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| 1. You receive in the mail, a list of 3 "great stocks to own." About a month later, you receive a second mailing, showing how well these 3 stocks have done, and suggesting 2 more stocks. About a month later, they send you a final letter suggesting that you subscribe to their great stock picking newsletter. Could there a trick behind this? |
| (A) Yes |
| (B) No- you can always go on the internet and check their results. If the performance of these stocks did go up significantly when you first received the newsletter and they are very actively traded, then their claim of success is verified. |
| 2. Cabinda, Pointe Noire, Odessa, Basra, Peace River oil field |
| (A) Angola, Ivory Coast, Texas, Iraq, Colorado (US) |
| (B) Mozambique, Sierra Leone, Texas, Iran, Oklahoma |
| (C) Angola, Congo, Louisiana, Iraq, Colorado |
| (D) Angola, Congo, Texas, Iraq, Canada |
| (E) Mozambique, Ivory Coast, Texas, Iraq, Canada |
| 3. Col Drake, Morris Muskat, Daylon Walton, Larry Lake |
| (A) Drilled the first oil well in New Jersey, worked for Gult Oil and wrote "Physical Principles of Oil Production, very rich owner of Walton's book store, Nice lake in Texas |
| (B) Drilled first oil well in Texas, worked for Gulf Oil and wrote "Physical Principles of Oil Production, Consultant, professor of petroleum engineering at the University of Montana |
| (C) Drilled the first oil well in Pennsylvania, worked for Gulf Oil and wrote "Physical Principles of Oil Production", Consultant at Roebuck- Walton, Inc and wrote chapter 38 in Petroleum Engineering Handbook, entitled Water Drive Reservoirs, Professor of petroleum engineeing at University of Texas with numerous publications. |
| 4. Money: yen, sucre, peso, dollar, kwanza Note that since peso and dollars are common names, we usually say "New Zealand dollars, or "Phillipine peso" |
| (A) China, Peru, Costa Rica, Panama, Guatemala |
| (B) Korea, Ecuador, Colombia, Hong Kong, Chad |
| (C) China, Belize, Venuezela, Liberia, Andorra |
| (D) Korea, Ecuador, Honduras,Taiwan, Angola |
| (E) Japan, Ecuador, Cuba, Singapore, Angola |
| 5. Location of the Society of Petroleum Engineers headquarters |
| (A) Richardson, Texas |
| (B) Houston, Texas |
| (C) Odessa, Texas |
| (D) Huntsville, Texas |
| 6. Where did the word "Jeep" come from? |
| (A) Beats me. |
| (B) The first ones were made so poorly that customers felt they where gypped. |
| (C) Stands for the inventor, Jerry Edwards Elvis Peterson. |
| (D) It started as a military acrynom. |
| (E) People don't agree with the origins. |
| 7. Number of accidental oil spills greater than 700 tonnes shows a declining trend from 1970 to 2007. |
| (A) True |
| (B) False |
| 8. What is the largest oil spill in recent history? |
| (A) Valdez oil spill, occurring in March 1989 |
| (B) Ixtoc-1 well blowout, plugged in March 1980 |
| (C) Iraqi War, January 1991 |
| (D) Atlantic Empress Spill in Trinidad and Tobago, July 1978 |
| 9. An examination of all accidental spills incidences, show that the 84% of spills are small (< 700 tonnes). |
| (A) True |
| (B) False- the time frame is too short to draw this conclusion. |
| 10. When was the 1965 Mustang first offered for sale? (Extra credit, name who bought it) |
| (A) March 1964 |
| (B) June 1964 |
| (C) April 1964 |
| 11. What is the most eastern state in the United States? |
| (A) Maine |
| (B) Florida |
| (C) Alaska |
| (D) Newfoundland |
| 12. What state or country would you unlikely to go skiing? |
| (A) Lebanon |
| (B) Dubai, UAE |
| (C) Hawaii, USA |
| (D) South Africa |
| 13. Do they have a fourth of July in England? |
| (A) Yes |
| (B) No |
| (C) Only at pubs serving drunk Americans |
| 14. What elements may be alloyed in making stainless steel |
| (A) nickel and carbon |
| (B) chromium |
| (C) molybdenum |
| (D) A, B, C |
Correct Answers
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2,
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4,
5,
6,
7,
8,
9,
10,
11,
12,
13,
14,
| 1. (80) You receive in the mail, a list of 3 "great stocks to own." About a month later, you receive a second mailing, showing how well these 3 stocks have done, and suggesting 2 more stocks. About a month later, they send you a final letter suggesting that you subscribe to their great stock picking newsletter. Could there a trick behind this? |
