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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. New York City restricted what in 1965?
2. How much was the Trans-Alaskan Pipeline to cost?
3. Who developed an ideology for pushing the oil industry back to basics, fighting self-serving waste and excess, and protecting disenfranchised shareholders' rights?
4. Which country did not have a quota?
5. OPEC lifted the embargo in what year?
Short Essay Questions
1. What weakened OPEC's position in the oil industry? Give at least one specific example.
2. What triggered economic recovery in 1983?
3. Why did Iraqi troops invade Kuwait? What was the result?
4. Why is 1974 to 1978 known as OPEC's Golden Age?
5. What actions did Sadat take toward Israel? What was his goal?
6. What were some of the challenges of harvesting oil in Alaska? How did the oil companies address some of the issues?
7. What is the Suez Canal? Why was it important for the oil industry?
8. Why did world oil consumption grow so fast in the period between 1949 and 1972? Which countries or areas experienced this growth?
9. OPEC was founded with which goals in mind?
10. What was at the heart of the Arab oil embargo? How did other countries feel about the issues?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
During various periods, countries and consumers experienced oil shortages. What effect did oil shortages have on individuals in these countries? How did people and governments cope with oil shortages? What measures did oil companies, individuals, and governments take to reduce the impact of shortages? Discuss at least three specific examples of oil shortages and how they were dealt with.
Essay Topic 2
Discuss the development of the Middle East as a power in the oil industry. Why did the Middle East become important in the industry? What role has this region played in the industry? What aspects has the region influence in terms of oil? Give specific examples from the book to support your answer.
Essay Topic 3
What are "rents"? How were rents applied to the oil industry? How did this practice change the oil industry? Who benefited from the use of rents in regard to oil?
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This section contains 859 words (approx. 3 pages at 300 words per page) |
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