3.1d Flashcards
What are the 4 risks to energy security?
Physical, environment, economic, geopolitical
What has questioned energy security in recent times?
sustained growth in demand for energy
What is a measure for energy security?
ESI energy security index
What does the ESI measure?
assess the extent to which a country may look forward to a reliable and affordable supply of energy.
Calculation of the degree of risk is based on information about… (3 things)
Availability, diversity, intensity.
What does availability mean?
amount and longevity of each country’s domestic oil and gas supplies.
What does diversity mean?
the range of energy sources
What does intensity mean?
degree to which the economy of each country is dependant on oil and gas
what are the 4 levels of risk?
Extreme, high, medium, low
What is the ESI value for each level of risk?
Extreme is less than 2.5,
High is 2.5-5,
Medium is 5-7.5,
Low is greater than 7.5
Heavy importers of oil and gas show what level of risk…
Low
Countries with large reserves show what level of risk…
Low
Medium size developing countries show what levels of risk…
Medium
Why does the USA have a higher risk than we think?
because its huge consumption and imports overshadow its significant oil and gas resources.
What does low risk in African countries reflect?
low consumption or existence of untapped resources.
