Energy players- Lesson 7

Question 1

What role do TNC’s play in securing energy?

Answer 1

TNC’s are involved in extracting transporting, refining and producing petro chemicals

Question 2

How do TNC’s influence government policy?

Answer 2

They have their headquaters and production facilities in countries which accomodate them. TNC’s will then put pressure on the govt to have favourable policies towards them in order to keep them there

Question 3

Give an example of TNC that has an influence on Energy?

Answer 3

BP
Petrochina
Royal dutch shell
Gazprom

Question 4

How does OPEC have a role in energy supply?

Answer 4

They coordinate petrol prices to ensure fair and stable prices for consumers and a fair return on Capital for those investing into the industry

Question 5

Give an example of the countries which OPEC operate in?

Answer 5

.Saudi Arabia
.Qatar
.Iran
.UAE
.Libya
.Iran

Question 6

How do govts play a roll in securing energy?

Answer 6

They must take action meeting international obligations and secure energy supplies for nations and to support future economic growth

Question 7

How do Denmarks government play a role in supporting energy security?

Answer 7

They have a holistic regulatory approach with all political parties committed to a long term energy policy

Question 8

How do consumers play a role in securing energy?

Answer 8

Consumers create demand for energy through purchasing power. Consumers can also decide who they want in government which will affect how energy is used

Question 9

Give an example of where consumers played a role in securing energy

Answer 9

Purchasing electric cars over a diesel or petrol car