Conventional Fosiil Fuels Flashcards
How much global energy supply is from fossil fuels?
86%
What determines supply of fossil fuel?
Determined by physical geography e.g. climate, sedimentation
Currently, demand is greater than supply
Oil
Biggest primary energy source, essential for global transport
Has large mismatch of supply and demand (Supply in Middle East + Russia, demand in Europe, Asia, USA)
Natural Gas
Also has mismatched supply and demand
Large demand in Asia, yet supply is in USA, Russia, Middle East
Which region has the largest mismatch of oil/gas?
Asia, as it has extremely high demand but no supply
Since 1990 energy consumption has increased by around 70% due to rapid industrialisation in countries like China, India