Resource Security Flashcards
resource
any aspect of the natural environment that can be used to meet human needs.
they have economic value and so can improve a country’s wealth or economic development.
they are unevenly distributed around the world, this results in trade.
flow
a synonym for renewable resources.
renewable
Know as infinite. Have a natural rate of availability. Have a continuous yield which can be consumed at any time without endangering future consumption
stock
a synonym for non-renewable resources
non-renewable
Known as finite. Have been built up over millions of years. They cannot be used without depleting the stock and they will eventually run out.
sustainable development
development that meets the needs of the present generation without compromising the needs of future generations
non-critical renewable
everlasting resources
critical renewable
sustainable energy resources that require careful management or else they will run out
primary energy
energy sources in raw form that are used to produce secondary energy resources
secondary energy
manufactured sources of power
resource security
the ability of a country to safeguard a reliable and sustainable flow of resources to maintain the living standards of the population while ensuring economic and social development
recyclable
the process of converting waste materials into new materials and objects. Recycling can prevent the waste potentially useful materials and reduce the consumption of fresh raw materials
what are the 3 steps of natural resource development
- exploration
- exploitation
- development
exploration
the process of searching and area to try and find, map and evaluate the size of natural resources
exploitation
the action of extracting and using natural resources to the fullest or most profitable use
development
the action of refining, distribution, marketing and sales of a resource
what factors decide whether to exploit a resource or not
quantity quality laws accessibility technology economic viability market price attitudes of people/ government environmental impact
development of a resource will only go ahead if it is…
economically viable
explain the 7 stages of non-renewable resource development
geological exploration (UPSTREAM) if successful and viable initial drilling and establish extraction infrastructure extraction storage and transport processing/ refining distribution to markets (DOWNSTREAM)
as of 2018 what % of global energy is supplied by fossil fuels
81%
name 5 examples of resource frontiers
Chad, Africa South Sudan, Africa Amazon rainforest, Brazil The Arctic Mongolia
resource frontier
a place with natural resources that are being exploited for the first time.
often very remote areas with technical difficulties and have environmental sensitivities
sometimes in politically unstable areas
they are developed as other resources are depleting
increased demand makes it economically viable
resource peak
when a stock resources reaches maximum production level. After this supply will decline and prices will rise
what is an example of a resource peak
peak oil
when did the UK pass peak oil
1999
what can result in the slowing down of depletion of peak oil
new technology which allows hard to reach reserves to be exploited
what kind of countries consume the most energy
mainly HIC’s
which countries consume the largest amount of energy
china is the largest consumer and USA is the second largest
However, the USA consumes more energy per capita than China
why has there been a rapid increase in energy consumption worldwide in the last 50 years
due to rise in living standards and countries start to industrialise very rapidly
-0.5 to 0.5
no significance
0.5 to 0.7
limited positive correlation
-0.5 to -0.7
limited negative correlation
-0.7 to -1.0
significant negative correlation
0.7 to 1.0
significant positive correlation
factors influencing energy consumption
technology resource availability energy efficiency GDP per capita government policy environmental concerns cost of energy supplies population size
what is the most traded fossil fuel
oil
why is oil in such high demand
due to the mismatch between areas of production and consumption
what problems does the trade of oil cause
environmental risks due to pipelines and tankers.
geopolitics issues with Middle Eastern countries.
what are the problems with trading gas
can be traded through pipelines which are very expensive.
the trade can be disrupted by political issues
what type of energy is not usually traded
renewable energy
what type of renewable energy can be traded
electricity
why can’t renewable energy be traded
they provide energy in situ
how can electricity be traded
can be traded across international borders via interconnectors
what is an example of an interconnector
UK, France
why is coal less economically viable to trade
it has lower value and is very bulky so hard to transport
geopolitics
the way in which political decisions and processes affect the way space and resources are used on an international scale
energy pathway
the flow of energy from the producer to the consumer
energy security
the uninterrupted availability of energy sources at an affordable price
OPEC
organisation of petroleum exporting countries.
its members own half of the worlds oil reserves.
how can the OPEC manage oil sale
they can cut production and raise the price or they can increase production and reduce the price
energy surplus
meaning a country has more energy than is needed, so they can export
example of energy surplus
saudi arabia
energy deficit
a country doesn’t have the energy resources required the fulfil demand, they have to import energy
example of energy deficit
UK
what two countries are energy sufficient
Brazil and Denmark
where does the UK import energy from
many countries
net importer
countries that import more than they export
net exporter
countries that export more than they import
describe the geographical distribution of the top 10 oil producers
concentrated in the Middle East and the rest are widely distributed
what are the benefits to a country being a top 10 oil producer
they are energy sufficient and do not need to rely on imports, they can also export energy to make a profit boosting their economy
why might the pattern of oil producing countries change in the future
resource frontiers allow more oil to be extracted along with new technology
what kind of countries are oil importers
HiC’s and EE’s
why would countries need to import oil
if they have a energy deficit
why are the countries that import oil potentially vulnerable
they are vulnerable to rising prices
what are the 8 factors that can disrupt energy pathways
- price and payment disputes
- piracy
- conflict closing choke points
- political unrest
- diversion of supply
- technical problems
- supply runs out
- natural disasters
when was the 1970’s oil price shock
October 1973 - march 1974
what did the oil barrel price rise to in the oil price shock
$3 to $12
what caused the 1970’s oil price shock
Arab oil producers imposed an emarbgo on western countries in response to supporting Israel in the Yom Kippur war
what was the advantages as the oil price shock for the UK
the North Sea resource frontier was established (because it was economically viable) allowing the uk to become a net exporter
high oil prices encouraged the move to smaller cars made by Japanese companies, their experience resurrected uk manufacturing
what were the disadvantages of the oil price shock for the UK
price of petrol rocketed so transport more expensive
trade unions claim for higher wages and the introduction of 3 day week
high food prices due to global shortages
what physical geography influences sources of energy
geology
climate
drainage