| Answer: (A) Yes |
| Explanation: There may be no stock picking involved. We are in the computer age. The company might be sending out millions of letters. So the company could just randomly select 3 company names for each letter they send out. If these turn out to be winners, they send a second letter out, doing it again. Some letters are winners, some are losers and because they were randomly chosen, on average, they will reflect the average. |
| 2. (50) Cabinda, Pointe Noire, Odessa, Basra, Peace River oil field |
| Answer: (D) Angola, Congo, Texas, Iraq, Canada |
| 3. (10) Col Drake, Morris Muskat, Daylon Walton, Larry Lake |
| Answer: (C) Drilled the first oil well in Pennsylvania, worked for Gulf Oil and wrote "Physical Principles of Oil Production", Consultant at Roebuck- Walton, Inc and wrote chapter 38 in Petroleum Engineering Handbook, entitled Water Drive Reservoirs, Professor of petroleum engineeing at University of Texas with numerous publications. |
| 4. (60) Money: yen, sucre, peso, dollar, kwanza Note that since peso and dollars are common names, we usually say "New Zealand dollars, or "Phillipine peso" |
| Answer: (E) Japan, Ecuador, Cuba, Singapore, Angola |
| Explanation: Common error is to confuse Yuan (China's currency), Won (Korea's currency) and Yen. Kwanza means harvest in Swahili, an East African language, but Angola is West Africa. Some folks add an extra a to Kwanza, to make it seven letters- has to do with the seven principles of Nguzo Saba, which gets way too deep. |
| 5. (70) Location of the Society of Petroleum Engineers headquarters |
| Answer: (A) Richardson, Texas |
| 6. (130) Where did the word "Jeep" come from? |
| Answer: (D) It started as a military acrynom. |
| Explanation: D and E are correct. If you check both, you've got to points. See: http://en.wikipedia.org/wiki/Jeep |
| 7. (30) Number of accidental oil spills greater than 700 tonnes shows a declining trend from 1970 to 2007. |
| Answer: (A) True |
| Explanation: See www.itopf.com |
| 8. (40) What is the largest oil spill in recent history? |
| Answer: (A) Valdez oil spill, occurring in March 1989 |
| Answer: (B) Ixtoc-1 well blowout, plugged in March 1980 |
| Answer: (C) Iraqi War, January 1991 |
| Answer: (D) Atlantic Empress Spill in Trinidad and Tobago, July 1978 |
| Explanation: Iraqi war was the largest spill. There were large spills in World War II, as oil tanks were blown up. Ixtoc-1 holds the record for oil spilled into open waters from a well blowout. For more information, see: http://en.wikipedia.org/wiki/List_of_oil_spills |
| 9. (20) An examination of all accidental spills incidences, show that the 84% of spills are small (< 700 tonnes). |
| Answer: (A) True |
| Explanation: Of course, the time frame is important, which in this case is from 1974 forward. See www.itopf.com for details. |
| 10. (90) When was the 1965 Mustang first offered for sale? (Extra credit, name who bought it) |
| Answer: (C) April 1964 |
| Explanation: If you got this wrong, so did I. Even worse, I have owned two 1965 convertibles in my life. The first 1965 Mustang was sold to Stanley Tucker in Newfoundland, Canada. See link: http://www.thehenryford.org/exhibits/showroom/1965/mustang.html |
| 11. (110) What is the most eastern state in the United States? |
| Answer: (C) Alaska |
| Explanation: Ok. If you checked Newfoundland, you get a minus 10 points. This question was on the Miami-Herald Geography quiz, and I answered Maine. All those longitudes converge at the North Pole. If this answer really upsets you, go to: http://en.wikipedia.org/wiki/Semisopochnoi_Island Well, it is an uninhabited island. |
| 12. (100) What state or country would you unlikely to go skiing? |
| Answer: (D) South Africa |
| Explanation: In Dubai, there is skiing in the sand dunes. Hawaii has very limited snow, but there is skiing by Helicopter. |
| 13. (120) Do they have a fourth of July in England? |
| Answer: (A) Yes |
| Explanation: They have in fact, all the months of the year. |
| 14. (140) What elements may be alloyed in making stainless steel |
| Answer: (D) A, B, C |
| Explanation: Ok, a bit more complicated. See: http://en.wikipedia.org/wiki/Stainless_steel |
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