ThatQuiz Test Library Take this test now
Oil crisis - Quiz
Contributed by: Sumner
  • 1. What was the Abadan Crisis of 1951–1954 also known as?
A) The Middle East Embargo
B) The Great Pipeline Dispute
C) The First Global Shock
D) Iran Oil Crisis
  • 2. By what percentage did oil prices increase during the 1973 oil crisis?
A) 50%
B) 200%
C) 100%
D) 400%
  • 3. What percentage did oil prices increase during the 1979 oil crisis?
A) 100%
B) 25%
C) 400%
D) 50%
  • 4. How long did the price increases last during the 1990 oil price shock?
A) Six months
B) Nine months
C) One year
D) Three months
  • 5. What occurred during the 2020 Russia–Saudi Arabia oil price war?
A) Prices increased by 100%
B) Production stopped completely
C) Prices declined more than 50%
D) Prices increased by 400%
  • 6. What was the primary driver of the 2022–2023 Russia–European Union gas dispute?
A) The nationalization of Iranian oil
B) A blockade of the Strait of Hormuz
C) A global surplus of natural gas
D) Russia's invasion of Ukraine
  • 7. What led to the oil price increase in the 2026 Strait of Hormuz crisis?
A) Iran's closure of a shipping lane
B) A sudden spike in consumer demand
C) The collapse of global oil refineries
D) The peak oil phenomenon
  • 8. What is the definition of peak oil?
A) The total depletion of all known oil reserves
B) A sudden increase in oil production by OPEC
C) A hypothetical time when oil production enters permanent decline
D) The moment oil prices reach their highest historical point
  • 9. Which of the following events occurred in 1990?
A) The Iran Oil Crisis
B) The mini oil-shock
C) The Russia-Saudi price war
D) The first worldwide oil crisis
  • 10. What specific action did EU member states take during the 2022–2023 dispute?
A) Sought to exclude Russian natural gas imports
B) Invaded the Strait of Hormuz
C) Increased oil production by 50%
D) Nationalized all foreign-owned oil rigs
Created with That Quiz — where a math practice test is always one click away.