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While there is no guarantee that increased investment in achieving energy independence will solve all of America’s unemployment problems, the results so far have demonstrated that it will definitely help the cause.   Under President Obama's watch, such increased investment has so far created 1.5 million jobs and has demonstrated the potential to create many more.
After a four-decade decline in oil production, the U.S. is now producing enough oil to serve more than half of our oil needs. This has the potential to free us from our addiction to foreign-sourced barrels, particularly if we utilize our dramatically larger and cheaper reserves of natural gas, which now costs the equivalent of less than $15 per barrel, versus the $100-plus per barrel of oil we import from the Middle East. The money saved by increased use of natural gas has helped in greater investments and has created more than 75,000 jobs domestically.
 
Moreover, the president’s policies have motivated companies to invest more in clean energy to the extent that American companies make over 75% of all venture investments in clean technologies. Overall, because of U.S. public and private investments in clean energy—including renewables, efficiency, transportation, and infrastructure—the clean economy grew by 8.3% from 2008 to 2009, even during the depths of the recession. Even though several technologies, such as solar power, are still not as cost-competitive as imported oil, expanding these clean-energy investments is good economics as they will help preserve and expand America's middle class, because energy investments are a particularly effective method of "insourcing" manufacturing jobs, which in turn spur jobs in invention, installation, and maintenance.
Q. The author of the passage is primarily concerned with
  • a)
    Demonstrating that increased investment in achieving energy independence will create more jobs.
  • b)
    Proving that the upside of investing in achieving energy independence is not limited to creating jobs.
  • c)
    Advocating that America must invest in alternate renewable energy  to attain Technology independence.
  • d)
    Proving that America can tackle unemployment by lowering the cost of foreign energy.
  • e)
    Lobbying for a greater proportion of GDP to be spent on achieving energy independence.
Correct answer is option 'A'. Can you explain this answer?
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While there is no guarantee that increased investment in achieving energy independence will solve all of Americas unemployment problems, the results so far have demonstrated that it will definitely help the cause. Under President Obamas watch, such increased investment has so far created 1.5 million jobs and has demonstrated the potential to create many more.After a four-decade decline in oil production, the U.S. is now producing enough oil to serve more than half of our oil needs. This has the potential to free us from our addiction to foreign-sourced barrels, particularly if we utilize our dramatically larger and cheaper reserves of natural gas, which now costs the equivalent of less than $15 per barrel, versus the $100-plus per barrel of oil we import from the Middle East. The money saved by increased use of natural gas has helped in greater investments and has created more than 75,000 jobs domestically.Moreover, the presidents policies have motivated companies to invest more in clean energy to the extent that American companies make over 75% of all venture investments in clean technologies. Overall, because of U.S. public and private investments in clean energyincluding renewables, efficiency, transportation, and infrastructurethe clean economy grew by 8.3% from 2008 to 2009, even during the depths of the recession. Even though several technologies, such as solar power, are still not as cost-competitive as imported oil, expanding these clean-energy investments is good economics as they will help preserve and expand Americas middle class, because energy investments are a particularly effective method of insourcing manufacturing jobs, which in turn spur jobs in invention, installation, and maintenance.From the passage which of the following can be inferred about imported oil?

