Test Your EnergyIQ
September 12, 2009
This time last year energy was the talk of the town. Gas prices had moved past $3 a gallon on their way toward record highs and oil was comfortably in the triple digits. Consumers were howling at the hit they were taking in the pocketbook.
Now with gas prices back under $2 and oil at less than $50 per barrel, the future of energy debate has largely been put on mute.
But many of the issues that made headlines with oil at $147 still exist today. For instance, non-OPEC oil production has been declining for several years and key producers like Russia, Norway and Mexico are having trouble finding and developing new reserves.
I came across this EnergyIQ Quiz on the Energy Tomorrow Web site. Energy Tomorrow is a campaign put together by API, a national trade organization for the oil and natural gas industry.
Sample question: “In 2007, what percent of oil the U.S. consumed came from the Persian Gulf?”
Hint: It’s less than T. Boone Pickens would have you think.
And while you’re in the mood for quizzes, try our gold quiz that many Frank Talk readers have found both informative and entertaining.
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All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.The following securities mentioned in the article were held by one or more of U.S. Global Investors family of funds as of 12/31/08: Exxon Mobil Corp. 09-124