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

Multiple Choice Questions

1. What job does Matthew Simmons hold?
(a) Federal Reserve Chairman.
(b) Investment banker.
(c) Oil speculator.
(d) Company CEO.

2. On March 3, 1938, which well began pumping a significant amount of oil?
(a) Damman 6.
(b) Damman 7.
(c) Damman 3.
(d) Damman 4.

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

4. Which U.S. President supported the creation of the State of Israel?
(a) Polk.
(b) Truman.
(c) Johnson.
(d) Kennedy.

5. According to Saudi Arabian officials, how long did it take before they found oil at Yerbin Field?
(a) 9 years.
(b) 7 years.
(c) 10 years.
(d) 8 years.

Short Answer Questions

1. What word characterizes the gas initiative in Saudi Arabia?

2. When it became clear that Saudi Arabia wasn't going to find enough natural gas to make processing it economically feasible, who did they reach out to?

3. Saudi Arabia, because the oil now is less pure, invests a lot of money in what?

4. Overproduction and what have contributed to an early decline in production in Russian oil fields?

5. Instead of helping to recover more oil from older fields, technology has done what?

(see the answer key)

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