EBF 301 EBF301 Quiz 2 Answers (Penn State University)
EBF 301 EBF301 Quiz 2 (Penn State University)
1.U.S. crude oil prices hit an all-time record high of $147 in what year?
2.The number one source of crude imports to the US is:
A) Saudi Arabia
3.Based upon the material presented, which is not a factor influencing U.S. crude oil prices?
B) U.S. Dollar’s exchange rate
C) Global warming
D) Geo-political events
4.“Distillates” derived from crude include which of the following (check all that apply):
A) Jet fuel
C) Heating Oil
5.The emerging economy of what country most impacts crude oil prices?
A) United States
6.Based upon the material presented, which is not a factor influencing natural gas prices?
B) Manufacturing activity
C) U.S. Dollar’s exchange rate
D) Baker-Hughes Drilling Rig Report
7.The second-largest fuel source for the generation of electricity is:
C) Natural Gas
8.The largest source of imported natural gas in the U.S. comes from:
A) Liquefied Natural Gas (LNG)
B) Canadian imports
C) Mexican imports
D) European barges
9.What technological advances have helped un-lock the “non-conventional” shale plays?
A) “3-D” seismic
B) Horizontal drilling
C) New fracking materials
D) All of the above
10.The U.S. exports natural gas to what country below?
A) a. Trinidad-Tobago
B) b. United Kingdom
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