1-10

Question 1

Petroleum is formed from ancient

Answer 1

marine life

Question 2

Where did the modern oil industry begin?

Answer 2

Pennsylvania

Question 3

Who invented oil refinements?

Answer 3

Samuel Kier

Question 4

Who founded the Standard Oil in 1863?

Answer 4

John D. Rockefeller

Question 5

When did US start to rely on imported petroleum?

Answer 5

1970s

Question 6

The petroleum price in US has been volatile in time and is most sensitive to

Answer 6

International policy

Question 7

Roughly what fraction of the global petroleum reserves are known to be located in Middle
East countries?

Answer 7

50%

Question 8

Which country has the biggest oil reserve?

Answer 8

Venezuela

Question 9

Roughly how many years the current oil reserve would last?

Answer 9

50 years

Question 10

What would be the increase in atmospheric CO2 if all petroleum reserves are burned (given that half of the petroleum-related emission is to be absorbed by the ocean and the terrestrial biosphere)?

Answer 10

35 ppm