EGEE 120 final UPDATED ACTUAL
Exam Questions and CORRECT
Answers
Defense Production Act of 1950 - CORRECT ANSWER - exemption from US anti-trust
Laws
economic rents - CORRECT ANSWER - amt of profit above and beyond the amt necessary to
keep oil in production
France and Britain - CORRECT ANSWER - countries against Nasser and Egyptian taking
control over Suez canal
Venezuela, Saudi Arabia, kuwait, iraq - CORRECT ANSWER - 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 ANSWER - 3 reasons why Brits wanted suez canal
Generation of 28 - CORRECT ANSWER - Venezuelan students who wanted to alter the way
oil companies allocated the rent from their fields
B, F, and isreal - CORRECT ANSWER - Eisenhower imposed sanctions on which countries
when they attacked Egypt
Eisenhower - CORRECT ANSWER - Formed ME emergency committee to figure out how to
supply Western Europe petroleum
, US - CORRECT ANSWER - 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
ANSWER - Who facilitated 50-50 agreement between saudi arabia and Aramco
Ricardo - CORRECT ANSWER - first to develop profit above and beyond amt neccessary to
keep oil in production
Aminolli - CORRECT ANSWER - consortium of american independents for nuetral zone in
Kuwait
Walton - CORRECT ANSWER - Negoiated on gettys behalf, between suadi arabia and Getty
Getty - CORRECT ANSWER - Got Nuetral zone in Suadi Arabia
mohammand Pahlavi - CORRECT ANSWER - shah who took over iran after allies replaced
him
anglo-iranian - CORRECT ANSWER - company irani people hated
Mcghee - CORRECT ANSWER - american who pushed brits to sign iranian royalties
Razmara - CORRECT ANSWER - iran man against nationalization that was assasinated
Mossadegh - CORRECT ANSWER - for nationalization in iran, very powerful, B and US
arrest
operation Ajax - CORRECT ANSWER - B and Us plan to overthrow Mossadegh
Exam Questions and CORRECT
Answers
Defense Production Act of 1950 - CORRECT ANSWER - exemption from US anti-trust
Laws
economic rents - CORRECT ANSWER - amt of profit above and beyond the amt necessary to
keep oil in production
France and Britain - CORRECT ANSWER - countries against Nasser and Egyptian taking
control over Suez canal
Venezuela, Saudi Arabia, kuwait, iraq - CORRECT ANSWER - 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 ANSWER - 3 reasons why Brits wanted suez canal
Generation of 28 - CORRECT ANSWER - Venezuelan students who wanted to alter the way
oil companies allocated the rent from their fields
B, F, and isreal - CORRECT ANSWER - Eisenhower imposed sanctions on which countries
when they attacked Egypt
Eisenhower - CORRECT ANSWER - Formed ME emergency committee to figure out how to
supply Western Europe petroleum
, US - CORRECT ANSWER - 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
ANSWER - Who facilitated 50-50 agreement between saudi arabia and Aramco
Ricardo - CORRECT ANSWER - first to develop profit above and beyond amt neccessary to
keep oil in production
Aminolli - CORRECT ANSWER - consortium of american independents for nuetral zone in
Kuwait
Walton - CORRECT ANSWER - Negoiated on gettys behalf, between suadi arabia and Getty
Getty - CORRECT ANSWER - Got Nuetral zone in Suadi Arabia
mohammand Pahlavi - CORRECT ANSWER - shah who took over iran after allies replaced
him
anglo-iranian - CORRECT ANSWER - company irani people hated
Mcghee - CORRECT ANSWER - american who pushed brits to sign iranian royalties
Razmara - CORRECT ANSWER - iran man against nationalization that was assasinated
Mossadegh - CORRECT ANSWER - for nationalization in iran, very powerful, B and US
arrest
operation Ajax - CORRECT ANSWER - B and Us plan to overthrow Mossadegh
