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

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

3. What "taboo" did Venezuela break in the 1940s?
(a) Breaking an oil agreement for a better deal
(b) Allowing a foreign country to partner with domestic oil companies
(c) Selling the royalty oil directly on the world market
(d) Taking less than market value for its oil production

4. Who called for a "new concept" that would base the price of oil on the cost of alternative energy sources?
(a) William Simon
(b) Henry Kissinger
(c) Richard Nixon
(d) The Shah

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

Short Answer Questions

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

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

3. What project did Nixon introduce to make the US less oil dependent?

4. In October 1940, who bombed Dhahran?

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

(see the answer key)

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