6.5a mismatch between supply and demand of fossil fuels Flashcards

1
Q

gas

A

LARGEST GAS PRODUCERS

USA
Russia
Iran
Canada

LARGEST GAS IMPORTERS

Germany
Japan
Italy
UK

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2
Q

oil

A

oil is demanded as a transport fuel so it can’t be substituted with natural gas or coal

therefore there are deeper global market differences between consumers and producers

China imports 6.1 million barrels per day
USA 5.1
Japan 4.2

mostly supplied by OPEC and North American countries
e.g. Saudi Arabia is an oil-exporting country

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3
Q

coal

A

a number of the leading consumers of coal are also producers
Australia, Poland, Germany, Russia, China, USA

China and the USA are the largest producers and consumers

high transport costs relative to a low energy density

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