Energy security - Global distribution/Geopolitics. Flashcards
Give an example of high energy producers
China,
USA,
Russia,
Saudi Arabia (oil)
Give an example of low energy producers
Angola (large oil reserves but politically unstable)
Spain (lacks fossil fuel reserves)
Give an example of high energy consumers
China
USA
India
Russia
GDP + energy consumption - correlation
Give examples of low energy consumers:
Ghana (LIC)
Sudan
Mongolia (remote and lack infrastructure)
Factors influencing changes in patterns of production now and in the future?
Technology
Money
Education
How many member countries are there in OPEC?
13
What did OPEC do twice in the 1970s?
Restricted oil supply to the market to bolster prices.
Why has OPEC’s control decreased?
Development of oil resources in non OPEC countries.
How have global situations affected OPEC?
COVID 19 - oil prices dropped.
How have TNCs helped the UK increase its energy security?
NatPower - plans to invest £10bn into battery storage projects in the UK.