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This quiz consists of 5 multiple choice and 5 short answer questions through Part 5, Chapter 31.

Multiple Choice Questions

1. The Rothschilds created what company in 1902?
(a) Asiatic Petroleum Company
(b) Shell Oil Company
(c) Standard Oil Company
(d) Royal Dutch Company

2. Enrico Mattei did what to change the oil situation in the Middle East?
(a) Broke the 50/50 rule
(b) Negotiated with Iran
(c) Bought oil from Saudi Arabia
(d) Refused to buy from Egypt

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

4. Who undercut Middle Eastern oil?
(a) The United States
(b) France
(c) The Soviet Union
(d) Chile

5. Japan believed that what was the biggest liability for Germans in WWI, leading to their defeat?
(a) Money
(b) Cultural beliefs
(c) Tanks
(d) Petroleum

Short Answer Questions

1. In October 1971, the Shah of Iran hosted a gala celebrating the 2,500-year anniversary of what?

2. What lead to instigating gasoline rationing in England?

3. What was the name of the pipeline that stretched from Texas to the East Coast?

4. The exporters' combined earnings was how much in 1977?

5. What event in the 1920s plunged oil into dire straits?

(see the answer key)

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