Question

Which one of the following countries is both an exporter and importer of Mineral Oil?

  1. China
  2. Russia
  3. U.K.
  4. U.S.A.

Answer:

Option D: U.S.A.

Detailed Solution:

The correct answer is “U.S.A.”.

The U.S. has exported small amounts of crude oil for over 100 years, despite being a net importer of crude oil. Although there was a crude oil export ban in place, some exports were allowed, primarily to Canada.