GON
$100 Site Donor 2024
Soon to start a new chapter in my professional life. I applied for a job that required I answer about 600 online questions, solve problems, etc.
Here is part of the question I found fascinating: "Plummeting oil prices have a vast impact on the global economy, but local economies can also suffer. For example, when U.S. based oil companies lose money, it often results in personnel layoffs. If the costs remain low for a long period of time, the economic downfall will continue to spread throughout the cities and towns built around the oil industry." I don't concur with that theory. Over the past 100 years, the drilling, refining, and selling of oil has been an above average return for most in the oil industry, from employees to investors. Yes, every industry has its ups and down, but the ups in oil almost always far outweigh the downs.
The price of crude oil has remained at the forefront of political and economic conversations due to its far-reaching impact on foreign policy and the financial prosperity of U.S. citizens. Though Presidential campaigns may tout how they will reduce the price of gas for the American consumer, lower oil costs are not always the cure-all they are made out to be. Plummeting oil prices have a vast impact on the global economy, but local economies can also suffer. For example, when U.S. based oil companies lose money, it often results in personnel layoffs. If the costs remain low for a long period of time, the economic downfall will continue to spread throughout the cities and towns built around the oil industry.
Which of the following can be inferred from the information in the passage?
1, The success of the U.S. economy can be directly tied to the price of crude oil.
2, The long term economic effects of lower oil prices may not benefit Americans.
3, Presidential campaigns should focus on the full impact of lower oil prices.
4, Cities built around the oil industry have economies that mirror foreign nations.
Here is part of the question I found fascinating: "Plummeting oil prices have a vast impact on the global economy, but local economies can also suffer. For example, when U.S. based oil companies lose money, it often results in personnel layoffs. If the costs remain low for a long period of time, the economic downfall will continue to spread throughout the cities and towns built around the oil industry." I don't concur with that theory. Over the past 100 years, the drilling, refining, and selling of oil has been an above average return for most in the oil industry, from employees to investors. Yes, every industry has its ups and down, but the ups in oil almost always far outweigh the downs.
The price of crude oil has remained at the forefront of political and economic conversations due to its far-reaching impact on foreign policy and the financial prosperity of U.S. citizens. Though Presidential campaigns may tout how they will reduce the price of gas for the American consumer, lower oil costs are not always the cure-all they are made out to be. Plummeting oil prices have a vast impact on the global economy, but local economies can also suffer. For example, when U.S. based oil companies lose money, it often results in personnel layoffs. If the costs remain low for a long period of time, the economic downfall will continue to spread throughout the cities and towns built around the oil industry.
Which of the following can be inferred from the information in the passage?
1, The success of the U.S. economy can be directly tied to the price of crude oil.
2, The long term economic effects of lower oil prices may not benefit Americans.
3, Presidential campaigns should focus on the full impact of lower oil prices.
4, Cities built around the oil industry have economies that mirror foreign nations.
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