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A recent report from the International Energy Agency (IEA) on international oil supplies indicates that oil prices could increase to over $100 a barrel because of the global energy shortage. The International Energy Agency, an organization representing the 26 nations of the Organization for Economic Cooperation and Development (OECD), is generally considered a reliable indicator of international energy supplies. In a distinct change from its former reports, the IEA has suggested in its recent report that world governments need to make urgent revisions on energy-related policies if a global energy crisis is to be avoided.
According to the report, the reason for the IEA's warning is its anticipation that economic progress will increase global energy demands by about 50% in the next fifteen years. The majority of this demand is expected to come from China and India, which will be accountable for over 60 percent of carbon emissions, the chief reason for global warming, by 2030. Another reason stated for the IEA’s cautionary notice is that the number of oil suppliers is steadily decreasing. Since oil deposits in the North Sea region will soon be exhausted, countries supplying oil will be limited to those in the Gulf of Persia.
The government can address this imminent crisis through just one policy change.  A team of Harvard analysts has predicted that if oil production is considerably expanded, oil prices could fall in the next decade. The team maintains that if previously under-utilized sources of oil are harnessed and more funding is provided for the setting up of new local refineries, the impending crisis could be avoided.
Which of the following best describes the author’s main purpose behind sharing the opinions of the team of Harvard analysts?
  • a)
    To suggest that the IEA might have wrongly preempted an impending crisis
  • b)
    To give information about the possible sources of oil supply 
  • c)
    To share an opinion that could be superior to the one stated by the IEA about the supply of oil
  • d)
    To bring out an inherent contradiction in the IEA’s prediction of oil deposits
  • e)
    To suggest one way in which the oil supply crisis can be averted. 
Correct answer is option 'E'. Can you explain this answer?
Verified Answer
A recent report from the International Energy Agency (IEA) on internat...
Passage Analysis
 
Summary and Main Point
 
 
This is a Detail oriented Function question. As discussed in the passage analysis, the author indicates that the crisis can be avoided by making just one policy change.  He backs this up by using the opinions of the team of Harvard analysts.
Answer Choices
A
To suggest that the IEA might have wrongly preempted an impending crisis
Incorrect: Out of Scope
First of all, the author does not give/suggest any personal opinion on the IEA’s understanding of the crisis. Secondly, both the Harvard team of analysts and the IEA agree that a crisis is impending. 
B
To give information about the possible sources of oil supply 
Incorrect: Inconsistent
First of all, there is no specific information given about where all the oil supply could come from. There is indeed a mention of possibly increasing oil supply. But this information is given to us to serve a broader purpose. The author wants to share a way with which the crisis can be avoided.
C
To share an opinion that could be superior to the one stated by the IEA about the supply of oil
Incorrect: Out of Scope
The author does not suggest any supremacy of opinions/authority in the passage.
D
To bring out an inherent contradiction in the IEA’s prediction of oil deposits
Incorrect: Out of Scope
There is no inherent contradiction anywhere in the passage, leave alone IEA’s prediction.
E
To suggest one way in which the oil supply crisis can be averted. 
Correct
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A recent report from the International Energy Agency (IEA) on international oil supplies indicates that oil prices could increase to over $100 a barrel because of the global energy shortage. The International Energy Agency, an organization representing the 26 nations of the Organization for Economic Cooperation and Development (OECD), is generally considered a reliable indicator of international energy supplies. In a distinct change from its former reports, the IEA has suggested in its recent report that world governments need to make urgent revisions on energy-related policies if a global energy crisis is to be avoided.According to the report, the reason for the IEA's warning is its anticipation that economic progress will increase global energy demands by about 50% in the next fifteen years. The majority of this demand is expected to come from China and India, which will be accountable for over 60 percent of carbon emissions, the chief reason for global warming, by 2030. Another reason stated for the IEA’s cautionary notice is that the number of oil suppliers is steadily decreasing. Since oil deposits in the North Sea region will soon be exhausted, countries supplying oil will be limited to those in the Gulf of Persia.The government can address this imminent crisis through just one policy change. A team of Harvard analysts has predicted that if oil production is considerably expanded, oil prices could fall in the next decade. The team maintains that if previously under-utilized sources of oil are harnessed and more funding is provided for the setting up of new local refineries, the impending crisis could be avoided.Which of the following best describes the author’s main purpose behind sharing the opinions of the team of Harvard analysts?a)To suggest that the IEA might have wrongly preempted an impending crisisb)To give information about the possible sources of oil supplyc)To share an opinion that could be superior to the one stated by the IEA about the supply of oild)To bring out an inherent contradiction in the IEA’s prediction of oil depositse)To suggest one way in which the oil supply crisis can be averted.Correct answer is option 'E'. Can you explain this answer?
