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?

A) 2005
B) 2007
C) 2010
D) 2008

2.The number one source of crude imports to the US is:

A) Saudi Arabia
B) Qatar
C) Nigeria
D) Canada

3.Based upon the material presented, which is not a factor influencing U.S. crude oil prices?

A) Weather
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
B) Diesel
C) Heating Oil
D) Gasoline

5.The emerging economy of what country most impacts crude oil prices?

A) United States
B) Greece
C) Kenya
D) China

6.Based upon the material presented, which is not a factor influencing natural gas prices?

A) Weather
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:

A) Coal
B) Nuclear
C) Natural Gas
D) Hydro

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
C) Canada
D) China