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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

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

2. The Iran-Iraq war took how many barrels of oil a day off the market?
(a) 4 million
(b) 700,000
(c) 1 million
(d) 200,000

3. The prices of oil did what between 1970 and 1973?
(a) Remained the same
(b) Decreased by 10 percent
(c) Fell sharply
(d) Doubled

4. Which oil company was most dependent on Iran?
(a) Texaco
(b) Shell
(c) BP
(d) Exxon

5. What cut the travel time between England and India in half?
(a) The Panama Canal
(b) The Sioux Canal
(c) The Suez Canal
(d) The Indian Canal

6. Which country wanted OPEC to restore quotas at a lower level?
(a) China
(b) Canada
(c) Indonesia
(d) Algeria

7. Who was put in charge of the Iranian National Oil Company?
(a) Ali Razmara
(b) Mohammed Reza Pahlavi
(c) Sir William Fraser
(d) Mehdi Bazargan

8. How many days were the hostages held?
(a) 62
(b) 109
(c) 3
(d) 444

9. Which country wanted to attended OPEC's 1986 meeting as an observer?
(a) Germany
(b) England
(c) Mexico
(d) United States

10. Oil producing countries were assigned quotas with what target in mind per day?
(a) 18 million barrels
(b) 12 million barrels
(c) 26 million barrels
(d) 4 million barrels

11. What was the main determinant of energy and oil consumption?
(a) Income
(b) Resources
(c) Availability
(d) Distribution

12. How much of the world's reserves were in the Persian Gulf in 1990?
(a) Ten percent
(b) One half
(c) One quarter
(d) Two-thirds

13. During the "Arab oil embargo" gas princes rose how much in the United States?
(a) 3 percent
(b) 76 percent
(c) 40 percent
(d) 12 percent

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

15. Who joined forces with Italian oil man Enrico Mattei?
(a) Juan Pablo Pérez Alfonso
(b) Abdullah Tariki
(c) President Betancourt
(d) The Shah of Iran

Short Answer Questions

1. In 1962, what television show became a hit, celebrating the "black gold" that had transformed the face of America?

2. The American hostages were held until what happened?

3. Exxon spent a billion dollars on what in 1980?

4. Where was a vast gas field found?

5. Who undercut Middle Eastern oil?

(see the answer keys)

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