View a FREE sample

This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. The global battle of oil production intensified what rivalry?

2. Exxon spent a billion dollars on what in 1980?

3. On August 2, 1990, 100,000 Iraqi troops invaded which country?

4. Which country wanted OPEC to restore quotas at a lower level?

5. How did Eisenhower feel about the attack on Egypt?

Short Essay Questions

1. What tensions existed between Iran and Iraq? What effect did this have on the oil market?

2. What was the "Arab oil embargo"? How did it affect the U.S.?

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

4. Who was Ayatollah Ruhollah Khomeini? What impact did he have on the oil industry?

5. Who succeeded Nasser in Egypt? What changes did he make?

6. What was at the heart of the Arab oil embargo? How did other countries feel about the issues?

7. How did oil companies and governments react to the Second Oil Shock?

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

9. What is the Suez Canal? Why was it important for the oil industry?

10. What events change the oil landscape in Iran? What happened to Mossadegh?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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?

Essay Topic 2

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 3

Who do you think is/was the most influential person in the oil industry? Why? What did this person contribute to the oil industry globally? Support your answer with information from the book.

(see the answer keys)

This section contains 891 words (approx. 3 pages at 300 words per page) View a FREE sample