Misconceptions/Myths About Oil & Gas
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Questions and Answers

True or False: The world is on the brink of running out of oil.

False (B)

True or False: Renewable energy sources are becoming increasingly competitive.

True (A)

True or False: All oil spills have catastrophic and irreversible consequences.

False (B)

True or False: The world is entirely dependent on oil and gas for its energy needs

<p>False (B)</p> Signup and view all the answers

True or False: The oil and gas industry universally resists technological innovation.

<p>False (B)</p> Signup and view all the answers

True or False: All oil and gas operations contribute equally to greenhouse gas emissions.

<p>False (B)</p> Signup and view all the answers

True or False: Oil prices always follow a predictable trend of either rising or falling.

<p>False (B)</p> Signup and view all the answers

True or False: The entire oil and gas industry is indifferent to environmental concerns.

<p>False (B)</p> Signup and view all the answers

True or False: The transition from fossil fuels to renewable energy can happen overnight.

<p>False (B)</p> Signup and view all the answers

True or False: Unconventional sources can meet the world's energy demands indefinitely.

<p>False (B)</p> Signup and view all the answers

True or False: Americans are the biggest consumers of the most oil in the world.

<p>True (A)</p> Signup and view all the answers

True or False: All oil companies consistently make exorbitant profits.

<p>False (B)</p> Signup and view all the answers

Flashcards

World running out of oil

The world is not on the brink of running out of oil.

Renewable energy competitiveness

Renewable energy sources are becoming increasingly competitive with fossil fuels.

Oil spills consequences

Not all oil spills have catastrophic and irreversible consequences.

Dependence on oil and gas

The world is not entirely dependent on oil and gas for energy needs.

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Innovation in oil and gas industry

The oil and gas industry does not universally resist technological innovation.

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Greenhouse gas emissions

Not all oil and gas operations contribute equally to greenhouse gas emissions.

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Oil prices trends

Oil prices do not always follow a predictable trend of rising or falling.

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Environmental concerns in oil industry

The entire oil and gas industry is not indifferent to environmental concerns.

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Transition to renewable energy

The transition from fossil fuels to renewable energy cannot happen overnight.

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Unconventional energy sources

Unconventional sources cannot meet the world's energy demands indefinitely.

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American oil consumption

Americans are the biggest consumers of oil in the world.

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Oil companies profits

Not all oil companies consistently make exorbitant profits.

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