quiz10 - 1. What is meant by "Good Sweating" in the Oil...

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1. What is meant by “Good Sweating” in the Oil Industry? A. Reducing supply and increasing prices B. Excess profits of the Oil companies C. Increasing the demand and increasing the price D. Flooding the market and cutting the prices E. None of the other choices Pg 748 in the Prize Points Earned: 1/1 Your Response: D 2. After the first Oil Price Shock of 1973-74, what didn't the oil producing nations want to acquire? A. Infrastructure B. All of the other choices C. The ways of the West D. Military equipment Points Earned: 1/1 Your Response: C 3. During the Iranian hostage crisis the phone was answered with what phrase? A. Death to America
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B. Live from New York! C. None of the other choices D. Nest of Spies Points Earned: 1/1 Your Response: D 4. The causes of the oil panic of 1979 included A. uncertainty B. expectations of an oil glut C. actions by the IEA to encourage oil production D. none of the other choices Points Earned: 1/1 Your Response: A 5. What happened to Gulf as an oil company?
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This note was uploaded on 12/24/2008 for the course EGEE 120 taught by Professor Considine,timothy during the Fall '07 term at Penn State.

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quiz10 - 1. What is meant by "Good Sweating" in the Oil...

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