6. Sources Of Energy Flashcards
Describe the change in energy demand overtime.
Describe the change in energy supply overtime.
What is primary energy?
Any energy that upon release is used directly.
Give an example of primary energy.
What is secondary energy?
Where one type of energy is released in order to transform it into another type of energy.
Give an example of secondary energy.
Where are some key locations for coal production?
What are the key trends over time in coal production?
What are some key locations for oil production?
What are key trends in oil production over time?
What are some key locations for the production of gas?
What are some key trends in gas production over time?
What are the advantages of this stock resource - oil?
- Flexible, easy to transport fuel
- It is indispensable in road transport and petrochemical industries
- Leading tradable commodity
What are the disadvantages of this stock resource - oil?
- High price volatility
- Geopolitical tensions in areas with the largest reserves
- Market is saturated by leading oil-producing countries and large TNCs
What are the advantages of this stock resource - natural gas?
- Cleanest of the fossil fuels
- Flexible and efficient fuel for power and heat generation
- Increasing proved reserves from unconventional sources (e.g shale gas)
What are the disadvantages of this stock resource - natural gas?
- Reserves are increasingly offshore or in more remote areas (difficult to access)
- Large investment requirement for gas transport and distribution
- Increasingly long supply routes with high infrastructure costs
What are some advantages of this stock resource - coal?
- Wider geographical distribution and more plentiful reserves
- New technologies to improve environmental performance
- Stable prices
What are some disadvantages of this stock resource - coal?
- High emissions released of carbon, particulates and other pollutants
- Environmental mitigation such as carbon capture and storage have a negative impact on energy efficiency
