Carbon 2.5 Flashcards
Discuss energy pathways of coal
Largest producers- India, US and China - also import coal. Indonesia and Australia export coal to China, India, South Korea and Japan
Discuss energy pathways of oil
significant pathways.
Main supplies are clearly Middle East (no.1 producer) to Europe and Asia and Russia to Europe
Discuss energy pathways of gas
Similar pathways to oil
Can either be transported via pipelines, such as Russia to Europe or converted to LNG and transported by ship such as Middle East to Europe
What was the transfer of gas from Russia to Europe like before the Ukraine war?
Russia is the second largest producer of gas and much of its exports once went to Europe via four pipelines
Why can the recent attempt to annex Ukraine potentially be justified by energy pathways?
Alongside the threat of Ukraine joining NATO, three of the four pipelines transferring gas to Europe cross Ukraine, meaning Ukraine could threaten to increase the price of transfer through its territory. If they annexed Ukraine, this would no longer be of concern
How has the supply of oil and gas to Europe from Russia changed since the beginning of the war?
-EU banned Russian oil import by sea
-Russia only receive 48 pounds per crude oil barrel
-EU cut gas imports by 2/3rds within a year of the start of the war
What shows that the EU was successful in reducing natural gas from Russia?
In 2021, Russia supplied EU with 40% of natural gas but this dropped to 17% by August 2022
Where are European countries now getting gas from instead of Russia?
Looking to ship LNG, with 12 ports planning to be built around Europe (although this raises concerns about long term reliance on fossil fuels)
Where are Russia now exporting fossil fuels to instead of Europe?
Moscow is still losing $175m a day from fossil fuel export restrictions, but it’s instead transporting oil to India and China, making up 70% of all Russian crude oil flows by sea
In 1985, how much was the Treasury earning every hour from North Sea reserves?
2.5m
How did the changing price in oil contribute to a global recession in 2008?
In the 1980s, large amounts of oil was discovered, making the price of oil cheaper than bottled water. This meant economies became reliant upon oil. However, by 2006, the population was demanding 4x as much oil compared to 2000 causing prices to rise . By May 2008, it cost 147 per barrel, showing demand outstripped supply as standard of living increased. This caused recession
What % of global energy mix still comes from fossil fuels?
86%
By what % has global energy consumption increased by since 1990?
50%
What makes energy pathways vulnerable?
eight global chokepoints - over half the world’s oil goes through here including Suez Canal and Strait of Hormuz. If they are blocked energy prices can rise quickly
Examples of unconventional fossil fuels?
Tar sands
Oil shale
Shale gas
Deepwater oil