4. Global Patterns Of Production, Consumption And Trade - Energy Flashcards
How much is energy demand set to increase by 2040?
37%
Describe the ‘Energy Trilemma diagram’
The model combines 3 key components:
1. Energy security (a reliable and sufficient supply of energy to meet current and future needs)
2. Environmental sustainability (the responsible management of natural resources without compromising future needs)
3. Energy equity (ensuring everyone has access to reliable and affordable energy services)
- when these elements are balanced, prosperity and competitiveness between individual countries is enabled.
What are the factors that influence the size and direction of trade flows?
- The ability of an area to secure its own internal energy sources (e.g opening up the North Sea for Uk oil exploration licenses)
- Investment decisions by global energy TNCs (BP in the Arctic)
- Cost of extraction and transportation
How many people have no electricity and depend entirely on fuelwood?
1 billion people in poor countries
What percentage of fossil fuel reserves do developed countries consume?
70%
Explain the concept of load shedding.
Describe global patterns of energy production
- Countries like South Sudan and Angola have given their rights over to TNCs to increase production of gas and oil
- Increases in oil and gas prices have led to unconventional resource production (shale oil and gas)
Describe global patterns of coal production
- China produces nearly 5 times the amount of coal as the 2nd top producer (USA)
- USA has the greatest capacity of proven recoverable coal reserves
Describe global patterns of oil production
- 70% comes from Middle East, North America and Russia
- The USA has become the top producer by exploiting unconventional sources (e.g fracking and tar sands)
- Saudi Arabia have the highest oil security (over 250 thousand million barrels)
Describe global patterns of gas production.
- 22% of global energy mix
- Largest gas reserves are found in Russia
- In 2017, the USA was the top natural gas producer (642 Mtoes)
Describe global patterns of nuclear energy production.
- France relies on nuclear energy for 75% of its energy mix (the USA and France produce the most electricity from the nuclear fission of uranium)
- China plans to majorly increase its nuclear energy capacity
Describe global patterns of renewable energy production.
- Fastest growing type of energy production, accounting for 18% of the world energy mix
- China has the highest total renewable energy capacity in the world (545 GW) mostly from HEP
- 40% of renewables is from LICs using fuelwood
Describe global patterns of oil consumption
- USA is the largest oil consumer
- Oil consumption has declined as it has been displaced by natural gas and nuclear for electricity production
- Accounts for 90% of energy consumed in the transport sector
Describe global patterns of natural gas consumption
- Gas consumption has tripled over the past 40 years (e.g due to the development of long gas pipeline connections)
- Accounts for 1/5th of global energy consumption
Describe global patterns of coal consumption.
- China, USA, India and Russia account for 75% of global coal consumption
Describe global patterns of coal trade.
- China produces 46% of global coal and consumes 57% of their own production
- USA produces 12% of global coal and consumes 92% of their own production
Describe global patterns of oil trade
- Crude oil trade is dominated by Middle Eastern countries who trade with China, Europe and North America
- Russia trades with Europe, Asia and Oceania
Describe global patterns of gas trade.
- Middle Eastern natural gas exports have increased by 223% from 2004-2014
- South and Central American exports have increased by 79% from 2004-2014
Why patterns of production have emerged as reserves of fossil fuels in richer countries have gone past peak production?
- More exploration and production of oil and gas reserves in less developed countries where governments have given exploration rights to TNCs
- Increased development of unconventional resources
Why has energy consumption in high-income countries stabilised?
- More energy conservation
- More energy efficient technologies
- Fewer energy intensive industries
Why might energy consumption increase in developed countries?
- High standards of living demand more electrical and electronic devices
- High rates of vehicle use
Why has energy consumption in developing and emerging economies increased?
- Rapid industrialisation
- Urbanisation
- Rising incomes
Why has natural gas consumption increased?
- Development of long gas pipeline connections
- Development of liquefied natural gas plants
- It is less pollutive than other sources (more environmentally ethical energy source)