Chapter 24 section 4

What was the main reason Iraq invaded Kuwait in 1990?

• To gain control of Kuwait's oil reserves

• To establish a new government in Kuwait

• To expand Iraq's territory for agricultural purposes

• To form a political alliance with Kuwait

Which organization was formed by oil-exporting countries to regulate oil prices?

• NATO

• OPEC

• UN

• WTO

How did oil-importing countries respond to Iraq's invasion of Kuwait?

• They imposed economic sanctions on Iraq

• They formed a coalition to drive Iraq out of Kuwait

• They increased their own oil production

• They negotiated with Iraq for oil supply

What was the outcome of the Persian Gulf War in 1991?

• Iraq gained control of Saudi Arabia

• Kuwait was freed from Iraqi control

• OPEC disbanded

• Oil prices dropped significantly

Why do oil-exporting countries want to maintain a steady supply of oil?

• To ensure a steady flow of money into their countries

• To reduce global oil consumption

• To increase competition among buyers

• To decrease their dependency on oil

What challenge does OPEC face in controlling oil prices?

• OPEC members produce all of the world's crude oil

• OPEC members always act as a united group

• OPEC cannot control all of the world's oil sales

• OPEC has no influence on oil prices

Which countries contributed two-thirds of the money for the 1991 Persian Gulf War?

• Oil-importing countries

• Oil-exporting countries

• European countries

• Asian countries

What was a major concern for oil-importing countries during the Persian Gulf War?

• Losing control of their oil reserves

• Energy shortages due to disrupted oil flow

• Increased oil production in Iraq

• Decreased oil prices

Which of the following countries is not a member of OPEC?

• Venezuela

• Nigeria

• Russia

• Libya

What was the environmental impact of the Iraqi troops setting oil wells on fire in Kuwait?

• It caused a significant drop in global oil prices

• It filled the sky with thick black smoke

• It led to the formation of new oil reserves

• It improved air quality in the region