports might not increase
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Re: Utrania was formerly a major petroleum exporter, but in recent decades   [#permalink] 23 Aug 2017, 06:23

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