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
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
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