Week 11 MCQ Flashcards
Why wasn’t gasoline embraced immediately as a fuel source?
It was unstable and difficult to control.
In 1953 The C.I.A. and British Intelligence organized the overthrowing of what countries government?
Iran.
In Canada the original oil industry was created in what region?
Southwestern Ontario
Gasoline was originally discovered as a byproduct of refining what product?
Kerosene
Willian Knox Darcy developed British Petroleum to exploit the oil resources of what country?
Persia.
“Upstream” Oil and Gas companies…
identify, extract, or produce raw materials.
When considering the oil industry the phrase “Seven Sisters” refers to what?
The Seven largest oild companies of the 1950s and 1960s.
When was OPEC created?
1960
In 2022 which country had the highest total oil reserves?
Venezuala.
What does a spot transaction in crude oil refer to?
On the spot purchase of a single shipment.
