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This quiz consists of 5 multiple choice and 5 short answer questions through Part 5, Chapter 30.

Multiple Choice Questions

1. During the "Arab oil embargo" gas princes rose how much in the United States?
(a) 3 percent
(b) 12 percent
(c) 76 percent
(d) 40 percent

2. What project did Nixon introduce to make the US less oil dependent?
(a) Project Freedom
(b) Project Independence
(c) Project Arabia
(d) Project Eagle

3. Which country was not represented at the meeting?
(a) The United States
(b) England
(c) Russia
(d) Germany

4. The deals between countries and oil companies for royalties and other fees were referred to as what?
(a) Twenty/Eighty Deals
(b) Fifty/Fifty Deals
(c) Ten/Ninety Deals
(d) Sixty/Forty Deals

5. OPEC lifted the embargo in what year?
(a) 1998
(b) 1974
(c) 1952
(d) 1983

Short Answer Questions

1. In October 1940, who bombed Dhahran?

2. The "Neutral Zone" was between Saudi Arabia and which other country?

3. What document came out of the meeting, which encouraged cooperation by the oil companies?

4. Who was the first country to begin using the practice of "rents?"

5. In August 1928, Deterding met where with Heinrich Riedemann of Jersey Standard-Germany, Cadman of APOC, William Mellon of Gulf, Robert Stewart of Indiana and others to discuss the oil industry?

(see the answer key)

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