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

Multiple Choice Questions

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

2. Who feared the demise of OPEC?
(a) Margaret Thatcher
(b) Alirio Parra
(c) Ronald Reagan
(d) Jimmy Carter

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

4. What accelerated the American escape to the suburbs?
(a) Electricity
(b) Cheap gas
(c) Coal
(d) Airplanes

5. Who was named Saudi Arabia's Director of Oil and Mining Affairs?
(a) President Betancourt
(b) Gamal Abedel Nasser
(c) Juan Pablo Pérez Alfonso
(d) Abdullah Tariki

6. In 1962, what television show became a hit, celebrating the "black gold" that had transformed the face of America?
(a) The Beverly Hillbillies
(b) Green Acres
(c) Leave it to Beaver
(d) M.A.S.H.

7. Who used radio to mobilize Arab nationalism and stir up the whole Third World?
(a) Saddam Hussein
(b) Gamal Abedel Nasser
(c) King Farouk
(d) Ali Razmara

8. Which country did not have a quota?
(a) Saudi Arabia
(b) Kuwait
(c) Iran
(d) China

9. Oil was completely deregulated in the United States in what year?
(a) 1989
(b) 1968
(c) 1974
(d) 1981

10. In 1960 Jersey cut prices by what percent, with competitors following suit, with little enthusiasm but considerable alarm?
(a) 40 percent
(b) 1 percent
(c) 7 percent
(d) 33 percent

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

12. What is a giant oil field called?
(a) Roman Empire
(b) T-Rex
(c) Big Dipper
(d) Elephant

13. After Iraq expelled Khomeini, where did he go?
(a) Dallas
(b) Cape Town
(c) Moscow
(d) Paris

14. Who conducted a new series of investigations into the oil companies' activities?
(a) Senator Henry Jackson
(b) Richard Nixon
(c) Senator Alexander Daniels
(d) Senator James Niels

15. Who delivered the first-ever presidential address on energy in the United States?
(a) Richard Nixon
(b) Gerald Ford
(c) John F. Kennedy
(d) George Bush

Short Answer Questions

1. On October 6, 1973, Egypt and Syria launched a massive coordinated attack on which country?

2. What concerns have taken center stage in regard to the oil industry?

3. Which country placed troops in the Canal Zone to protect it for oil purposes?

4. Which country set production to achieve price objectives?

5. Who developed an ideology for pushing the oil industry back to basics, fighting self-serving waste and excess, and protecting disenfranchised shareholders' rights?

(see the answer keys)

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