Question Description
A recent report from the International Energy Agency (IEA) on international oil supplies indicates that oil prices could increase to over $100 a barrel because of the global energy shortage. The International Energy Agency, an organization representing the 26 nations of the Organization for Economic Cooperation and Development (OECD), is generally considered a reliable indicator of international energy supplies. In a distinct change from its former reports, the IEA has suggested in its recent report that world governments need to make urgent revisions on energy-related policies if a global energy crisis is to be avoided.According to the report, the reason for the IEA's warning is its anticipation that economic progress will increase global energy demands by about 50% in the next fifteen years. The majority of this demand is expected to come from China and India, which will be accountable for over 60 percent of carbon emissions, the chief reason for global warming, by 2030. Another reason stated for the IEA’s cautionary notice is that the number of oil suppliers is steadily decreasing. Since oil deposits in the North Sea region will soon be exhausted, countries supplying oil will be limited to those in the Gulf of Persia.The government can address this imminent crisis through just one policy change. A team of Harvard analysts has predicted that if oil production is considerably expanded, oil prices could fall in the next decade. The team maintains that if previously under-utilized sources of oil are harnessed and more funding is provided for the setting up of new local refineries, the impending crisis could be avoided.Which of the following best describes the author’s main purpose behind sharing the opinions of the team of Harvard analysts?a)To suggest that the IEA might have wrongly preempted an impending crisisb)To give information about the possible sources of oil supplyc)To share an opinion that could be superior to the one stated by the IEA about the supply of oild)To bring out an inherent contradiction in the IEA’s prediction of oil depositse)To suggest one way in which the oil supply crisis can be averted.Correct answer is option 'E'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about A recent report from the International Energy Agency (IEA) on international oil supplies indicates that oil prices could increase to over $100 a barrel because of the global energy shortage. The International Energy Agency, an organization representing the 26 nations of the Organization for Economic Cooperation and Development (OECD), is generally considered a reliable indicator of international energy supplies. In a distinct change from its former reports, the IEA has suggested in its recent report that world governments need to make urgent revisions on energy-related policies if a global energy crisis is to be avoided.According to the report, the reason for the IEA's warning is its anticipation that economic progress will increase global energy demands by about 50% in the next fifteen years. The majority of this demand is expected to come from China and India, which will be accountable for over 60 percent of carbon emissions, the chief reason for global warming, by 2030. Another reason stated for the IEA’s cautionary notice is that the number of oil suppliers is steadily decreasing. Since oil deposits in the North Sea region will soon be exhausted, countries supplying oil will be limited to those in the Gulf of Persia.The government can address this imminent crisis through just one policy change. A team of Harvard analysts has predicted that if oil production is considerably expanded, oil prices could fall in the next decade. The team maintains that if previously under-utilized sources of oil are harnessed and more funding is provided for the setting up of new local refineries, the impending crisis could be avoided.Which of the following best describes the author’s main purpose behind sharing the opinions of the team of Harvard analysts?a)To suggest that the IEA might have wrongly preempted an impending crisisb)To give information about the possible sources of oil supplyc)To share an opinion that could be superior to the one stated by the IEA about the supply of oild)To bring out an inherent contradiction in the IEA’s prediction of oil depositse)To suggest one way in which the oil supply crisis can be averted.Correct answer is option 'E'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A recent report from the International Energy Agency (IEA) on international oil supplies indicates that oil prices could increase to over $100 a barrel because of the global energy shortage. The International Energy Agency, an organization representing the 26 nations of the Organization for Economic Cooperation and Development (OECD), is generally considered a reliable indicator of international energy supplies. In a distinct change from its former reports, the IEA has suggested in its recent report that world governments need to make urgent revisions on energy-related policies if a global energy crisis is to be avoided.According to the report, the reason for the IEA's warning is its anticipation that economic progress will increase global energy demands by about 50% in the next fifteen years. The majority of this demand is expected to come from China and India, which will be accountable for over 60 percent of carbon emissions, the chief reason for global warming, by 2030. Another reason stated for the IEA’s cautionary notice is that the number of oil suppliers is steadily decreasing. Since oil deposits in the North Sea region will soon be exhausted, countries supplying oil will be limited to those in the Gulf of Persia.The government can address this imminent crisis through just one policy change. A team of Harvard analysts has predicted that if oil production is considerably expanded, oil prices could fall in the next decade. The team maintains that if previously under-utilized sources of oil are harnessed and more funding is provided for the setting up of new local refineries, the impending crisis could be avoided.Which of the following best describes the author’s main purpose behind sharing the opinions of the team of Harvard analysts?a)To suggest that the IEA might have wrongly preempted an impending crisisb)To give information about the possible sources of oil supplyc)To share an opinion that could be superior to the one stated by the IEA about the supply of oild)To bring out an inherent contradiction in the IEA’s prediction of oil depositse)To suggest one way in which the oil supply crisis can be averted.Correct answer is option 'E'. Can you explain this answer?.