Directions: Each multi-source reasoning question is based on a series of information contained in text, charts, or tables. For each practice you should examine the relevant information and select the best answer of the choices given. Article - 1 News article in an environmental publication. July 19 – If current trends continue, fossil fuels will be exhausted by 2052. Industry and transportation and the inability of governments to put stricter emissions regulations in place means that there will be a greater demand for alternative energy sources. Additionally, recent concerns about the high-cost of implementing new systems such as public transportation in industrialized areas has led many voters to actually strike down propositions to subsidize alternative fuel research. Article - 2 Interview with a well-known scientist. August 3 – Dr. Lisa Goodman, one of the team of architects behind several new battery-operated commercial vehicles, has criticized the government’s unwillingness to aggressively lobby voters to pass measures to reduce fossil fuel usage. She suggests that without a significant reduction in per-person fossil fuel consumption, the rate of global warming could soon increase threefold. “I know that voters continue to reject costly measures to reduce widespread fossil fuel consumption such as large-scale public transportation projects, and that politicians are naturally going to avoid stumping for unpopular policies. However, if something isn’t done soon, by 2055, a barrel of gasoline may become a luxury that only the rich can afford.” Article - 3 Article from a weekly news magazine. August 29 – The price of crude oil has jumped by 500% over the last decade as a decrease in supply has met with an increased demand. This demand has encouraged many new oil wells to launch in the Gulf of Mexico, and some American environmental groups have expressed concern that certain oil companies are not following the safest procedures, emphasizing that the companies are more concerned with the speed of extraction than the well-being of the ecosystem. Some scientists in the Gulf have called for an increase in safety regulations for oil companies drilling off the coast, but the companies warn that this may dramatically increase the cost of crude oil, at a time when many Americans are already struggling to pay the increased price. Consider each of the following statements. Does the information in the three articles support the inference as stated? Q.If the change in oil price continues trending in the exact same way, by 2055, the price of oil will be 2000% higher than where it is now.

Directions: Each multi-source reasoning question is based on a series of information contained in text, charts, or tables. For each practice you should examine the relevant information and select the best answer of the choices given. Article - 1 News article in an environmental publication. July 19 – If current trends continue, fossil fuels will be exhausted by 2052. Industry and transportation and the inability of governments to put stricter emissions regulations in place means that there will be a greater demand for alternative energy sources. Additionally, recent concerns about the high-cost of implementing new systems such as public transportation in industrialized areas has led many voters to actually strike down propositions to subsidize alternative fuel research. Article - 2 Interview with a well-known scientist. August 3 – Dr. Lisa Goodman, one of the team of architects behind several new battery-operated commercial vehicles, has criticized the government’s unwillingness to aggressively lobby voters to pass measures to reduce fossil fuel usage. She suggests that without a significant reduction in per-person fossil fuel consumption, the rate of global warming could soon increase threefold. “I know that voters continue to reject costly measures to reduce widespread fossil fuel consumption such as large-scale public transportation projects, and that politicians are naturally going to avoid stumping for unpopular policies. However, if something isn’t done soon, by 2055, a barrel of gasoline may become a luxury that only the rich can afford.” Article - 3 Article from a weekly news magazine. August 29 – The price of crude oil has jumped by 500% over the last decade as a decrease in supply has met with an increased demand. This demand has encouraged many new oil wells to launch in the Gulf of Mexico, and some American environmental groups have expressed concern that certain oil companies are not following the safest procedures, emphasizing that the companies are more concerned with the speed of extraction than the well-being of the ecosystem. Some scientists in the Gulf have called for an increase in safety regulations for oil companies drilling off the coast, but the companies warn that this may dramatically increase the cost of crude oil, at a time when many Americans are already struggling to pay the increased price. Consider each of the following statements. Does the information in the three articles support the inference as stated? Q.Dr. Goodman would likely support a public referendum on whether to require the oil companies to have better safety and ecological regulations.

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While there is no guarantee that increased investment in achieving energy independence will solve all of America’s unemployment problems, the results so far have demonstrated that it will definitely help the cause. Under President Obamas watch, such increased investment has so far created 1.5 million jobs and has demonstrated the potential to create many more.After a four-decade decline in oil production, the U.S. is now producing enough oil to serve more than half of our oil needs. This has the potential to free us from our addiction to foreign-sourced barrels, particularly if we utilize our dramatically larger and cheaper reserves of natural gas, which now costs the equivalent of less than $15 per barrel, versus the $100-plus per barrel of oil we import from the Middle East. The money saved by increased use of natural gas has helped in greater investments and has created more than 75,000 jobs domestically.Moreover, the president’s policies have motivated companies to invest more in clean energy to the extent that American companies make over 75% of all venture investments in clean technologies. Overall, because of U.S. public and private investments in clean energy—including renewables, efficiency, transportation, and infrastructure—the clean economy grew by 8.3% from 2008 to 2009, even during the depths of the recession. Even though several technologies, such as solar power, are still not as cost-competitive as imported oil, expanding these clean-energy investments is good economics as they will help preserve and expand Americas middle class, because energy investments are a particularly effective method of "insourcing" manufacturing jobs, which in turn spur jobs in invention, installation, and maintenance.Q. The author of the passage is primarily concerned witha)Demonstrating that increased investment in achieving energy independence will create more jobs.b)Proving that the upside of investing in achieving energy independence is not limited to creating jobs.c)Advocating that America must invest in alternate renewable energy to attain Technology independence.d)Proving that America can tackle unemployment by lowering the cost of foreign energy.e)Lobbying for a greater proportion of GDP to be spent on achieving energy independence.Correct answer is option 'A'. Can you explain this answer?
