Reliance On Russian Oil Imports Could Have Impact On U.S. Gas Prices

The video discusses the increasing role of Russian oil imports in the US and the potential impact of geopolitical tensions in Eastern Europe, particularly the Russian-Ukraine conflict, on global oil prices. It highlights the economic implications for the US, including rising gas prices, and the challenges faced by global energy companies in meeting demand. The video also addresses the broader context of global supply chain disruptions and energy consumption trends.

What proportion of imported oil in the U.S. currently comes from Russia?

• One in twenty barrels

• One in fifteen barrels

• One in ten barrels

• One in five barrels

Which country surpassed Saudi Arabia in supplying crude oil to the U.S. between January and October last year?

• Canada

• Venezuela

• Russia

• Mexico

What is the potential price of oil per barrel if Russia invades Ukraine, according to analysts?

• $140

• $120

• $100

• $80

What is the expected average gas price in the U.S. if the oil price per barrel reaches $100?

• $4.50

• $4.00

• $3.50

• $3.00

What is the current state of global energy companies in terms of preparedness for rising demand?

• Fully prepared

• Not prepared

• Over-prepared

• Somewhat prepared