QUESTION IMAGE
Question
why does the us import oil?
○ because it does not produce any oil at all
● because it needs higher quality oil than it produces
○ because it has exported too much oil to nearby countries
○ because it is cheaper to import oil than to produce it
Brief Explanations
- The first option is incorrect as the US does produce oil.
- The third option is incorrect as the US importing oil is not related to exporting too much oil to nearby countries.
- The fourth option is incorrect as in many cases, the cost of importing oil isn't always cheaper than producing it, and the main reason for importing is often the need for different grades (higher quality) of oil for specific uses (like for certain engines, refineries) that its domestic production might not fully meet. The second option correctly states that the US imports oil because it needs higher quality oil than it produces.
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B. because it needs higher quality oil than it produces