Energy security Flashcards
What is National / Global energy consumption often measured in and what does it relate to?
Tonnes of oil equivalent (toe) per capita and correlates best with GDP per capita
What is the point of an energy mix?
A diversified supply mitigates risk of supply disruption. The correct mix brings energy security
What can energy security be broken down into?
Economic security and Physical security
Give an example of an energy mix
Primary sources such as raw materials and secondary sources produced from primary. Both domestic and foreign sources used
What is the dominant energy source in developing countries?
Traditional biomass such as wood
What is the dominant energy source in emerging countries?
Fossil fuels such as coal
UK power source in 2021 percentages
Coal - 2%
Gas - 45%
Nuclear - 17%
Wind - 27%
What energy source is the UK investing heavily in?
Nuclear
What role do Energy players have?
securing, setting up and maintaining Energy supplies and Energy pathways
Examples of energy players?
Shell, Gazprom, Opec, EDF, China General Nuclear
Outline OPEC
Its members are oil producing countries like Saudi Arabia where oil is their main or only export and is therefore vital for social and economic well being.
What percentage of global oil reserves do OPEC members control?
81%
Example of what OPEC do?
OPEC set oil production quotas to respond to economic conditions boosting supply when demand rose and reducing supply when demand fell
What is the role of National Governments?
To meet international obligations whilst securing energy supplies for the nation . They also regulate private companies and set environmental priorities
What is the role of the consumer?
Create demand, protest against certain sources of energy such as fracking and nuclear, vote with their money
