the amount of something (e.g. oil) that is available to buy

how much of something (e.g. oil) that people want to buy

how well (or badly) countries get along with each other, which can affect trading relationships of supply and demand

a period when economies stop growing temporarily and people spend less

Changing oil supply and prices

Geography

This unit teaches pupils about different energy resources, their extraction and uses. Pupils learn about the different types of energy, the factors affecting extraction and the patterns and inequalites associated with production and consumption. Pupils also learn about energy futures.

Energy

Depiction of war, threats of war, death or the aftermath of war.

Depiction or discussion of violence or suffering

What does the word 'supply' mean in relation to oil?

It decreases demand because people and industries spend less

Because supply may also fall, keeping prices stable or even increasing

Why is it incorrect to assume that if demand falls, oil prices always fall too?

What is one way countries influence oil prices?

Energy from resources that will eventually run out

Which of these is a renewable energy source?

Energy that can be reused, like biofuels or nuclear

Which of these is an example of recyclable energy?

What is a key environmental impact of energy extraction?

Which energy source is most likely to release carbon emissions when used?

Content guidance

Depiction or discussion of violence or suffering

Adult supervision recommended

This lesson will be removed by end of Summer Term 2025.

Changing oil supply and prices

Lesson outcome

Content guidance

This lesson will be removed by end of Summer Term 2025.