En 2.5 - Big Energy Players Flashcards
1
Q
What are the four principal goals of OPEC?
A
1- Stabilising oil prices
2- A steady income for the producing nations
3- A steady supply for consuming nations
4- A fair return on capital invested in the petroleum industry
2
Q
Which country has the biggest share of known crude oil reserves?
A
Saudi Arabia
3
Q
What are the two main benefits of being an oil rich nation?
A
Allows for export led growth and gives political power
4
Q
What does BP’s future look like?
A
Sustainable development and green growth (mainly solar)
5
Q
What is the dominant type of energy OPEC supply?
A
Oil and Gas
