Energy: Geopolitics Flashcards
1
Q
OPEC
A
Controls supply of oil to influence global price
50% of crude oil exports
2
Q
Higher price means
A
Lower use
More sustainable
3
Q
Saudia Arabia
A
Good links to USA - could change with leadership, reform or terrorism
4
Q
Things that affect supplies
A
Uprisings (LIBYA)
Terrorism (IRAQ)
Trade embargo (IRAN)
Annexation (RUSSIA)
