Question 3 of0-The graph below provides information about world oil supplies in 2007.70100069%60ReservesProduction67%900s00H Consumption5070048%60044%50029%40024%300R 2008%9%1002%U.S.OPECRest of WorldSeurce Public Domain/US. Department of EnergyHow has the relationship between ol reserves, production, and consumption influenced United States foreign policy?The United States contributes humanitarian aid to Central Atrican countries.OTH United States maintains military bases in Westem European countriesThe United States is committed to trade relations with Central Asian countries.O The United States is interested in maintaining stablity in Middie Eastem countries.Previous80000000F3F4F5F6%24DIIF8F73 #4&6 -1QWProduction, Consumption(millions of barrels per day)Reserves (billion barrels)

From the graph, we understand that the United States is a net importer of oil.

The graph below provides information about world oil supplies in 2007. 70 1000 69% Reserves 900 Production 67% s00H Consumption 50 700 600 48% 44% 500 400 29% 300 24% 200 8% 9% 100 2% US. ОРЕС Seerce Pablic Domain / US. Depariment of Energy Rest of World How has the relationship between ol reserves, production, and consumption influenced United States foreign policy? The United States contributes humanitarian aid to Central Abrican countries O The United States maintains military bases in Westem European courtries O The United States is committed to trade relations with Central Asian countries. O The United States is interested in maintaining stablity in Middie Eastem countries. Previnur Production, Consumption (millions of barrels per day) Reserves (billion barrels)

The graph below provides information about world oil supplies in 2007. 70 1000 69% Reserves 900 Production 67% s00H Consumption 50 700 600 48% 44% 500 400 29% 300 24% 200 8% 9% 100 2% US. ОРЕС Seerce Pablic Domain / US. Depariment of Energy Rest of World How has the relationship between ol reserves, production, and consumption influenced United States foreign policy? The United States contributes humanitarian aid to Central Abrican countries O The United States maintains military bases in Westem European courtries O The United States is committed to trade relations with Central Asian countries. O The United States is interested in maintaining stablity in Middie Eastem countries. Previnur Production, Consumption (millions of barrels per day) Reserves (billion barrels)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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