EGEE 120 FINAL EXAM QUESTIONS
WITH CORRECT ANSWERS
Defense Production Act of 1950 - Correct Answers -exemption from US anti-trust Laws
economic rents - Correct Answers -amt of profit above and beyond the amt necessary
to keep oil in production
France and Britain - Correct Answers -countries against Nasser and Egyptian taking
control over Suez canal
Venezuela, Saudi Arabia, kuwait, iraq - Correct Answers -order of countries who
receieved 50-50 concessions
shipping distances in 1/2
provided a direct route from B to India
2/3 of B oil traveled through - Correct Answers -3 reasons why Brits wanted suez canal
Exporters scrambled for markets rather than buyers for supplies. - Correct Answers -
difference between first,second oil shock to third oil shock
GWH Bush - Correct Answers -believed the oil prices had reached a point when it was
threatening national security in 1986. believed a strong domestic industry was in the
national security interest of the US.
Nazer - Correct Answers -Yamani successor
good sweating - Correct Answers -NAzer's first OPEC meeting was when OPEC finally
ended
Generation of 28 - Correct Answers -Venezuelan students who wanted to alter the way
oil companies allocated the rent from their fields
B, F, and isreal - Correct Answers -Eisenhower imposed sanctions on which countries
when they attacked Egypt
Eisenhower - Correct Answers -Formed ME emergency committee to figure out how to
supply Western Europe petroleum
, US - Correct Answers -Country against Aswan dam development project because of
competetion from Egyptian cotton
US foreign tax credit, Venezuela oil agreement of 1943, Soviet out of ME - Correct
Answers -Who facilitated 50-50 agreement between saudi arabia and Aramco
Ricardo - Correct Answers -first to develop profit above and beyond amt neccessary to
keep oil in production
Aminolli - Correct Answers -consortium of american independents for nuetral zone in
Kuwait
Walton - Correct Answers -Negoiated on gettys behalf, between suadi arabia and Getty
Getty - Correct Answers -Got Nuetral zone in Suadi Arabia
mohammand Pahlavi - Correct Answers -shah who took over iran after allies replaced
him
anglo-iranian - Correct Answers -company irani people hated
Mcghee - Correct Answers -american who pushed brits to sign iranian royalties
Razmara - Correct Answers -iran man against nationalization that was assasinated
Mossadegh - Correct Answers -for nationalization in iran, very powerful, B and US
arrest
operation Ajax - Correct Answers -B and Us plan to overthrow Mossadegh
Nasser - Correct Answers -wanted to restore Egyptian control of pipelines and suez
canal. promoted pan arabism and eliminate Isreali
oil lift - Correct Answers -emergency supply program that was a cooperative venture
between governments and oil companies in Europe and the US, after suez canal crisis
supertankers - Correct Answers -new tech to avoid the suez canal
Public outcry, limit to offshore drilling for 30 years, and nixon to halt offshore drilling in
CA - Correct Answers -oil spill off shore of Santa Barbara in 1969 caused (3 things)
oil consuming countries, oil producing countries, independent oil companies, seven
sisters - Correct Answers -What Sector of the oil industry profited the most when Enrico
Mattei nullified the 50/50 principle of profit sharing
defend oil prices - Correct Answers -OPEC originally intended to
WITH CORRECT ANSWERS
Defense Production Act of 1950 - Correct Answers -exemption from US anti-trust Laws
economic rents - Correct Answers -amt of profit above and beyond the amt necessary
to keep oil in production
France and Britain - Correct Answers -countries against Nasser and Egyptian taking
control over Suez canal
Venezuela, Saudi Arabia, kuwait, iraq - Correct Answers -order of countries who
receieved 50-50 concessions
shipping distances in 1/2
provided a direct route from B to India
2/3 of B oil traveled through - Correct Answers -3 reasons why Brits wanted suez canal
Exporters scrambled for markets rather than buyers for supplies. - Correct Answers -
difference between first,second oil shock to third oil shock
GWH Bush - Correct Answers -believed the oil prices had reached a point when it was
threatening national security in 1986. believed a strong domestic industry was in the
national security interest of the US.
Nazer - Correct Answers -Yamani successor
good sweating - Correct Answers -NAzer's first OPEC meeting was when OPEC finally
ended
Generation of 28 - Correct Answers -Venezuelan students who wanted to alter the way
oil companies allocated the rent from their fields
B, F, and isreal - Correct Answers -Eisenhower imposed sanctions on which countries
when they attacked Egypt
Eisenhower - Correct Answers -Formed ME emergency committee to figure out how to
supply Western Europe petroleum
, US - Correct Answers -Country against Aswan dam development project because of
competetion from Egyptian cotton
US foreign tax credit, Venezuela oil agreement of 1943, Soviet out of ME - Correct
Answers -Who facilitated 50-50 agreement between saudi arabia and Aramco
Ricardo - Correct Answers -first to develop profit above and beyond amt neccessary to
keep oil in production
Aminolli - Correct Answers -consortium of american independents for nuetral zone in
Kuwait
Walton - Correct Answers -Negoiated on gettys behalf, between suadi arabia and Getty
Getty - Correct Answers -Got Nuetral zone in Suadi Arabia
mohammand Pahlavi - Correct Answers -shah who took over iran after allies replaced
him
anglo-iranian - Correct Answers -company irani people hated
Mcghee - Correct Answers -american who pushed brits to sign iranian royalties
Razmara - Correct Answers -iran man against nationalization that was assasinated
Mossadegh - Correct Answers -for nationalization in iran, very powerful, B and US
arrest
operation Ajax - Correct Answers -B and Us plan to overthrow Mossadegh
Nasser - Correct Answers -wanted to restore Egyptian control of pipelines and suez
canal. promoted pan arabism and eliminate Isreali
oil lift - Correct Answers -emergency supply program that was a cooperative venture
between governments and oil companies in Europe and the US, after suez canal crisis
supertankers - Correct Answers -new tech to avoid the suez canal
Public outcry, limit to offshore drilling for 30 years, and nixon to halt offshore drilling in
CA - Correct Answers -oil spill off shore of Santa Barbara in 1969 caused (3 things)
oil consuming countries, oil producing countries, independent oil companies, seven
sisters - Correct Answers -What Sector of the oil industry profited the most when Enrico
Mattei nullified the 50/50 principle of profit sharing
defend oil prices - Correct Answers -OPEC originally intended to
