It has often been hypothesized that global oil consumption, which increases every year, will deplete the supply of oil, with catastrophic results for the global economy. However, these claims never stand up to scrutiny, as the volume of oil in reserves around the world has remained constant.
Which one of the following, if true, best resolves the apparent paradox?
(A) The actual annual consumption of oil is below that which many experts estimate.
(B) The cost of operating oil refineries has steadily decreased over time.
(C) The consumption of oil has greatly increased in the past 50 years.
(D) It is the policy of all major oil producers to locate new reserves
at a rate consistent with that at which old reserves are depleted.
(E) The number of oil-producing countries has been steadily declining.
Confused between A and D. I think D should be the answer because the volume of Oil reserve is constant. I am assuming that those companies are following that policy. But Answer is given as A
Which one of the following, if true, best resolves the apparent paradox?
(A) The actual annual consumption of oil is below that which many experts estimate.
(B) The cost of operating oil refineries has steadily decreased over time.
(C) The consumption of oil has greatly increased in the past 50 years.
(D) It is the policy of all major oil producers to locate new reserves
at a rate consistent with that at which old reserves are depleted.
(E) The number of oil-producing countries has been steadily declining.
Confused between A and D. I think D should be the answer because the volume of Oil reserve is constant. I am assuming that those companies are following that policy. But Answer is given as A