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While there is no guarantee that increased investment in achieving energy independence will solve all of America’s unemployment problems, the results so far have demonstrated that it will definitely help the cause. Under President Obamas watch, such increased investment has so far created 1.5 million jobs and has demonstrated the potential to create many more.After a four-decade decline in oil production, the U.S. is now producing enough oil to serve more than half of our oil needs. This has the potential to free us from our addiction to foreign-sourced barrels, particularly if we utilize our dramatically larger and cheaper reserves of natural gas, which now costs the equivalent of less than $15 per barrel, versus the $100-plus per barrel of oil we import from the Middle East. The money saved by increased use of natural gas has helped in greater investments and has created more than 75,000 jobs domestically.Moreover, the president’s policies have motivated companies to invest more in clean energy to the extent that American companies make over 75% of all venture investments in clean technologies. Overall, because of U.S. public and private investments in clean energy—including renewables, efficiency, transportation, and infrastructure—the clean economy grew by 8.3% from 2008 to 2009, even during the depths of the recession. Even though several technologies, such as solar power, are still not as cost-competitive as imported oil, expanding these clean-energy investments is good economics as they will help preserve and expand Americas middle class, because energy investments are a particularly effective method of "insourcing" manufacturing jobs, which in turn spur jobs in invention, installation, and maintenance.Q. The author of the passage is primarily concerned witha)Demonstrating that increased investment in achieving energy independence will create more jobs.b)Proving that the upside of investing in achieving energy independence is not limited to creating jobs.c)Advocating that America must invest in alternate renewable energy to attain Technology independence.d)Proving that America can tackle unemployment by lowering the cost of foreign energy.e)Lobbying for a greater proportion of GDP to be spent on achieving energy independence.Correct answer is option 'A'. 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 While there is no guarantee that increased investment in achieving energy independence will solve all of America’s unemployment problems, the results so far have demonstrated that it will definitely help the cause. Under President Obamas watch, such increased investment has so far created 1.5 million jobs and has demonstrated the potential to create many more.After a four-decade decline in oil production, the U.S. is now producing enough oil to serve more than half of our oil needs. This has the potential to free us from our addiction to foreign-sourced barrels, particularly if we utilize our dramatically larger and cheaper reserves of natural gas, which now costs the equivalent of less than $15 per barrel, versus the $100-plus per barrel of oil we import from the Middle East. The money saved by increased use of natural gas has helped in greater investments and has created more than 75,000 jobs domestically.Moreover, the president’s policies have motivated companies to invest more in clean energy to the extent that American companies make over 75% of all venture investments in clean technologies. Overall, because of U.S. public and private investments in clean energy—including renewables, efficiency, transportation, and infrastructure—the clean economy grew by 8.3% from 2008 to 2009, even during the depths of the recession. Even though several technologies, such as solar power, are still not as cost-competitive as imported oil, expanding these clean-energy investments is good economics as they will help preserve and expand Americas middle class, because energy investments are a particularly effective method of "insourcing" manufacturing jobs, which in turn spur jobs in invention, installation, and maintenance.Q. The author of the passage is primarily concerned witha)Demonstrating that increased investment in achieving energy independence will create more jobs.b)Proving that the upside of investing in achieving energy independence is not limited to creating jobs.c)Advocating that America must invest in alternate renewable energy to attain Technology independence.d)Proving that America can tackle unemployment by lowering the cost of foreign energy.e)Lobbying for a greater proportion of GDP to be spent on achieving energy independence.