Oil Quiz - Test Your Knowledge!
Courtesy of The Oil Drum
1. United States oil production has been increasing at about 2% per year since 1960.
a. True
b. False
_____________________
2. Saudi Arabia is currently the largest producer of oil in the world.
a. True
b. False
_____________________
3. Each country publishes information about its reserves. This gives us pretty good information about future oil production.
a. True
b. False
_____________________
4. The following were the largest oil producing countries in 2005: Saudi Arabia, Russia, United States, Iran, China, Mexico, Norway, and Venezuela. Of these, which showed declining production in 2006?
a. None of them. Oil production is growing almost everywhere.
b. Only Norway and Venezuela
c. Six of the eight: Saudi Arabia, United States, Iran, Mexico, Norway, and Venezuela.
d. All of them
_____________________
5. Increases in Canadian oil production as a result of developing the Canadian Oil Sands can be expected to offset declines in oil production elsewhere.
a. True
b. False
_____________________
6. If oil production in an oil-exporting country declines by, say, 5% per year, oil exports are expected to decline by a similar amount.
a. True
b. False
_____________________
7. Geologists are in agreement that worldwide oil production can be expected to continue to rise, at least until 2030.
a. True
b. False
_____________________
8. If worldwide oil production were to decline at 2% per year for several years, this could easily be accommodated with little disruption.
a. True
b. False
_____________________
9. If there is a worldwide shortage of oil, the richest countries can be expected to get the majority of the oil, and within those richest countries, the wealthiest people can be expected to get the largest share.
a. True
b. False
_____________________
10. If we know that a major oil shortage is on the horizon, we can make necessary changes (develop alternative fuels and plug in electric vehicles, for example) in a five year period.
a. True
b. False
_____________________
11. Even after oil production in an area declines, there is still a substantial amount of oil remaining in the ground.
a. True
b. False
_____________________
12. Technological solutions will overcome the likely oil shortfall.
a. True
b. False
c. We can't know yet.
Answers here at The Oil Drum. No cheating now!