Reserve Usage Welcome! You are encouraged to register with the site and login (for free). When you register, you support the site and your question history is saved.Some companies that consume large quantities of oil keep their own oil reserves for years in which average oil prices are exceptionally high. Thus, at times when oil prices are quite high, they can partially deplete their reserves, using oil that they bought earlier at lower prices, with the intention of buying oil to add back to their reserves when average oil prices are lower. Nevertheless, last year, when average oil prices were astronomically high throughout the year for geopolitical reasons, not all of these companies partially depleted their reserves.Which of the following, if true, best explains why not all of these companies partially depleted their reserves? Oil prices were also high the previous two years, so these companies expected oil prices to continue to be high. Also for geopolitical reasons, many of these companies had lower-than-average demand for their services last year and required less oil for their operations. Some of these companies, which have some ability to influence the opinion of other oil buyers, expected oil prices to drop in following years. Although oil prices were astronomical on average, some of these companies were able to buy the oil they needed at lower, acceptable prices. The practice of partially depleting reserves did occur on average, but without all companies individually partially depleting their reserves. Review Answer