Economic Factors Affecting Energy Supply, page 259
Mindmap based on the notes on page 259 in the textbook about economic factors affecting energy supply development. Political and physical factors also available on separate mind maps.
- Created by: Jessica
- Created on: 28-01-13 15:19
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- Economic Factors Affecting Energy Supply
- Most accesible and cheap deposits of fossil fuels are developed first.
- Location
- Onshore deposits of oil and gas are easier to develop than offshore deposits (eg. under the seabed)
- Hydroelectric sites near major transport routes and electricity transmission are more economically viable to build than in more inaccessible locations.
- Direct investment is needed in LEDCs for available energy resources to be developed.
- Energy prices rise
- Energy companies increase spending on exploration and development.
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