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The Oil Industry
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.
Which of these statements about Petroleum, sometimes called ‘black gold’, is not true?
It is a renewable resource.
It is used for the production of solvents, fertilizers and plastics.
It is found in formations in he Earth.
It is a fossil fuel.
In 1863 this entrepreneur and his partners founded Standard Oil, a company which dominated oil production in the USA for decades.
Jean Paul Getty
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?
Nowruz Field platform spilled 80 million gallons of oil
Ixtoc I oil well suffered a blowout
Iraqi forces deliberately released crude oil from several tankers
Tanker Exxon Valdez hit an undersea reef
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?
This American oil driller, dug the first modern oil well near Titusville, Pennsylvania in 1859.
This oil field, located south of Beaumont, Texas, and discovered by Anthony Francis Lucas, was the first major oil field in the USA.
Wilmington Oil Field
Spindletop Oil Field
Thunder Horse Field
Elk Hills Field
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
M. King Hubert
This industrial facility, sometimes called a ‘tank farm’ or a ‘terminal’, is used for the storage of oil.
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.
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?
All of these
They proclaimed an embargo on oil exports to the United States
They raised the price of oil
They proclaimed an embargo on oil exports to the Netherlands
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