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

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

3. Who set up the Eastern and General Syndicate to develop business opportunities in the Middle East?
(a) Winston Churchill
(b) Thomas Neville
(c) Frank Holmes
(d) Robert Nelson

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

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

Short Answer Questions

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

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

3. What "taboo" did Venezuela break in the 1940s?

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

5. In October 1940, who bombed Dhahran?

(see the answer key)

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