WJEC A-Level Geography 601-8455-3
Coastal Landscapes
Glaciated Landscapes
Tectonic Hazards
Changing Places
Water and Carbon Cycles
Global Migration
Global Governance of the Oceans
EcosystemsContemporary theme
Economic Growth and Challenge: IndiaContemporary theme
Economic Growth and Challenge: ChinaContemporary theme
Development in an African ContextContemporary theme
Energy Challenges and DilemmasContemporary theme
Weather and ClimateContemporary theme
Fieldwork and Geographical Skills
Energy Challenges and Dilemmas
Managing oil and gas globally
- 3 things to know
- A2 Unit 4
Overview
How storage helps manage seasonal variation in gas demand, three factors that determine the world oil price and why oil prices are so volatile.
What you need to know
Answer each one before you reveal it.
Explain why the supply of and demand for oil are geographically mismatched.
How is oil transferred from producer to consumer?
Questions from this subtopic
Each one with the model answer underneath.
- 1
Explain why the supply of and demand for oil are geographically mismatched.
Model answer
The largest reserves lie in a small number of producing regions while the largest consumers are the industrialised and industrialising economies elsewhere.
- 2
How is oil transferred from producer to consumer?
Model answer
Chiefly by tanker along established sea routes, and by pipeline where producer and consumer are connected overland.
- 3
Give one advantage and one disadvantage of pipeline transport over tankers.
Model answer
Pipelines are cheaper and continuous once built, but they are fixed in route and vulnerable to sabotage and to political disputes with transit states.
- 4
Why do countries hold strategic petroleum reserves?
Model answer
So that a sudden interruption of supply can be absorbed for a period without the economy or defence being compromised.
- 5
Explain how storage helps manage seasonal variation in gas demand.
Model answer
Gas is injected into underground storage in summer when demand is low and withdrawn in winter when heating demand peaks.
- 6
Name three factors that determine the world oil price.
Model answer
The balance of supply and demand, decisions by major producers on output, and expectations about future disruption or growth.
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