Question: Why did global oil reserves double, instead of decrease, from1980 to 2006? A. Because coal was converted to oil. B. Because significant amounts of new

Why did global oil reserves double, instead of decrease, from1980 to 2006?

A. Because coal was converted to oil.

B. Because significant amounts of new oil reserves werediscovered in geologic formations in a few previously unexploredcountries.

C. Because economic and political methods encouraged thereporting of more oil reserves in certain key countries.

D. None of the above.

Step by Step Solution

★★★★★

3.45 Rating (171 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The detailed answer for the above question is provided below B Because sign... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related American History Questions!

Sales commission is considered to be a product cost O True False

A few years ago, there was a large oil refining company (based in New York) whose top executive was convicted of financial statement fraud. One of the issues in the case involved the way the company...

In 2011 oil production in Libya was interrupted by political unrest. At the same time, the demand for oil by China continued to rise. a. Demonstrate the impact on the quantity of oil bought and sold....

1.The U.S. has enough coal to supply _____. A. more than a thousand years of U.S. demand, at presentconsumption rates B. more than three centuries of U.S. demand (but less than athousand years), at...

COVID-19: The Global Shutdown In the first months of 2020, a pandemic overwhelmed the world. COVID-19, commonly known as the coronavirus, spread from China and created a severe public health...

.this need to answer from that file article. Draw a supply and demand graph to illustrate the changes described. Be sure to label your graph and clearly indicate which curve(s) shifts and what...

Question 3 (This question has three parts: a, b and c) You need to read Article 1 "Could an OPEC deal mark the beginning of the end of cheap oil? (pages 8-9 of this exam) to answer the questions...

The article starts as follows: "EXACTLY two years after Saudi Arabia coaxed its fellow OPEC members into letting market forces set the oil price, it has performed a nifty half-pirouette. On November...

Could an OPEC deal mark the beginning of the end of cheap oil? EXACTLY two years after Saudi Arabia coaxed its fellow OPEC members into letting market forces set the oil price, it has performed a...

develop the following into a simple but professional essay: Firstly, let's understand what BRICS is. BRICS is an acronym for the combined economies of Brazil, Russia, India, China, and South Africa....

Describe the ideal geometry for a metal injection molded product.

Plant, Inc., is considering making an offer to purchase Palmer Corp. Plant's vice president of finance has collected the following information: Plant also knows that securities analysts expect the...

Given the parametric equations below, elimhate the parameter l to obeain a Cartesian equation. 0 t 2 { x ( t ) = 3 s i n ( t ) v ( t ) = 7 c o s ( t )

. Generate a time varying analog input voltage v. Design an op-amp-based analog electronic circuit that glows a red LED (D1) when vi exceeds a threshold voltage levels V and glows a green LED (D2) as...

Business Research MethodologyQuestion Bank 1 1. When the marketing department of an organization attempts to determine the amount of time the managers in this department spend at their computers in...

Required: Prepare a schedule of cash collections. Prepare a schedule of cash payments. payments. Sates collected in 208 Cash Sates cottected on Credit of Credit Sates collected in the month of sale...

It is early April 2021 and you, CPA, work in a mid-sized accounting firm in Regina, Saskatchewan. While you normally work on audits, you have requested to participate in the personal tax pool this...

PSY-520 Graduate Statistics Topic 3 - Benchmark - Correlation and Regression Project Directions: Use the following information to complete the questions below. Use the following data points that have...

Evaluation processes and results should provide an opportunity for dynamic storytelling regarding program effectiveness. Consider what evaluation is like in the quality improvement process. Why is it...

The following RRA information is taken from the December 31, 2015, annual report of FX Energy, Inc. FX Energy, Inc. Changes in the Standardized Measure of Discounted Future Cash Flows Year Ended...

QC Ltd. operates under ideal conditions of uncertainty. On January 1, 2015, it purchased a capital asset that will last for two full years and then will be retired with zero salvage. The purchase...

In 1997, SFAS 130, Reporting Comprehensive Income, was issued by the FASB ( now included in ASC 220). We introduced other comprehensive income, including the related IASB standard, in Section 1.10....

Pew Research compared respondents to an ordinary 5-day telephone survey with respondents to a 4-month-long rigorous survey designed to generate the highest possible response rate. They were...

Exercises 21 and 35 describe an experiment investigating a dietary approach to treating bipolar disorder. Researchers randomly assigned 30 subjects to two treatment groups, one group taking a high...

A swimsuit manufacturer wants to test the speed of its newly designed suit. The company designs an experiment by having 6 randomly selected Olympic swimmers swim as fast as they can with their old...