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The Oil Industry

written by: Eve
 
Check how much you know about the oil industry, which provides us with energy as well as raw materials for the production of many household items.

Question 1:


Which of these statements about Petroleum, sometimes called ‘black gold’, is not true?
It is used for the production of solvents, fertilizers and plastics.
It is a fossil fuel.
It is a renewable resource.
It is found in formations in he Earth.

Question 2:


In 1863 this entrepreneur and his partners founded Standard Oil, a company which dominated oil production in the USA for decades.
John Rockefeller
Jean Paul Getty
Howard Hughes
Andrew Carnegie

Question 3:


In 1991, one of the most serious oil spills in history brought considerable damage to wildlife in the Middle East region. What caused the oil spill?
Tanker Exxon Valdez hit an undersea reef
Iraqi forces deliberately released crude oil from several tankers
Nowruz Field platform spilled 80 million gallons of oil
Ixtoc I oil well suffered a blowout

Question 4:


The Organization of the Petroleum Exporting Countries (OPEC) is an intergovernmental organization founded at the Baghdad Conference in September 1960, by 5 countries. Which of these countries was not a founding member of the organization?
Iran
Algeria
Venezuela
Iraq

Question 5:


This American oil driller, dug the first modern oil well near Titusville, Pennsylvania in 1859.
Edwin Drake
Robert Kerr
Frank Phillips
Edward Doheny

Question 6:


This oil field, located south of Beaumont, Texas, and discovered by Anthony Francis Lucas, was the first major oil field in the USA.
Thunder Horse Field
Elk Hills Field
Spindletop Oil Field
Wilmington Oil Field

Question 7:


The term ‘petrodollar’, a dollar earned by a country through the sale of oil, was invented in 1973 by this Egyptian-born American professor and economist.
Ronald R. Cooke
Matthew R. Simmons
Ibrahim Oweiss
M. King Hubert

Question 8:


This industrial facility, sometimes called a ‘tank farm’ or a ‘terminal’, is used for the storage of oil.
Oil gusher
Oil well
Oil depot
Oil barrel

Question 9:


The first oil refinery in the world, bombarded in 1943 by US Air Force in operation Tidal Wave, was built in this country in 1856.
Romania
Italy
Germany
Iran

Question 10:


The Arab-Israeli War in 1973, known as Yom Kippur War, triggered the ‘1973 oil crisis’. What action did the Arab members of OPEC undertake as part of their strategy?
They proclaimed an embargo on oil exports to the Netherlands
They proclaimed an embargo on oil exports to the United States
All of these
They raised the price of oil

 


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