Pulp Economics: Oil Quiz

For quick information and sheer entertainment, nothing beats a pop quiz, especially one that deals with a timely, fun, and altogether exciting topic like petroleum products. Herewith presented is the second Pulp Economics Quiz: each question is worth 20%, and there will be no curve applied to scores.

Enjoy.

1. What country is the top supplier of crude oil to the United States?

• Saudi Arabia


• Canada


• Nigeria


• Iran

2. Approximately what percent of United States crude oil imports originate from the OPEC cartel?

• less than 20%


• about 50%


• around 75%


• more than 90%

3. In 1972 (before the Yom Kippur War), the average price of crude oil was approximately which of the following?

• $3.00 per barrel


• $7.00 per barrel


• $12.00 per barrel


• $15.00 per barrel

4. The world's largest oil producer is...

• the United States.


• Canada.


• Egypt.


• Saudi Arabia.

5. Of all oil use in the United States, about how much is for transportation?

• 1/3


• 1/2


• 2/3


• 3/4

 
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Correct answers:
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