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for While there is no guarantee that increased investment in achieving energy independence will solve all of America’s unemployment problems, the results so far have demonstrated that it will definitely help the cause. Under President Obamas watch, such increased investment has so far created 1.5 million jobs and has demonstrated the potential to create many more.After a four-decade decline in oil production, the U.S. is now producing enough oil to serve more than half of our oil needs. This has the potential to free us from our addiction to foreign-sourced barrels, particularly if we utilize our dramatically larger and cheaper reserves of natural gas, which now costs the equivalent of less than $15 per barrel, versus the $100-plus per barrel of oil we import from the Middle East. The money saved by increased use of natural gas has helped in greater investments and has created more than 75,000 jobs domestically.Moreover, the president’s policies have motivated companies to invest more in clean energy to the extent that American companies make over 75% of all venture investments in clean technologies. Overall, because of U.S. public and private investments in clean energy—including renewables, efficiency, transportation, and infrastructure—the clean economy grew by 8.3% from 2008 to 2009, even during the depths of the recession. Even though several technologies, such as solar power, are still not as cost-competitive as imported oil, expanding these clean-energy investments is good economics as they will help preserve and expand Americas middle class, because energy investments are a particularly effective method of "insourcing" manufacturing jobs, which in turn spur jobs in invention, installation, and maintenance.Q. The author of the passage is primarily concerned witha)Demonstrating that increased investment in achieving energy independence will create more jobs.b)Proving that the upside of investing in achieving energy independence is not limited to creating jobs.c)Advocating that America must invest in alternate renewable energy to attain Technology independence.d)Proving that America can tackle unemployment by lowering the cost of foreign energy.e)Lobbying for a greater proportion of GDP to be spent on achieving energy independence.Correct answer is option 'A'. Can you explain this answer?.
Solutions for While there is no guarantee that increased investment in achieving energy independence will solve all of America’s unemployment problems, the results so far have demonstrated that it will definitely help the cause. Under President Obamas watch, such increased investment has so far created 1.5 million jobs and has demonstrated the potential to create many more.After a four-decade decline in oil production, the U.S. is now producing enough oil to serve more than half of our oil needs. This has the potential to free us from our addiction to foreign-sourced barrels, particularly if we utilize our dramatically larger and cheaper reserves of natural gas, which now costs the equivalent of less than $15 per barrel, versus the $100-plus per barrel of oil we import from the Middle East. The money saved by increased use of natural gas has helped in greater investments and has created more than 75,000 jobs domestically.Moreover, the president’s policies have motivated companies to invest more in clean energy to the extent that American companies make over 75% of all venture investments in clean technologies. Overall, because of U.S. public and private investments in clean energy—including renewables, efficiency, transportation, and infrastructure—the clean economy grew by 8.3% from 2008 to 2009, even during the depths of the recession. Even though several technologies, such as solar power, are still not as cost-competitive as imported oil, expanding these clean-energy investments is good economics as they will help preserve and expand Americas middle class, because energy investments are a particularly effective method of "insourcing" manufacturing jobs, which in turn spur jobs in invention, installation, and maintenance.Q. The author of the passage is primarily concerned witha)Demonstrating that increased investment in achieving energy independence will create more jobs.b)Proving that the upside of investing in achieving energy independence is not limited to creating jobs.c)Advocating that America must invest in alternate renewable energy to attain Technology independence.d)Proving that America can tackle unemployment by lowering the cost of foreign energy.e)Lobbying for a greater proportion of GDP to be spent on achieving energy independence.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT. Download more important topics, notes, lectures and mock test series for GMAT Exam by signing up for free.
