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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. The "Arab oil embargo" consisted of what?

2. Permanent oil platforms had to withstand waves that were how high?

3. Nixon imposed what in 1971 to fight inflation?

4. Who feared the demise of OPEC?

5. Who used radio to mobilize Arab nationalism and stir up the whole Third World?

Short Essay Questions

1. What events change the oil landscape in Iran? What happened to Mossadegh?

2. Who was Ayatollah Ruhollah Khomeini? What impact did he have on the oil industry?

3. What were some of the challenges of harvesting oil in Alaska? How did the oil companies address some of the issues?

4. How did Venezuela respond to events in the Middle East?

5. OPEC was founded with which goals in mind?

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

7. Why did Iraqi troops invade Kuwait? What was the result?

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

9. What was at the heart of the Arab oil embargo? How did other countries feel about the issues?

10. What tensions existed between Iran and Iraq? What effect did this have on the oil market?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

How did oil influence events during World War II in the Pacific? What were some of Japan's goals and strategies as far as oil was concerned? What was the outcome of the conflict in the Pacific?

Essay Topic 2

What is the As-Is Agreement? How did the agreement come about? Who was involved in the meeting where the agreement originated? What were the goals of the agreement? How did the agreement change the oil industry? Was the agreement successful in its goals? Why or why not?

Essay Topic 3

What is OPEC? How did OPEC come into existence? What influence has this organization had on the oil industry? Give specific examples of OPEC's influence from the book.

(see the answer keys)

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