L3 - Emerging Trends Flashcards
Describe the inequalities in the consumption of oil
High consumption in ‘western’ developed nations and low consumption in poorer developing nations
Outline why demand for oil is increasing in emerging economies
Increasing wealth/income and rise of middle class earners means more demand for products such as cars/ white goods / air conditioning so higher consumption
Explain why rising GDP per capita leads to changes in consumption of energy
Increase in disposable income means higher demand for products (e.g. cars / phones etc.) which require oil to make/fuel (higher consumption).
Explain why rapid industrialisation leads to changes in consumption of energy
Change in economic sectors and increase in manufacturing output requires large amounts of energy - for production in factories and transport/shipping
Explain why emerging countries are seeing the greatest rises in energy consumption
Emerging economies are rapidly industrializing with TNCs/FDI offering greater access to employment and thus higher incomes (increases consumption)
Explain the role of smartphone technology in changes to consumption of energy
More products (plastic) means higher consumption, but more people working from home means lower transport consumption
How may Indonesia’s relationship with China cause a change in oil price
Conflict over Spratly Islands in S/China Sea may lower supply of oil and increase its price
Why may Indonesia be classed as energy insecure
Production peaked in 1970s and is falling - and demand is rapidly increasing - reliance on unreliable foreign imports