Review Questions #1 1 A) T/F. Gasoline blends used in any particular city vary s

Question

Review Questions #1

1 A) T/F. Gasoline blends used in any particular city vary substantially across the major retail brands; e.g. Esso branded gasoline is substantially different in its chemical composition that PetroCanada gasoline.

B)     T/F. For most of the 20th century, there has been a shortage of production capacity for crude oil. This explains the high gasoline price increases of 1973 and 1979–80.

C) T/F. Asia, as a region, is the largest refiner of motor gasoline in the world.

D) T/F. In most of the world mineral rights are privately held.

E) T/F: Most counties with large refining capacity import crude oil and export refined petroleum products.

F) T/F: With a population of over 1 billion, China today has the highest oil consumption of any country in the world.

Explanation / Answer

a) "False"

The chemical composition is same across gas station or it will be really harmfull for the cars engine.

b) "False"

its artificial scarcity created to increase the price of the oil.

c) "True"

Asia is the largest refiner or oil in the world.

d) "false" it is held by the government.

e) "True" they import crude and export oil.

f) "False"

it the US who is the largest consumer of oil consuming over 18% of daily oil consumption around the world.

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