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

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

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

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

5. OPEC agreed on what posted price per barrel of oil?
(a) $4.12
(b) $23.99
(c) $38.72
(d) $11.65

Short Answer Questions

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

2. Who subdued much of Arabia and negotiated the exchange of oil for money for his country?

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

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

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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