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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 14.

Multiple Choice Questions

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

2. Some people believe that Saudi Arabia's interest in Shaybah is not desperation, but what?
(a) Security motivated.
(b) Politically motivated.
(c) Common sense.
(d) Technologically feasible.

3. The crude oil coming from Saudi Arabia contains liberal amounts of what, which makes it less pure?
(a) Salt.
(b) Carbon.
(c) Sand.
(d) Sea water.

4. Experts estimate that more than what percent of Berri's oil will be unrecovered?
(a) 15 percent.
(b) 20 percent.
(c) 5 percent.
(d) 10 percent.

5. What will Saudi Arabia face if the oil production declines?
(a) Economic problems.
(b) Religious problems.
(c) Transportation problems.
(d) International problems.

Short Answer Questions

1. What industry does Matthew Simmons specialize in?

2. How much money did Saudi Arabia invest in gas processing facilities?

3. Which U.S. President supported the creation of the State of Israel?

4. When did the United States's oil production peak?

5. Without any significant new discoveries, Saudi Arabia will lose what percentage of its oil production when Ghawar closes down?

(see the answer key)

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