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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 15.

Multiple Choice Questions

1. If Saudi Arabian production levels decline sharply, what will they affect?
(a) American oil supplies.
(b) European oil supplies.
(c) Global oil supplies.
(d) Regional oil supplies.

2. What has happened at the other giant oil fields in the world?
(a) They have peaked, then had sharp declines.
(b) They have peaked, and replacements have been found.
(c) They have peaked, and no more oil has been recovered.
(d) They have peaked, then been brought back with new technology.

3. Without any significant new discoveries, Saudi Arabia will lose what percentage of its oil production when Ghawar closes down?
(a) Aprroximately 80%.
(b) Approximately 75%.
(c) Less than half.
(d) More than half.

4. When did the United States's oil production peak?
(a) 1970's.
(b) 1990's.
(c) 1980's.
(d) 2000.

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

Short Answer Questions

1. How much unexplored area is there in Saudi Arabia?

2. How many barrels of oil has Ghawar produced?

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

4. When was the first significant oil find in the Middle East?

5. What did Saudi Arabian engineers present at the S.P.E. conferences?

(see the answer key)

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