What Factors Affect Energy Supply?

Question 0

Economic

Answer 0

Onshore deposits of oil and gas cheaper than offshore deposits.
Building HEP more expensive near built up areas than not.
In poor countries, foreign investment often required for the development of energy sources.
When prices rise, companies increase spending on development and exploration.

Question 1

Physical

Answer 1

Fossil fuels found in a limited amount of areas.
Solar power needs an area with large amounts of sunlight.
Tidal power requires an area with a large tidal range.
Climate affects everything.

Question 2

Political

Answer 2

International agreements such as Kyoto protocol have significant influence over energy decisions of countries.
Governments may insist in companies producing certain amount of energy from renewable sources.