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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. What was Abdullah Tariki's nickname?

2. Who undercut Middle Eastern oil?

3. How much was the Trans-Alaskan Pipeline to cost?

4. Oil was completely deregulated in the United States in what year?

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

Short Essay Questions

1. OPEC was founded with which goals in mind?

2. What events and situations led to tensions between the U.S. and Britain?

3. What triggered economic recovery in 1983?

4. Why did world oil consumption grow so fast in the period between 1949 and 1972? Which countries or areas experienced this growth?

5. Why is 1974 to 1978 known as OPEC's Golden Age?

6. What weakened OPEC's position in the oil industry? Give at least one specific example.

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

8. The book discusses some possible changes in the oil industry. What does the author argue is a possibility in the coming years in regards to the oil industry? What might change the face of the oil industry?

9. What changes occurred in Libya in the 1970s with regard to the oil industry?

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

Yergin makes the point that cheap gas and oil transformed American society in a number of ways. Discuss how oil changed American society. What did oil and gas make possible? What new aspects of society are a result of oil and gas? What would American society be like without oil or gas?

Essay Topic 2

What was the Cold War? Who was involved in the Cold War? What effects did the Cold War have on the oil industry? Discuss at least two different effects that the Cold War produced in the oil industry.

Essay Topic 3

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?

(see the answer keys)

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