Consumption And Trade Of Non-Renewables Flashcards
What is the OPEC?
The organisation of petroleum exporting countries- a trading group set to represent 13 countries, mainly in the middle east, in which over half of the world’s oil reserves are located.
What two areas are heavily dependent on oil imports and why?
Western europe and japan- because production cannot meet massive domestic demand.
What role does OPEC have over oil?
It can introduce quotas to control oil prices. Its influence has reduced as the high price of oil has allowed more expensive fields to be bought inti production.
What is driving up the price of oil?
Global economic expansion.
What other factors apart from increased demand influences the rise in the price of oil?
> companies having less stock to make more efficient
terrorist threats in the middle east
saudi arabia and iraq sabotage attacks on oil facilities
OPEC accounts for 50% of the world’s crude oil exports
actions of analysts and speculators
What percentage does natural gas hold in the in the world’s total energy consumption?
Nearly 25%
How much of the natural gas is used by the USA?
27.2%
What will happen to the demand for natural gas over the next 20 years?
Increase (through reserves in developing countries).
Why is natural gas difficult to transport?
It is complex and requires enormous investment. Liquefied natural gas tankers accounted for most internationally traded gas but a small proportion was transported by pipeline.
What are the negatives of transporting natural gas by pipeline?
Construction and management is expensive; poses legal, logistical and environmental problems.
What countries transported natural gas by pipeline in 2000?
Norway and the Netherlands etc.
What percentage of the world’s energy is generated by coal?
40%
What are the three most important producers of coal?
China, the USA and Russia
Why did the coal industry decline in many European countries?
Because of domestically produced oil becoming more expensive than that imported from abroad.
What is the future of coal use linked to?
The availability of oil and natural gas.