Here you can find the meaning of While there is no guarantee that increased investment in achieving energy independence will solve all of America’s unemployment problems, the results so far have demonstrated that it will definitely help the cause. Under President Obamas watch, such increased investment has so far created 1.5 million jobs and has demonstrated the potential to create many more.After a four-decade decline in oil production, the U.S. is now producing enough oil to serve more than half of our oil needs. This has the potential to free us from our addiction to foreign-sourced barrels, particularly if we utilize our dramatically larger and cheaper reserves of natural gas, which now costs the equivalent of less than $15 per barrel, versus the $100-plus per barrel of oil we import from the Middle East. The money saved by increased use of natural gas has helped in greater investments and has created more than 75,000 jobs domestically.Moreover, the president’s policies have motivated companies to invest more in clean energy to the extent that American companies make over 75% of all venture investments in clean technologies. Overall, because of U.S. public and private investments in clean energy—including renewables, efficiency, transportation, and infrastructure—the clean economy grew by 8.3% from 2008 to 2009, even during the depths of the recession. Even though several technologies, such as solar power, are still not as cost-competitive as imported oil, expanding these clean-energy investments is good economics as they will help preserve and expand Americas middle class, because energy investments are a particularly effective method of "insourcing" manufacturing jobs, which in turn spur jobs in invention, installation, and maintenance.Q. The author of the passage is primarily concerned witha)Demonstrating that increased investment in achieving energy independence will create more jobs.b)Proving that the upside of investing in achieving energy independence is not limited to creating jobs.c)Advocating that America must invest in alternate renewable energy to attain Technology independence.d)Proving that America can tackle unemployment by lowering the cost of foreign energy.e)Lobbying for a greater proportion of GDP to be spent on achieving energy independence.Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of While there is no guarantee that increased investment in achieving energy independence will solve all of America’s unemployment problems, the results so far have demonstrated that it will definitely help the cause. Under President Obamas watch, such increased investment has so far created 1.5 million jobs and has demonstrated the potential to create many more.After a four-decade decline in oil production, the U.S. is now producing enough oil to serve more than half of our oil needs. This has the potential to free us from our addiction to foreign-sourced barrels, particularly if we utilize our dramatically larger and cheaper reserves of natural gas, which now costs the equivalent of less than $15 per barrel, versus the $100-plus per barrel of oil we import from the Middle East. The money saved by increased use of natural gas has helped in greater investments and has created more than 75,000 jobs domestically.Moreover, the president’s policies have motivated companies to invest more in clean energy to the extent that American companies make over 75% of all venture investments in clean technologies. Overall, because of U.S. public and private investments in clean energy—including renewables, efficiency, transportation, and infrastructure—the clean economy grew by 8.3% from 2008 to 2009, even during the depths of the recession. Even though several technologies, such as solar power, are still not as cost-competitive as imported oil, expanding these clean-energy investments is good economics as they will help preserve and expand Americas middle class, because energy investments are a particularly effective method of "insourcing" manufacturing jobs, which in turn spur jobs in invention, installation, and maintenance.Q. The author of the passage is primarily concerned witha)Demonstrating that increased investment in achieving energy independence will create more jobs.b)Proving that the upside of investing in achieving energy independence is not limited to creating jobs.c)Advocating that America must invest in alternate renewable energy to attain Technology independence.d)Proving that America can tackle unemployment by lowering the cost of foreign energy.e)Lobbying for a greater proportion of GDP to be spent on achieving energy independence.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for While there is no guarantee that increased investment in achieving energy independence will solve all of America’s unemployment problems, the results so far have demonstrated that it will definitely help the cause. Under President Obamas watch, such increased investment has so far created 1.5 million jobs and has demonstrated the potential to create many more.After a four-decade decline in oil production, the U.S. is now producing enough oil to serve more than half of our oil needs. This has the potential to free us from our addiction to foreign-sourced barrels, particularly if we utilize our dramatically larger and cheaper reserves of natural gas, which now costs the equivalent of less than $15 per barrel, versus the $100-plus per barrel of oil we import from the Middle East. The money saved by increased use of natural gas has helped in greater investments and has created more than 75,000 jobs domestically.Moreover, the president’s policies have motivated companies to invest more in clean energy to the extent that American companies make over 75% of all venture investments in clean technologies. Overall, because of U.S. public and private investments in clean