30 Questions
What does energy production provide in a country?
Marketable quantities of energy domestically produced
What is considered as a negative flow in the energy accounts?
Exports of energy products
Why is fuel used by ships for international voyages treated specially?
Because it is included in international trade
What is excluded from marketable quantities of energy produced?
Wastes and reinjection of gas
What is the purpose of capturing external trade information?
To capture transactions of energies taking place across the national boundary
What is the term for the removal of impurities from energy products?
Removal of impurities
What does the sign of the supply-side total indicate?
Whether the supply-side total is higher or lower than the demand-side total
What is the main purpose of the Energy Commodity Accounts (ECA)?
To capture inflows and outflows of an energy commodity at the national level
Why can't the columns of an ECA be directly compared?
Because of the absence of a common unit of reference
What is the main purpose of the Overall Energy Balance (OEB)?
To provide an overall appraisal of the energy system
What is unique about the format of the commodity account?
It is conceptually similar to a cash account
What is a limitation of the commodity account?
It does not provide an overall appraisal of the energy system
What is a common consequence of subsidies on consumption?
Promoted over-consumption
What is the primary goal of fossil fuel subsidies in developed countries?
To protect employment
What is the main form of intervention used by governments to control energy prices?
Price controls
What is the purpose of consumer subsidies in developing countries?
To provide support to lower income groups
What is the main advantage of using a lagged variable in energy demand analysis?
It provides a more accurate explanation of energy demand variation
What is the trend in fossil fuel subsidies across developed and developing countries?
Fossil fuel subsidies are pervasive in both developed and developing countries
What is the long run price elasticity in the lagged model?
c/(1 - d)
What percentage of subsidies in 2016 came from oil and electricity?
50%
What is the main purpose of economic analysis of energy investments?
To decide on the allocation of limited resources to various energy needs
What is the characteristic of energy sector projects?
They are big and capital-intensive
What is the short run income elasticity in the lagged model?
b
What is the framework used to make investment decisions in energy sector projects?
Cost-benefit analysis
What is the primary purpose of the ECA in energy management?
To develop an overall energy balance
What is the primary benefit of converting energy data to a common unit?
To obtain a clear picture of the overall energy supply and demand
What is the limitation of the heating value-based simple aggregation scheme?
It has certain limitations
What can be used for energy planning purposes?
Energy demand analysis and demand forecasting
What is the primary role of an energy balance in energy management?
To analyze the dynamics of an energy system
What is the benefit of using different units of measurement in energy management?
It allows for the conversion of energy data to a common unit
Learn about the supply-side information of energy products, including domestic production, international trade, and stock changes. Understand how marketable quantities are calculated, excluding wastes and reinjections. Test your knowledge of energy production and supply!
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