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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. On August 2, 1990, 100,000 Iraqi troops invaded which country?
(a) India
(b) Iran
(c) Israel
(d) Kuwait

2. New York City restricted what in 1965?
(a) Oil
(b) Taxis
(c) Gasoline fueled cars
(d) Coal burning

3. Nixon imposed what in 1971 to fight inflation?
(a) Gas taxes
(b) Carbon embargo
(c) Oil price controls
(d) Income taxes

4. Who succeeded Nasser in 1970?
(a) Anwar Sadat
(b) Golda Meir
(c) Leonid Brezhnev
(d) Hafez al-Assad

5. Venezuela nationalized oil production in what year?
(a) 1988
(b) 1955
(c) 1961
(d) 1976

Short Answer Questions

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

2. Who did Carter admit to the US for medical treatment?

3. What was the most competitive market in the world in the 1950s-60s?

4. Who become the symbol of the new age of oil?

5. In 1979, Iran produced what percent of the world's oil?

Short Essay Questions

1. What factors weakened OPEC's position in the mid-1980s?

2. OPEC was founded with which goals in mind?

3. What did Senator Henry ("Scoop") Jackson investigate? How did people respond to these investigations?

4. What triggered economic recovery in 1983?

5. What message was received from Tehran on November 4, 1979? Why did the event occur?

6. Who succeeded Nasser in Egypt? What changes did he make?

7. What is the Suez Canal? Why was it important for the oil industry?

8. Rising prices had what effect on the oil industry? Where did oil companies begin exploring?

9. What was the "Arab oil embargo"? How did it affect the U.S.?

10. Who was "Sheikh" Ahmed Zaki Yamani? What impact did he have on the oil industry?

(see the answer keys)

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