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11 Oct 2023, 10:07
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E-mail from Marketing Manager to Research Staff
With ABC Oil currently the most profitable corporation in the country, followed closely by XYZ Oil, how valid is the image of the United States as dependent on foreign oil? What proportion of American energy needs can be met through domestic production? How do current production levels compare withprevious years? What do we know about trends in demand? And if we must import, how much of that need can be answered by Canada? Positioning the company as an American energy company would be the most positive stance but only if we can support it by showing that our product comes from if not U.S. wells at least North American sources.
With ABC Oil currently the most profitable corporation in the country, followed closely by XYZ Oil, how valid is the image of the United States as dependent on foreign oil? What proportion of American energy needs can be met through domestic production? How do current production levels compare withprevious years? What do we know about trends in demand? And if we must import, how much of that need can be answered by Canada? Positioning the company as an American energy company would be the most positive stance but only if we can support it by showing that our product comes from if not U.S. wells at least North American sources.
The United States must import oil because U.S. oil production does not meet the demand.: Yes
All U.S. oil imports come from Middle East sources.: No
The closing of the gap between U.S. consumption and U.S. production is entirely due to increased domestic production.: No
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
5%
(low)
Question Stats:
83% (02:43) correct
17%
(02:55)
wrong
based on 773
sessions
History
Date
Time
Result
Not Attempted Yet
1. Consider each of the following statements. Does the information in the three sources support the inference as stated?
| Yes | No | |
| The United States must import oil because U.S. oil production does not meet the demand. | ||
| All U.S. oil imports come from Middle East sources. | ||
| The closing of the gap between U.S. consumption and U.S. production is entirely due to increased domestic production. |
ShowHide Answer
Official Answer
The United States must import oil because U.S. oil production does not meet the demand.: Yes
All U.S. oil imports come from Middle East sources.: No
The closing of the gap between U.S. consumption and U.S. production is entirely due to increased domestic production.: No
The idea of “American” oil companies is archaic because major oil companies are now operating in global industries.: Yes
Domestic demand for oil could be met by American oil companies if they did not export their oil to other markets.: No
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
71% (00:44) correct
29%
(00:57)
wrong
based on 714
sessions
History
Date
Time
Result
Not Attempted Yet
2. Consider each of the following statements. Does the information in the three sources support the inference as stated?
| Yes | No | |
| The idea of “American” oil companies is archaic because major oil companies are now operating in global industries. | ||
| Domestic demand for oil could be met by American oil companies if they did not export their oil to other markets. |
ShowHide Answer
Official Answer
The idea of “American” oil companies is archaic because major oil companies are now operating in global industries.: Yes
Domestic demand for oil could be met by American oil companies if they did not export their oil to other markets.: No
Data Insights (DI) Butler 2023-24 [Question #34, Date: Oct-11-2023] [Click here for Details]
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28 Dec 2023, 11:44
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Milli19
The idea of “American” oil companies is archaic because major oil companies are now operating in global industries.
Explanation
Researcher #2 indicates that even those oil companies identified as American are actually global enterprises, producing oil in various locations and supplying markets around the world.
Answer: Yes
