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30 Cards in this Set
- Front
- Back
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who was the support fot the anglo-american petroleum agreement after Harold Ickes? |
Navy secretary James Forrestal
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what was the major stimulus for post war oil production during after 1945?
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the explosion of the number of cars in service.
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what contributes as a major reason for post war oil shortage?
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the slow process of transforamtion of the oil industry from producing military oil into commercial oil.
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what is ARAMCO the acrynom of?
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arabian american oil company
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what companies consist Aramco?
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the joint venture between Socal and Texaco
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when facing the many complex peoblems when it comes to post war production in saudi, what was Aramco's stratagy?
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to form a bigger joint venture
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what was the only requirement behind the expanding joint venture of post war saudi oil production, proposed by US govt and the saudi king Ibn Saud?
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that the joint venture remains 100% american
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what were the two companies that qualify for the expanding joint venture of post war saudi oil production?
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standard oil of new jersey and socony vacuum
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what obstacle stood in front of socony and standeard oil of new jersey for them to get into the post war saudi oil production?
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the red line agreement
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how did socony and stadard of new jersey managed to break the red line agreement?
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by claiming that the agreement is invalid since their holdings were seized by Nazi during WWII.
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what were the four major parties that socony and stanard of new jersey need to negotiate to dissolve the red line agreement?
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anglo-persian, shell, CFP, participations and investments(P&I)
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what does CFP stand for?
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Compagnie française des pétroles
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on what day was the final document signed regarding the expanded jonint venture in saudi, by who, and what were the percent shares?
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on March 12, 1947. by Socal, Texaco, Socony, and stadard of new jersey. Socal, Texaco, stadard of new jerseyeach holding 30%, Socony 10%.
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when did Gulbenkian and socony, standard of new jersey resolve their conflict on dissolving the redline agreement?
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on November 1948, the establishemnt of the Group Agreement.( which re-constituted the Iraq Petroleum Company)
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what dilemma did Gulf oil face in Kuwait and how did it resolve it?
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Gulf had no markets to sell the crude and it formed a contract with shell because shell also lack crude from the middle eastern region.
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how did the soviet union react to its drop of oil production after WWII?
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it was trying to step in Iran for oil.
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How did Anglo-Persian react to Soviet Union's aggressive step into Iran?
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it brought Socony and Jersey into the business and formed a contract for 20 years in 1947
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what was the name of the plan that US secretary of state iintroduced in a Harvard commencement that will help reconstruct the economy of post war Europe and what was is later known as?
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European Recovery Program, later known as the Marshall Plan
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what fundamental change did Marshal Plan did to european economy?
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it changed the economy from coal based to oil based.
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what was the driving force behind the shift of european economy from coal based to oil based?
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the lack of coal and strikes of mining workers
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what was the name of the pipeline that would carry saudi oil to the Mediterranean?
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Trans-Arabian Pipeline, or Tapline
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what were two major obstacles in building the Tapline?
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shortage of steel from US because of govt control, and the exorbitant transit fees required from the countried that the Tapline would cross.
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what were the reasons that put synthetic oil out of prospect of a future market?
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the price for synthetic gasoline could cost up to 3.5 times the price of conventional oil and foreign oil resources were abundant.
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who was the leader to construct offshore rigs in gulf of mexico and actually struct oil?
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Kerr McGee
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what was the next alternative to imported oil after synthetic oil and offshore oil production?
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natural gas
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what were the names of the pipelines in US built in wartime under the purpose of transporting oil from southwest to northeast?
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big inch, little inch
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who were the big inch and the little inch sold to and what were they used for?
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sold to Texas eastern transmission company and turned into gas pipelines.
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what was generation of 28 refering to?
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students at the universidad central in caracas who rebelled against General Gomez, Venezuela's dictator, in 1928.
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what was the dominating source of cash economy of Venezuela during 1930s? |
OIL
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when venezuela was demanding for higher rent over its concession with Jersey and Shell, who was the man inside Jersey that supported the idea to adapt rather than standing still?
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Wallace Pratt. |
