Developing conventional oil/gas sources in sensitive or remote areas
I can explain the economic costs and benefits of developing conventional sources of oil and gas in ecologically-sensitive and isolated areas.
- Year 11
- Edexcel B
Developing conventional oil/gas sources in sensitive or remote areas
I can explain the economic costs and benefits of developing conventional sources of oil and gas in ecologically-sensitive and isolated areas.
Lesson details
Key learning points
- The world’s continuing reliance on fossil fuels increases pressure to exploit new areas.
- There are economic benefits of developing conventional oil and gas sources in ecologically-sensitive and isolated areas.
- There are economic costs of developing conventional oil and gas sources in ecologically-sensitive and isolated areas.
Keywords
Conventional - sources of oil and gas that are relatively easy to extract because the oil and gas can flow freely towards an oil well or a gas well
Viable - able to generate enough money to cover its costs and remain profitable
Reserve - a known amount of oil or gas that can be taken from underground and used
Common misconception
If you find oil or gas underground, it is always worth extracting it.
In fact, just because a reserve exists doesn't mean that it will be technically or economically viable. Reserves that are in remote locations or in challenging conditions may have high development costs, especially if oil prices fall.
Equipment
Licence
Lesson video
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Prior knowledge starter quiz
6 Questions
Q1.Which of these is a renewable energy source?
Q2.What is a disadvantage of using fossil fuels?
Q3.What is fracking used for?
Q4.What does 'access to energy' mean?
Q5.Why do some countries with fossil fuels still struggle to use them?
Q6.What is one environmental impact of extracting fossil fuels?
Assessment exit quiz
4 Questions
Q1.Match the keyword with its definition.