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The majority of this demand is expected to come from China and India, which will be accountable for over 60 percent of carbon emissions, the chief reason for global warming, by 2030. Another reason stated for the IEA’s cautionary notice is that the number of oil suppliers is steadily decreasing. Since oil deposits in the North Sea region will soon be exhausted, countries supplying oil will be limited to those in the Gulf of Persia.The government can address this imminent crisis through just one policy change. A team of Harvard analysts has predicted that if oil production is considerably expanded, oil prices could fall in the next decade. The team maintains that if previously under-utilized sources of oil are harnessed and more funding is provided for the setting up of new local refineries, the impending crisis could be avoided.Which of the following best describes the author’s main purpose behind sharing the opinions of the team of Harvard analysts?a)To suggest that the IEA might have wrongly preempted an impending crisisb)To give information about the possible sources of oil supplyc)To share an opinion that could be superior to the one stated by the IEA about the supply of oild)To bring out an inherent contradiction in the IEA’s prediction of oil depositse)To suggest one way in which the oil supply crisis can be averted.Correct answer is option 'E'. Can you explain this answer? defined & explained in the simplest way possible. 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The majority of this demand is expected to come from China and India, which will be accountable for over 60 percent of carbon emissions, the chief reason for global warming, by 2030. Another reason stated for the IEA’s cautionary notice is that the number of oil suppliers is steadily decreasing. Since oil deposits in the North Sea region will soon be exhausted, countries supplying oil will be limited to those in the Gulf of Persia.The government can address this imminent crisis through just one policy change. A team of Harvard analysts has predicted that if oil production is considerably expanded, oil prices could fall in the next decade. The team maintains that if previously under-utilized sources of oil are harnessed and more funding is provided for the setting up of new local refineries, the impending crisis could be avoided.Which of the following best describes the author’s main purpose behind sharing the opinions of the team of Harvard analysts?a)To suggest that the IEA might have wrongly preempted an impending crisisb)To give information about the possible sources of oil supplyc)To share an opinion that could be superior to the one stated by the IEA about the supply of oild)To bring out an inherent contradiction in the IEA’s prediction of oil depositse)To suggest one way in which the oil supply crisis can be averted.Correct answer is option 'E'. Can you explain this answer?, a detailed solution for A recent report from the International Energy Agency (IEA) on international oil supplies indicates that oil prices could increase to over $100 a barrel because of the global energy shortage. The International Energy Agency, an organization representing the 26 nations of the Organization for Economic Cooperation and Development (OECD), is generally considered a reliable indicator of international energy supplies. In a distinct change from its former reports, the IEA has suggested in its recent report that world governments need to make urgent revisions on energy-related policies if a global energy crisis is to be avoided.According to the report, the reason for the IEA's warning is its anticipation that economic progress will increase global energy demands by about 50% in the next fifteen years. The majority of this demand is expected to come from China and India, which will be accountable for over 60 percent of carbon emissions, the chief reason for global warming, by 2030. Another reason stated for the IEA’s cautionary notice is that the number of oil suppliers is steadily decreasing. Since oil deposits in the North Sea region will soon be exhausted, countries supplying oil will be limited to those in the Gulf of Persia.The government can address this imminent crisis through just one policy change. A team of Harvard analysts has predicted that if oil production is considerably expanded, oil prices could fall in the next decade. The team maintains that if previously under-utilized sources of oil are harnessed and more funding is provided for the setting up of new local refineries, the impending crisis could be avoided.Which of the following best describes the author’s main purpose behind sharing the opinions of the team of Harvard analysts?a)To suggest that the IEA might have wrongly preempted an impending crisisb)To give information about the possible sources of oil