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
Global Oil Consumption
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- HSPA
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Real tough one
second statement : volume of Oil reserves is constant
First statement : global oil consumption is increasing every year
D pushes up second statement and A weakens first statement.
Both are right but how A > D
Using this: However, the claims never stand up the scrutiny..claim is wrong..So A is A > D
second statement : volume of Oil reserves is constant
First statement : global oil consumption is increasing every year
D pushes up second statement and A weakens first statement.
Both are right but how A > D
Using this: However, the claims never stand up the scrutiny..claim is wrong..So A is A > D
First take: 640 (50M, 27V) - RC needs 300% improvement
Second take: coming soon..
Regards,
HSPA.
Second take: coming soon..
Regards,
HSPA.
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HSPA wrote:Real tough one
second statement : volume of Oil reserves is constant
First statement : global oil consumption is increasing every year
D pushes up second statement and A weakens first statement.
Both are right but how A > D
Using this: However, the claims never stand up the scrutiny..claim is wrong..So A is A > D
Good work HSPA , i too went for D .
Thanks & Regards,
AIM GMAT
AIM GMAT
- smackmartine
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So what if the the consumption is not as much as what the analysts estimated to be . global oil consumption is still increasingReal tough one
second statement : volume of Oil reserves is constant
First statement : global oil consumption is increasing every year
D pushes up second statement and A weakens first statement.
Both are right but how A > D
analysts predicted that the consumption would be 10 million tonnes
but the actual consumption turns out to be 1 million tonne , so doesnt this much consumption still deplete the oil reserves, though less that what the analysts initially predicted .
I Seek Explanations Not Answers