energy—including renewables, efficiency, transportation, and infrastructure—the clean economy grew by 8.3% from 2008 to 2009, even during the depths of the recession. Even though several technologies, such as solar power, are still not as cost-competitive as imported oil, expanding these clean-energy investments is good economics as they will help preserve and expand Americas middle class, because energy investments are a particularly effective method of "insourcing" manufacturing jobs, which in turn spur jobs in invention, installation, and maintenance.Q. The author of the passage is primarily concerned witha)Demonstrating that increased investment in achieving energy independence will create more jobs.b)Proving that the upside of investing in achieving energy independence is not limited to creating jobs.c)Advocating that America must invest in alternate renewable energy to attain Technology independence.d)Proving that America can tackle unemployment by lowering the cost of foreign energy.e)Lobbying for a greater proportion of GDP to be spent on achieving energy independence.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of While there is no guarantee that increased investment in achieving energy independence will solve all of America’s unemployment problems, the results so far have demonstrated that it will definitely help the cause. Under President Obamas watch, such increased investment has so far created 1.5 million jobs and has demonstrated the potential to create many more.After a four-decade decline in oil production, the U.S. is now producing enough oil to serve more than half of our oil needs. This has the potential to free us from our addiction to foreign-sourced barrels, particularly if we utilize our dramatically larger and cheaper reserves of natural gas, which now costs the equivalent of less than $15 per barrel, versus the $100-plus per barrel of oil we import from the Middle East. The money saved by increased use of natural gas has helped in greater investments and has created more than 75,000 jobs domestically.Moreover, the president’s policies have motivated companies to invest more in clean energy to the extent that American companies make over 75% of all venture investments in clean technologies. Overall, because of U.S. public and private investments in clean energy—including renewables, efficiency, transportation, and infrastructure—the clean economy grew by 8.3% from 2008 to 2009, even during the depths of the recession. Even though several technologies, such as solar power, are still not as cost-competitive as imported oil, expanding these clean-energy investments is good economics as they will help preserve and expand Americas middle class, because energy investments are a particularly effective method of "insourcing" manufacturing jobs, which in turn spur jobs in invention, installation, and maintenance.Q. The author of the passage is primarily concerned witha)Demonstrating that increased investment in achieving energy independence will create more jobs.b)Proving that the upside of investing in achieving energy independence is not limited to creating jobs.c)Advocating that America must invest in alternate renewable energy to attain Technology independence.d)Proving that America can tackle unemployment by lowering the cost of foreign energy.e)Lobbying for a greater proportion of GDP to be spent on achieving energy independence.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice While there is no guarantee that increased investment in achieving energy independence will solve all of America’s unemployment problems, the results so far have demonstrated that it will definitely help the cause. Under President Obamas watch, such increased investment has so far created 1.5 million jobs and has demonstrated the potential to create many more.After a four-decade decline in oil production, the U.S. is now producing enough oil to serve more than half of our oil needs. This has the potential to free us from our addiction to foreign-sourced barrels, particularly if we utilize our dramatically larger and cheaper reserves of natural gas, which now costs the equivalent of less than $15 per barrel, versus the $100-plus per barrel of oil we import from the Middle East. The money saved by increased use of natural gas has helped in greater investments and has created more than 75,000 jobs domestically.Moreover, the president’s policies have motivated companies to invest more in clean energy to the extent that American companies make over 75% of all venture investments in clean technologies. Overall, because of U.S. public and private investments in clean energy—including renewables, efficiency, transportation, and infrastructure—the clean economy grew by 8.3% from 2008 to 2009, even during the depths of the recession. Even though several technologies, such as solar power, are still not as cost-competitive as imported oil, expanding these clean-energy investments is good economics as they will help preserve and expand Americas middle class, because energy investments are a particularly effective method of "insourcing" manufacturing jobs, which in turn spur jobs in invention, installation, and maintenance.Q. The author of the passage is primarily concerned witha)Demonstrating that increased investment in achieving energy independence will create more jobs.b)Proving that the upside of investing in achieving energy independence is not limited to creating jobs.c)Advocating that America must invest in alternate renewable energy to attain Technology independence.d)Proving that America can tackle unemployment by lowering the cost of foreign energy.e)Lobbying for a greater proportion of GDP to be spent on achieving energy independence.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice GMAT tests.
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