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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. 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?
(a) Nepal
(b) Paris
(c) Scotland
(d) Moscow

2. The "Neutral Zone" was between Saudi Arabia and which other country?
(a) Kuwait
(b) Syria
(c) Egypt
(d) Iraq

3. For producing nations, oil was a source of what?
(a) Hardship
(b) Pride
(c) Serenity
(d) Inequality

4. The "Arab oil embargo" consisted of what?
(a) Western countries boycotting Arab oil
(b) The ban on the import of oil to Arab countries
(c) Arab companies seizing control of foreign oil fields in Arab countries
(d) The total ban on the export of oil to the U.S. and the Netherlands

5. Who subdued much of Arabia and negotiated the exchange of oil for money for his country?
(a) Rub al-Khali
(b) Chaim Weizmann
(c) Harry St. John Bridger
(d) Ibn Saud

Short Answer Questions

1. Who called for a "new concept" that would base the price of oil on the cost of alternative energy sources?

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

3. During the "Arab oil embargo" gas princes rose how much in the United States?

4. Which country was not represented at the meeting?

5. The deals between countries and oil companies for royalties and other fees were referred to as what?

(see the answer key)

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