supplyc)To share an opinion that could be superior to the one stated by the IEA about the supply of oild)To bring out an inherent contradiction in the IEA’s prediction of oil depositse)To suggest one way in which the oil supply crisis can be averted.Correct answer is option 'E'. Can you explain this answer? has been provided alongside types of A recent report from the International Energy Agency (IEA) on international oil supplies indicates that oil prices could increase to over $100 a barrel because of the global energy shortage. The International Energy Agency, an organization representing the 26 nations of the Organization for Economic Cooperation and Development (OECD), is generally considered a reliable indicator of international energy supplies. In a distinct change from its former reports, the IEA has suggested in its recent report that world governments need to make urgent revisions on energy-related policies if a global energy crisis is to be avoided.According to the report, the reason for the IEA's warning is its anticipation that economic progress will increase global energy demands by about 50% in the next fifteen years. The majority of this demand is expected to come from China and India, which will be accountable for over 60 percent of carbon emissions, the chief reason for global warming, by 2030. Another reason stated for the IEA’s cautionary notice is that the number of oil suppliers is steadily decreasing. Since oil deposits in the North Sea region will soon be exhausted, countries supplying oil will be limited to those in the Gulf of Persia.The government can address this imminent crisis through just one policy change. A team of Harvard analysts has predicted that if oil production is considerably expanded, oil prices could fall in the next decade. The team maintains that if previously under-utilized sources of oil are harnessed and more funding is provided for the setting up of new local refineries, the impending crisis could be avoided.Which of the following best describes the author’s main purpose behind sharing the opinions of the team of Harvard analysts?a)To suggest that the IEA might have wrongly preempted an impending crisisb)To give information about the possible sources of oil supplyc)To share an opinion that could be superior to the one stated by the IEA about the supply of oild)To bring out an inherent contradiction in the IEA’s prediction of oil depositse)To suggest one way in which the oil supply crisis can be averted.Correct answer is option 'E'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A recent report from the International Energy Agency (IEA) on international oil supplies indicates that oil prices could increase to over $100 a barrel because of the global energy shortage. The International Energy Agency, an organization representing the 26 nations of the Organization for Economic Cooperation and Development (OECD), is generally considered a reliable indicator of international energy supplies. In a distinct change from its former reports, the IEA has suggested in its recent report that world governments need to make urgent revisions on energy-related policies if a global energy crisis is to be avoided.According to the report, the reason for the IEA's warning is its anticipation that economic progress will increase global energy demands by about 50% in the next fifteen years. The majority of this demand is expected to come from China and India, which will be accountable for over 60 percent of carbon emissions, the chief reason for global warming, by 2030. Another reason stated for the IEA’s cautionary notice is that the number of oil suppliers is steadily decreasing. Since oil deposits in the North Sea region will soon be exhausted, countries supplying oil will be limited to those in the Gulf of Persia.The government can address this imminent crisis through just one policy change. A team of Harvard analysts has predicted that if oil production is considerably expanded, oil prices could fall in the next decade. The team maintains that if previously under-utilized sources of oil are harnessed and more funding is provided for the setting up of new local refineries, the impending crisis could be avoided.Which of the following best describes the author’s main purpose behind sharing the opinions of the team of Harvard analysts?a)To suggest that the IEA might have wrongly preempted an impending crisisb)To give information about the possible sources of oil supplyc)To share an opinion that could be superior to the one stated by the IEA about the supply of oild)To bring out an inherent contradiction in the IEA’s prediction of oil depositse)To suggest one way in which the oil supply crisis can be averted.Correct answer is option 'E'. Can you explain this answer? tests, examples and also practice GMAT tests.
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