Resource Security - Energy Flashcards
Who are some high energy producers?
- Large oil reserves = Iran, Saudi Arabia.
- Large coal reserves = China, Australia.
- Large oil and gas reserves - UK, Russia, Canada.
- Large coal, oil, gas reserves = USA, Indonesia.
Have lots of natural resources and money to exploit them.
Who are some low energy producers?
- Large oil reserves, but politically unstable and lacks money = Angola
- Relatively wealthy, but small fossil fuel reserves = Spain.
Few resources, or unable to exploit resources due to lack of money or political instability.
Who are some high energy consumers?
- Wealthy countries tend to consume lots of energy per person = Sweden, USA.
- Some import large amounts of energy = Ireland, Italy, Spain, Japan.
Can afford it = have electricity and heating, use energy-intensive devices.
Who are some low energy consumers?
- Poorer countries consume less energy per person as can’t afford it = Ghana, Mongolia.
- Some export lots of energy but consume little = Canada, Saudi Arabia, Norway, Australia.
Unable to afford it, less energy available, lifestyles less dependent on high energy consumption than richer countries.
What are some of the reasons for the changing patterns of energy trade?
- Gas production/trade expected to increase as oil prices rise. It is difficult due to costs of infrastructure.
- Western Europe over reliant on Russian supplies.
- TNCs are important in increasing exploration and distribution of resources.
- OPEC trade still important, but less important compared to the past due to discovery of resources through fracking.
What is an example of energy geopolitics?
- Trade relations between Russia and Europe threatened because of Russia’s support for separatists in Eastern Ukraine, and its annexation of Crimea.
- Ukraine’s government allied with Europe, leading to the EU to place more sanctions on Russia, even though puts Europe’s gas supply at risk.
What is OPEC?
Organisation of Petroleum Exporting Countries.
- Has 13 members - Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, United Arab Emirates, Venezuela.
- Has 79.4% shares of world proven crude oil reserves in 2018.
- In 1970s, restricted the supply of oil to the world market. This raised prices. This meant that the USA and EU looked to energy alternatives to be less reliant on OPECs.
What is energy security?
Having ongoing access to a reliable supply of energy sources that a country requires for its needs now and into the foreseeable future.
What is energy transition?
A pathway towards zero carbon from energy production and use towards the end of the 21st century.
What is primary energy?
Energy sources obtained in their natural, raw form e.g. oil, coal, gas, wind, running water.
What is secondary energy?
Energy that is transformed or converted from primary energy sources into manufactured.
What are the advantages and disadvantages of oil?
+ Indispensable in road transport and petrochemical industries (plastic).
+ Easy to transport.
- High price volatility.
- Geopolitical tensions in areas with the largest reserves.
What are the advantages and disadvantages of natural gas?
+ Cleanest of fossil fuels.
+ Efficient fuel for power and heat.
+ Increasing proved reserves from unconventional sources.
- Reserves increasingly offshore or in more remote areas.
- Large investment requirement for transport.
- Increasingly long supply routes with high infrastructure costs.
What are the advantages and disadvantages of coal?
+ Wider geographical distribution and more plentiful reserves.
+ New technologies to improve environmental performance.
+ Stable prices.
- High emissions of carbon particulates.
- Environmental mitigation such as CCS have a negative impact on energy efficiency.
What is Energy Mix?
Various energy sources and their proportional contributions that meet a nation’s energy needs.