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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 can be derived on the basis of the information given in the passage?a)The IEA probably believes that it is unlikely that there will be increased funding for the setting up of new local refineries.b)The new report reflects a change in the IEA’s stated position on the global energy crisis.c)The increased oil consumption in India and China will reduce the amount of oil that is available for other countries and hence retard their economic progress.d)Oil prices will decrease if previously unused sources of oil are harnessed.e)World governments are not taking any tangible steps to avoid the oil crisis.Correct answer is option 'B'. 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 can be derived on the basis of the information given in the passage?a)The IEA probably believes that it is unlikely that there will be increased funding for the setting up of new local refineries.b)The new report reflects a change in the IEA’s stated position on the global energy crisis.c)The increased oil consumption in India and China will reduce the amount of oil that is available for other countries and hence retard their economic progress.d)Oil prices will decrease if previously unused sources of oil are harnessed.e)World governments are not taking any tangible steps to avoid the oil crisis.Correct answer is option 'B'. 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 can be derived on the basis of the information given in the passage?a)The IEA probably believes that it is unlikely that there will be increased funding for the setting up of new local refineries.b)The new report reflects a change in the IEA’s stated position on the global energy crisis.c)The increased oil consumption in India and China will reduce the amount of oil that is available for other countries and hence retard their economic progress.d)Oil prices will decrease if previously unused sources of oil are harnessed.e)World governments are not taking any tangible steps to avoid the oil crisis.Correct answer is option 'B'. Can you explain this answer?.

Solutions 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 can be derived on the basis of the information given in the passage?a)The IEA probably believes that it is unlikely that there will be increased funding for the setting up of new local refineries.b)The new report reflects a change in the IEA’s stated position on the global energy crisis.c)The increased oil consumption in India and China will reduce the amount of oil that is available for other countries and hence retard their economic progress.d)Oil prices will decrease if previously unused sources of oil are harnessed.e)World governments are not taking any tangible steps to avoid the oil crisis.Correct answer is option 'B'. 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 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 can be derived on the basis of the information given in the passage?a)The IEA probably believes that it is unlikely that there will be increased funding for the setting up of new local refineries.b)The new report reflects a change in the IEA’s stated position on the global energy crisis.c)The increased oil consumption in India and China will reduce the amount of oil that is available for other countries and hence retard their economic progress.d)Oil prices will decrease if previously unused sources of oil are harnessed.e)World governments are not taking any tangible steps to avoid the oil crisis.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation 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 can be derived on the basis of the information given in the passage?a)The IEA probably believes that it is unlikely that there will be increased funding for the setting up of new local refineries.b)The new report reflects a change in the IEA’s stated position on the global energy crisis.c)The increased oil consumption in India and China will reduce the amount of oil that is available for other countries and hence retard their economic progress.d)Oil prices will decrease if previously unused sources of oil are harnessed.e)World governments are not taking any tangible steps to avoid the oil crisis.Correct answer is option 'B'. 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 can be derived on the basis of the information given in the passage?a)The IEA probably believes that it is unlikely that there will be increased funding for the setting up of new local refineries.b)The new report reflects a change in the IEA’s stated position on the global energy crisis.c)The increased oil consumption in India and China will reduce the amount of oil that is available for other countries and hence retard their economic progress.d)Oil prices will decrease if previously unused sources of oil are harnessed.e)World governments are not taking any tangible steps to avoid the oil crisis.Correct answer is option 'B'. 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 can be derived on the basis of the information given in the passage?a)The IEA probably believes that it is unlikely that there will be increased funding for the setting up of new local refineries.b)The new report reflects a change in the IEA’s stated position on the global energy crisis.c)The increased oil consumption in India and China will reduce the amount of oil that is available for other countries and hence retard their economic progress.d)Oil prices will decrease if previously unused sources of oil are harnessed.e)World governments are not taking any tangible steps to avoid the oil crisis.Correct answer is option 'B'. 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 can be derived on the basis of the information given in the passage?a)The IEA probably believes that it is unlikely that there will be increased funding for the setting up of new local refineries.b)The new report reflects a change in the IEA’s stated position on the global energy crisis.c)The increased oil consumption in India and China will reduce the amount of oil that is available for other countries and hence retard their economic progress.d)Oil prices will decrease if previously unused sources of oil are harnessed.e)World governments are not taking any tangible steps to avoid the oil crisis.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice GMAT tests.