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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 October 1940, who bombed Dhahran?
(a) Britain
(b) Italy
(c) Russia
(d) Japan

2. Who was the first country to begin using the practice of "rents?"
(a) Indonesia
(b) Mexico
(c) Iran
(d) Venezuela

3. 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

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

5. Who struck a deal with Saudi Arabia for $9.5 million up front; $1 million a year, whether or not oil was pumped; and a royalty of $0.55 per barrel?
(a) David McNaughton
(b) J. Paul Getty
(c) David Ricardo
(d) Juan Pérez Alfonso

Short Answer Questions

1. Who set up the Eastern and General Syndicate to develop business opportunities in the Middle East?

2. Which country was not represented at the meeting?

3. 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?

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

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

(see the answer key)

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