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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 5.

Multiple Choice Questions

1. What is the name of the Saudi Arabian national oil company?
(a) Saudi Oil.
(b) Saudi Aramco.
(c) Saudi Gas and Petroleum.
(d) Saudi Texaco.

2. Where is the Spindletop field located?
(a) Louisiana.
(b) California.
(c) Alaska.
(d) Texas.

3. It has become far more _________ _________ to maintain the high rate of oil production in Saudi Arabia.
(a) Capital intensive.
(b) Technologically intensive.
(c) Equipment intensive.
(d) Labor intensive.

4. With OPEC's secrecy regarding oil production levels, what is unclear?
(a) Whether Saudi Arabia can continue production at high levels.
(b) Whether Saudi Arabia will stay the number one oil producer.
(c) Whether OPEC countries are engaged in price inflation.
(d) Whether OPEC countries can produce oil.

5. Where is Prudhoe Bay?
(a) Washington.
(b) Alaska.
(c) Florida.
(d) Mexico.

Short Answer Questions

1. What industry does Matthew Simmons specialize in?

2. Who secured the first prospecting right in Saudi Arabia?

3. When the United States's oil production declined, who stepped in to become the world's leading oil producer?

4. When was Saudi Arabia established?

5. On March 3, 1938, which well began pumping a significant amount of oil?

(see the answer key)

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