Which of the following statements is true about petroleum production?
1. 60% of world’s petroleum deposits are found in Middle East.
2. Petroleum reserve in Alaska is certified equivalent to Texas.
3. U.S.A. is a prominent producer and importer for petroleum.
(A) 1 and 2 are true
(B) 2 and 3 are true
(C) 1 and 3 are true
(D) All are true
Important Facts
The Middle East holds 60% of oil reserves, Alaska’s reserves match Texas, and the U.S.A. is a major producer and importer.
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