What has a foot but no leg?. Oil Security By the end of the lesson you will; 1)Be able to define a range of different key words related to the topic 2)Be.

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Presentation transcript:

What has a foot but no leg?

Oil Security By the end of the lesson you will; 1)Be able to define a range of different key words related to the topic 2)Be able to explain the different political agreements that have been created to help prevent fuel insecurity 3)Be able to explain how oil companies can exert power around the world 4)Have applied your new knowledge

Key word definitions; Key WordDefinition Stock FuelThese are sources such as electricity where the energy has been produced from something else Primary resourceThis is a company where the headquarters are in a MEDC and then further offices are found around the world Secondary resource fuels that are fossil fuels. These will eventually run out in the future Transnational companyThese are a group of oil rich countries around the world. They are predominantly developing nations. Terms of tradeThese are resources that are unmodified to produce energy e.g Coal, Oil and Gas OPECA group of countries that work together to ensure that economic conditions are are good as possible OECD countriesThis is the conditions which are set for an a trade agreement to be made between different countries Task Match up the following key words and their definitions

Oil Security By the end of the lesson you will; 1)Be able to define a range of different key words related to the topic 2)Be able to explain the different political agreements that have been created to help prevent fuel insecurity 3)Be able to explain how oil companies can exert power around the world 4)Have applied your new knowledge

Trade agreements; Task Read through the article on OPEC 1.What is OPEC? 2.Why does it exist? 3.What are the benefits of it for the member countries? 4.How does it benefit other countries around the world? OPEC member countries try to regulate the value of Oil sold on the world market This is there to manage overall fluctuation around the world It tries to move ownership of natural resources to the country rather than the company who is extracting it OPEC’s status increased in the 1970’s and they raised the price of Oil in response to large air donations to Israel in the Yom Kippur War Their aim is to try and help developing countries develop using their natural resources They are able to control the supply and demand of Oil and so thus control the prices of oil sold on the world markets

Oil Security By the end of the lesson you will; 1)Be able to define a range of different key words related to the topic 2)Be able to explain the different political agreements that have been created to help prevent fuel insecurity 3)Be able to explain how oil companies can exert power around the world 4)Have applied your new knowledge

Impact of Transnational Companies on Oil production Task 1.Look through the list of the top 25 companies around the worldtop 25 2.How many of them are linked to Oil and Gas? 3.How do you think this links into their overall political influence around the world? Task 2 Watch the following video clipvideo clip Why do you think BP is powerful in the UK? Make sure that you add in figures to back up your ideas

Oil Security By the end of the lesson you will; 1)Be able to define a range of different key words related to the topic 2)Be able to explain the different political agreements that have been created to help prevent fuel insecurity 3)Be able to explain how oil companies can exert power around the world 4)Have applied your new knowledge

Describe the trends in the graph