2) Counting the Cost of Reliance on Fossil Fuels Flashcards
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Trends in fossil fuel usage
Coal has increased at a steady rate since the 1800s, Crude oil took off around the 1910s and natural gas took over around the same time massively to current day.
Factors causing increased fossil fuel usage
Increased world population, Increased number of goods and services, Increased travel and Capitalism
who dominated the world’s economies around 2000 years ago?
China and India
Top 5 economies in 1960?
USA, Japan, Germany, France, UK
what about in 2019?
USA, China, Japan, Germany, India
How about in 2050? (prediction)
China, India, USA, Indonesia and Brazil
What are the BRIC nations, what is predicted to happen to their economies?
Brazil, Russia, India and China. Their economies are predicted to rise significantly over the next 20- 30 years.
The impact of these countries economies growing in terms of resource demand:
More infrastructure, technology, health care needs, energy consumed and higher lifestyles, all increasing the use of fossil fuels.
The importance of population: How much of the population do these countries take up?
The Bric countries take up 40.9 percent of the population and China and India take up 36.3 percent on their own.
What is fuel security?
The uninterrupted availability of energy sources at an affordable price.
What are the two important parts of this definition?
Uninterrupted availability and affordable price.
Uninterrupted availability means:
Energy should always be available when required.
Potential problems with this:
Foreign relations and safe transportation routes
Affordable price
energy sources need to be affordable more than anything else.
Current fossil fuel reserves
Nations with large fossil fuel reserves do not need to worry about fuel security.