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Chapter 3: Energy Quiz
Test your knowledge of the energy chapter material!
1 / 10
What are oil futures?
Answer can be found on page 37.
2 / 10
What is another name for hydraulic fracturing?
Answer can be found on page 34.
3 / 10
Which of the following is not used to make biofuels?
Biofuels are made out of (recently) living organisms – such as plants and animals. Traditional biofuels are ethanol made out of sugar cane or corn, and biodiesel is made of soy, animal fat, or palm oil. Cellulosic biofuels are the next generation: produced en masse from vegetable waste.
4 / 10
Which two of the following are considered to have revived the U.S. oil industry?
5 / 10
Where is the largest refining hub in the U.S. located?
The largest refining hub in the U.S. is located in the Texas-Louisiana coast, but there are smaller hubs all over the country.
6 / 10
True or false: The prices of things like coal, nuclear power, natural gas, and other related commodities can be indicators of whether power prices will go up or down.
Answer can be found on page 35.
Energy prices are heavily influenced by supply and demand.
7 / 10
What states have the largest crude oil reserves within the U.S.?
Answer can be found on page 31.
8 / 10
True or false: Energy production and consumption accounts for a large share of the gasses many scientists blame for climate change.
Answer can be found on page 30.
9 / 10
True or false: Some of the biggest, especially in the oil sector, are owned and run by national governments.
Some of these national governments are heavily reliant on revenue from oil and therefore have formed groups – such as the Organization of Petroleum Exporting Countries (OPEC) – to try to maintain prices at a level that will bring them plenty of profit, but that is not so high that it will depress the economies of consuming countries.
10 / 10
Which of the following might a utility company belong to?
Answer can be found on page 32.
Some utilities, like Seattle City Light, are owned by municipalities. Others, like Dynegy Inc., are publicly traded. And others, such as TXU or Puget Sound Energy, belong to private equity firms.
Your score is
The average score is 90%
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