[ECO314H1] - Final Exam Guide - Everything you need to know! (42 pages long)
Document Summary
In the past, it would lower its output to maintain price levels. The energy policy triangle: fracking and the interplay between the essential energy policy elements, security shale oil and shale gas can make north. America energy independent: economics shale resources create jobs, generate exports, so beneficial to the economy, environment continued exploitation of oil, gas (and coal) will continue to increase co2 concentrations and contribute to global warming. Fugitive methane: security the dependence of europe on russian natural gas limits europe"s ability to exert leverage on russia, economics the west is relying on economic sanctions to affect russian behaviour. But this has weakened the european economic recovery. Trump proposes to reduce support of nato unless certain countries increase their contributions. Conventional oil pumped from large underground pools/reservoirs. Tar sands thick liquids (bitumen) lodged in sand and clay. Formed over millions of years from microscopic marine plants and animals. Coal hard coal is mostly pure carbon.
