8.2.4

Supply & Demand

Test yourself

High Supply of Fossil Fuels

There is a mismatch between the location of fossil fuel supply and the regions or countries that have a high demand for the fossil fuels.

Illustrative background for High oil supplyIllustrative background for High oil supply ?? "content

High oil supply

  • Venezuela and Saudi Arabia have the two largest oil reserves, at 298 billion barrels and 268 billion barrels respectively.
  • Oil is found in some developed nations such as Canada.
  • The top 10 nations in terms of oil supply are mainly emerging and developing nations e.g. Iran, Iraq, Kuwait, UAE and Russia.
Illustrative background for High gas supplyIllustrative background for High gas supply ?? "content

High gas supply

  • Russia and Iran have the two largest natural gas reserves, at 47800 billion m3 and 33610 billion m3 respectively.
  • Gas in large quantities is found in some developed nations such as the USA, which has 9460 billion m3.
  • The top 10 nations in terms of gas supply are mainly emerging and developing nations e.g. Iran, UAE, Qatar and Turkmenistan.
Illustrative background for High coal supplyIllustrative background for High coal supply ?? "content

High coal supply

  • The USA and Russia have the two largest coal reserves, at 237,000 million tonnes and 157,000 million tonnes respectively.
  • Coal in large quantities is found in some developed nations such as the USA, Australia and Germany.
  • The top 10 nations in terms of coal supply are mainly emerging and developing nations e.g. Russia, China, India and South Africa.

High Demand for Fossil Fuels

There is a mismatch between the location of fossil fuels supply and the regions or countries that have a high demand for the fossil fuels.

Illustrative background for ChinaIllustrative background for China ?? "content

China

  • Economic development in China has led to oil consumption doubling between 2000 and 2010.
  • It is projected that China will be the world’s largest energy importer by 2035.
Illustrative background for DemandIllustrative background for Demand ?? "content

Demand

  • There is a disparity between the demand and supply. China has the 14th largest oil reserve (but it is only 1/10th of Canada’s).
  • Despite China having the 3rd largest coal reserve (114,500 million tonnes), Chinese consumers use more than can be supplied domestically.

Jump to other topics

1Tectonic Processes & Hazards

2Option 2A: Glaciated Landscapes & Change

3Option 2B: Coastal Landscapes & Change

4Globalisation

5Option 4A: Regenerating Places

6Option 4B: Diverse Places

7The Water Cycle & Water Insecurity (A2 only)

8The Carbon Cycle & Energy Security (A2 only)

9Superpowers (A2 only)

10Option 8A: Health & Human Rights (A2 only)

11Option 8B: Migration & Identity (A2 only)

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