Chapter 11 - Lecture Summary

Question 1

William Knox D’Arcy

Answer 1

Founded British Petroleum, established oil in the Middle East.

Question 2

Pierre Trudeau

Answer 2

Created Petro-Canada during the 1970s energy crisis.

Question 3

OPEC

Answer 3

Oil cartel controlling prices and supply, significant in the 1973 embargo.

Question 4

1953 Iranian Coup

Answer 4

Orchestrated to secure Western oil interests.

Question 5

1973 Oil Embargo

Answer 5

OPEC’s action caused a global energy crisis.

Question 6

Privatization of Petro-Canada (1980s–1990s)

Answer 6

Shifted Canadian oil to private hands.