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Oil Wells and Reservoirs

What led to a...

Question

What led to alternative energy sources being considered economically feasible?

A

The price of oil rose by 70% while renewable energy sources are cheap.

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B

Exorbitant crude oil prices made alternative energy sources an attractive option.

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C

Expert predictions that the price of oil would alternately escalate and plunge sharply.

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D

Evidence that no new sources of oil and gas are available.

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E

None of the above.

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Solution

The correct option is B Exorbitant crude oil prices made alternative energy sources an attractive option.
Exorbitant crude oil prices made alternative energy sources an attractive option.

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Q. Read the following passage carefully and answer the given questions. Certain words/phrases are given in bold to help you locate them while answering some of the questions.
Which of the following is/are true in the context of the passage?
A. The decline in oil prices has benefited all countries.
B. Renewable energy sources are costlier than non renewable ones.
C. Lack of availability of alternative renewable energy resulted in rising demand for crude oil.

Q. 9. In the context of global oil prices “Brent crude oil" is frequently referred to in the news. What does this term imply?
1. It is a major source classification of crude oil.
2. It is sourced from North Sea
3. It does not contain sulphur.
Which of the above statement(s) is/are correct?

Q. We will have to take more interest in hydroelectric projects. As the prices of oil have increased, it has become vital that such renewable sources of energy are tapped. (CAT 1990
The assumption/assumptions of the argument is/are which of the following?
I. Hydroelectric power is a renewable source of energy.
II. Hydroelectric power is comparatively cheaper.

Q. Complete the sentence with the most suitable option:
Within another hundred years, we will have to find alternative sources of energy, _________ the world's reserves of oil will not last that long.

Q. In response to the increasing cost of producing energy through traditional means, such as combustion, many utility companies have begun investing in renewable energy sources, chiefly wind and solar power, hoping someday to rely on them completely and thus lower energy costs. The utility companies claim that although these sources require significant initial capital investment, they will provide stable energy supplies at low cost. As a result, these sources will be less risky for the utilities than non-renewable sources, such as gas, oil, and coal, whose prices can fluctuate dramatically according to availability. The claim of the utility companies presupposes which of the following?

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