New Technology Has Allowed Oil to Be Pumped from Much

Multiple Choice

New technology has allowed oil to be pumped from much deeper offshore oil fields than before. For example, 28 deep ocean rigs operate in the deep waters of the Gulf of Mexico. Deep ocean sources have ________ the world price of oil. Those who benefit from drilling for oil in the Gulf of Mexico are ________.

A) raised; both consumers and suppliers
B) lowered; both consumers and suppliers
C) raised; consumers only
D) lowered; consumers only
E) raised; consumers and the government