1). The producers cannot afford the huge cost of production.2). There is not enough oil reserves in the country.3). The producers fail to cope up with the growing demand of oil.4). Old and obsolete technology along with failure of exploration of newer oil reserves.

1). The producers cannot afford the huge cost of production.2). There

1.	1). The producers cannot afford the huge cost of production.2). There is not enough oil reserves in the country.3). The producers fail to cope up with the growing demand of oil.4). Old and obsolete technology along with failure of exploration of newer oil reserves.
Answer» It is well understood from the passage that there is lack of good fields and HENCE LESSER production, ALSO it is mentioned in the passage that there is a failure to EXPLORE fresher reserves. Hence the correct answer is option 4.

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1). The producers cannot afford the huge cost of production.2). There is not enough oil reserves in the country.3). The producers fail to cope up with the growing demand of oil.4). Old and obsolete technology along with failure of exploration of newer oil reserves.

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