Here are the answers to the quiz from Friday. Don’t forget to vote tomorrow. Like my Dad says if you don’t vote then you can’t complain.
1. Next week the $$ remains strong and gains ground in many currencies. The price of oil would…
Decrease. Oil is priced in $$ and with a strong one then we get more bang for our bucks.
2. The stock market continues it’s slump and bad news comes every day. Oil prices would most likely …
Decrease. The stock market reflects the economy - with a down economy people will use less oil.
3. Opec decides to cut production… normally this would make oil prices ….
Increase. Less supply would normally mean an increase of prices… although lately this hasn’t worked out very well for OPEC.
4. Long range forecasts are out. The winter will be a bad one. This news would usually make oil prices…
Increase. More demand for fuels for fuel would equal less oil that could be made into gas.
5. Who do we import most of our oil from….
If you guessed Saudia Arabia you would be wrong. We import the most oil from Canada.
Have a wonderful Monday.
