Events Flashcards
(32 cards)
Russian-Ukraine war 2022
-impacted global gas supply
-Russia supplied 40% of EUS natural gas
-western nations imposed sanctions on russia
-Russia reduced gas exports in response
-high natural gas prices in Europe
-china increased imports from Russia at discount
1973 oil crisis
-irael in war with Egypt led to price of crude to rise massively
-triggered a stock market crash
-Arab oil producers imposed an embargo
-to punish west in response to support Israel in the war against Egypt
-petrol prices rose
-in uk 3 day week
Saudi Arabia reserves
-vast oil reserves
-Arabian Plates submerged under ancient seas accumulated organic matter
-Minimal oxygen so organic matter rich without decay
-Porous rocks so can store oil trapping it in reservoirs
-Shale and salt layers prevent oil escaping
Faults
Plates compression and folding
Conventional methods of extraction
US reserves
Ancient seas, continental rift zones and sedimentary basins
Smaller oil reserves
Required hydraulic fracturing due to tight formations
Kenya
80% generated from low carbon sources of geothermal, hydro, wind and solar
East African rift system where tha African plate is slowly splitting
Due to tectonic movement magma from mantle rise heating surrounding rocks
Leads to formation of geothermal reservoirs
Drilling into these reservoirs allows for extraction of steam used to generate electricity
China driving to maturity
-from low cost manufacturing to advanced industries like tech
-heavy investment (electrical vehicles)
-largest investor in renewable
-rapid urban growth
-worlds largest energy consumer
-coal a significant energy source
-rising middle class consumption patterns
Kenya takeoff
-significant investment in transport etc
-increasing lit rates
-urban growth
-increased reliance on renewable
-energy demand rising but still low
-industrial expansion
-increase flow of foreign direct investment
Gazprom
-Russia state owned energy giant
-supplied 30% global natural gas imports
-disruption due to invasion of Ukraine
-influencer size and demand of potential markets
-shift to Asia and Europe looking to diversify
OPEC
Control over oil production and pricing
Balances global demands
13 members
Oil-exporting countries which meet regularly to decide how much crude oil to sell in the world market
Produce about 30% of worlds crude oil
OPEC+ when oil prices are low to balance the market
Saudi Arabia largest
Zubayr
City of 2 million next to biggest oil field in Iraq
Bad health
Undeveloped
Oil 90% iraqs income
Cambridge
Energy efficient housing
Rainwater recycled
3000 homes 50% are university staff made affordable
Electric bus system
Energy crisis UK 2020
Russia cut natural gas supplies to countries in EU by over 80% because of opposition to invasion
Tar sands
Drills burrow into oil sands steam pumped in to liquefy oil
Energy intensive
Emits greenhouse gas
Deep water horizon oil spill
BP
2010 rig explosion
Killed 11 workers
Worst environmental disaster in US history
4.9 billion barrels
$60 billion on fines
Gulf of Mexico
Coals reserves
Large reserves in US and China and they both large consumers
Declining use in older industrial countries of Europe
Increase use in India and China
Dirty, bulky and difficult to transport
Oil reserves
Concentrated in Middle East holds over 50% crude oil such as SA and Iraq
OPEC members produce 75%
Used for transport
Natural gas reserves
USA, Russia and China
Russia has largest share of
Most flexible and clean fossil fuel
Most transported direct to consumers by pipeline
Iceland geothermal
90% of heating needs from geothermal
25% electricity
Only country that is 100% renewable
Mid-Atlantic ridge
Taps into earth natural heat
Mountainous terrain make it ideal for hydroelectric power generation
Mid Atlantic ridge where North American and Eurasian tectonic plates meet
No fossil fuels
Trans Siberian pipeline
Gas exports controlled through pipelines
Funded by German, French and japenese banks
Now partially owned by Ukraine which 80% of gas Russia exports to Western Europe crosses it
Primary and secondary energy
-unconverted or original fuels such as natural gas
-resources that have been converted or stored such as gasoline
Nuclear
Clean and very powerful used for electricity generation
Expensive
Kazakhstan produce over 40% of world uranium
China could alone build 300 more stations by 2050
Energy demand
Highest in industrialised and developed countries such as US, China and Europe
To meet demands for transport, heating and electricity
Emerging economies are experiencing a rapid increase in demand due to urbanisation and industrialisation
Energy mix
The composition of different primary energy sources used to provide for the demand in a country
Paris climate agreement
2015
Trump vowed to withdraw Paris climate agreement to tackle climate change
Boost oil and gas production
Bring prices down