What has been a significant factor in the increased oil production in the US?
CLEAN : World oil prices slide to multi year lows

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Business, Social Studies
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9th - 12th Grade
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The shale oil boom
The discovery of new oil fields
Increased demand for oil
Technological advancements in drilling
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why have countries like Iraq, Libya, and Iran maintained their current oil production levels?
They are facing regional unrest and sanctions
They want to increase their market share
They have reached their maximum production capacity
They are waiting for OPEC's decision
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary reason Saudi Arabia has not reduced its oil output?
To increase oil prices
To maintain its market share
To support other OPEC members
To reduce global oil supply
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the general sentiment among OPEC members regarding production cuts?
They are divided on the issue
They are eager to cut production
They have already agreed to cut production
They are reluctant to cut production
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What might shale oil producers need to do in the long term?
Maintain their current production levels
Stop production entirely
Increase their production levels
Adjust their production levels
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