energy resource depletion and analysis Flashcards
(30 cards)
Who developed the Hubbert Method?
a. Queen Hubbert II
b. Hubbert Delphi
c. M. King Hubbert
d. None of the above
c. M. King Hubbert
When did the rise of the World Energy Crisis happen?
a. Early 1970s
b. Early 1980
c. Late 1990
d. Early 2000
a. Early 1970s
Hubbert famously predicted that U.S oil production would peak between ___ and ____?
a. 1973 and 1990
b. 1975 and 2000
c. 1965 and 1970
d. 1990 and 2050
c. 1965 and 1970
This method predicts the production cycle of finite energy resources using a logistic curve model.
a. Monte Carlo Method
b. Hubbert Method
c. Delphi Method
d. All of the above
b. Hubbert Method
The world’s energy landscape is characterized by a growing tension between ____ and _____?
a. Finite demand and supplies
b. Finite supplies and escalating demand
c. Finite imports and increasing exports
d. None of the above
b. Finite supplies and escalating demand
In 2021, coal reserves remained a major energy source, accounting for how many percent of energy production?
a. 53%
b. 45%
c. 60%
d. 27%
d. 27%
What caused the 1973 oil shortages?
a. Middle Eastern production cuts
b. OPEC oil imports
c. Too much oil used
d. All of the above
a. Middle Eastern production cuts
In the 20th century, energy concerns shifted with the rise of oil as a dominant energy source. The 1970s oil crisis marked a turning point, exposing the vulnerabilities of global independence on fossil fuels and the geopolitical power of oil-producing nations, particularly PAEC.
a. The first statement is true, the second statement is false.
b. The first statement is false, and the second statement is true.
c. Both statements are true.
d. Both statements are false
a. The first statement is true, the second statement is false.
Primary energy sources are found in nature and need to be extracted or harnessed. Secondary energy sources like electricity or hydrogen are produced from the conversion of primary sources.
a. The first statement is true, the second statement is false.
b. The first statement is false, and the second statement is true.
c. Both statements are true.
d. Both statements are false
c. Both statements are true.
Estimating global energy reserves is challenging due to the unlimited data on deposit size, cheap extraction costs, and technology. Despite imperfect information, we can analyze available resource data and consider how technological advancements, costs, and prices influence future energy availability.
a. The first statement is true, the second statement is false.
b. The first statement is false, and the second statement is true.
c. Both statements are true.
d. Both statements are false
b. The first statement is false, and the second statement is true.
This method is known as the estimate-talk-estimate technique, a qualitative forecasting approach that gathers and synthesizes expert opinion through iterative rounds of the questionnaire.
a. Monte Carlo Method
b. Delphi Method
c. Hubbert Method
d. None of the above
b. Delphi Method
These are the five developing countries that created OPEC in 1960
a. Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela
b. Iran, Saudi Arabia, India, Kuwait, and Malaysia
c. Arabia, Malaysia, Kuwait, India, and Iraq
d. Iran, Kuwait, Bahrain, Africa, and Brazil
a. Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela
According to the Annual Statistical Bulletin of OPEC, as of 2022 OPEC member countries hold approximately
a. 46%
b. 77%
c. 80%
d. 79.5 %
d. 79.5 %
In factors affecting resource recovery, the energy density of the resource is also important.
a. Nature of the deposit
b. Source of energy
c. Deposit
d. Price
c. Deposit
Which organization employed a global Delphi panel of energy experts to forecast emerging opportunities and challenges in renewable energy markets, helping to assess the transition away from fossil fuels, including coal?
a. International Renewable Energy Agency (IRENA)
b. United Nations Environment Programme (UNEP)
c. World Bank’s Independent Evaluation Group (IEG)
d. International Energy Agency (IEA)
c. World Bank’s Independent Evaluation Group (IEG)
Since late 2022, OPEC+ has implemented significant production cuts totaling millions of barrels per day to stabilize prices amid fluctuating demand and geopolitical uncertainties. Production from OPEC and its allies accounted for around 46% of global crude oil production as of early 2025.
a. First statement is True. Second statement is False.
b. Both statements are True.
c. First statement is False. Second statement is True.
d. Both statements are False.
b. Both statements are True.
Nuclear power plants emit most conventional pollutants, they pose unique risks such as accidents, radioactive waste management issues, fuel theft, and sabotage. Burning fuels generates waste heat and greenhouse gases, such as carbon dioxide and particulate matter, which may raise the Earth’s temperature and cause global thermal pollution.
a. First statement is True. The second statement is False.
b. Both statements are True.
c. The first statement is False. The second statement is True.
d. Both statements are False.
c. The first statement is False. The second statement is True.
As of April 2025, aggregate compliance with quotas stood at just 67%, with major producers like Iraq, Kazakhstan, and Russia consistently exceeding their targets. Persistent overproduction and quota violations have introduced a “compliance discount” into oil pricing models, with traders now assuming only 80% of OPEC+’s announced cuts will be realized.
a. The first statement is True. The second statement is False.
b. Both statements are True.
c. The first statement is False. The second statement is True.
d. Both statements are False.
a. The first statement is True. The second statement is False.
The Delphi method is a quantitative forecasting technique that relies on a single round of expert surveys without any feedback. It was developed in the 1980s primarily for predicting stock market trends and is rarely used outside of finance
a. The first statement is True. The second statement is False.
b. Both statements are True.
c. The first statement is False. The second statement is True.
d. Both statements are False
d. Both statements are False
Control over oil supplies can be used as a diplomatic tool or an economic sanction. Authorized supply and seasonal non-compliance have resulted in inventory surpluses, further destabilizing the market and creating downward pressure on prices.
a. The first statement is True. The second statement is False.
b. Both statements are True.
c. The first statement is False. The second statement is True.
d. Both statements are False.
a. The first statement is True. The second statement is False.
The primary goal of improving the efficiency of converting primary fuels into secondary fuels is to:
a. Increase the demand for primary fuels
b. Meet the same energy demand with a lower primary fuel input
c. Increase the production of emissions
d. Make secondary fuels more expensive
b. Meet the same energy demand with a lower primary fuel input
Incomplete combustion in thermal power plants leads to:
a. Maximized energy extraction from the fuel
b. A significant reduction in the need to burn more fossil fuels
c. Unburnt fuel and partially burnt products, representing a loss of energy potential
d. Improved operational stability in steam power boiler
c. Unburnt fuel and partially burnt products, representing a loss of energy potential
Vacuum insulation panels (VIPs) are being investigated for cold chain equipment because of their:
a. High thermal conductivity
b. Low cost and ease of manufacturing
c. Low thermal conductivity
d. Ability to generate electricity
c. Low thermal conductivity
Re-engineering industrial processes to improve energy efficiency can involve:
a. Increasing the number of steps in a production line
b. Implementing processes that require very high operating temperatures
c. Combining multiple process steps into one efficient unit
d. Using less durable and cheaper equipment
c. Combining multiple process steps into one efficient unit
