Energy Supply and Production

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What does energy production provide in a country?

Total energy imports
Marketable quantities of energy domestically produced (correct)
Total energy demand
Total energy consumption

What is considered as a negative flow in the energy accounts?

Stock change of energy products
Domestic energy production
Imports of energy products
Exports of energy products (correct)

Why is fuel used by ships for international voyages treated specially?

Because it is used for domestic purposes
Because it is used by ships registered in the country
Because it is included in international trade (correct)
Because it is used for energy production

What is excluded from marketable quantities of energy produced?

Wastes and reinjection of gas (A) Signup and view all the answers

What is the purpose of capturing external trade information?

To capture transactions of energies taking place across the national boundary (D) Signup and view all the answers

What is the term for the removal of impurities from energy products?

Removal of impurities (D) Signup and view all the answers

What does the sign of the supply-side total indicate?

Whether the supply-side total is higher or lower than the demand-side total (A) Signup and view all the answers

What is the main purpose of the Energy Commodity Accounts (ECA)?

To capture inflows and outflows of an energy commodity at the national level (C) Signup and view all the answers

Why can't the columns of an ECA be directly compared?

Because of the absence of a common unit of reference (B) Signup and view all the answers

What is the main purpose of the Overall Energy Balance (OEB)?

To provide an overall appraisal of the energy system (C) Signup and view all the answers

What is unique about the format of the commodity account?

It is conceptually similar to a cash account (C) Signup and view all the answers

What is a limitation of the commodity account?

It does not provide an overall appraisal of the energy system (D) Signup and view all the answers

What is a common consequence of subsidies on consumption?

Promoted over-consumption (C) Signup and view all the answers

What is the primary goal of fossil fuel subsidies in developed countries?

To protect employment (D) Signup and view all the answers

What is the main form of intervention used by governments to control energy prices?

Price controls (D) Signup and view all the answers

What is the purpose of consumer subsidies in developing countries?

To provide support to lower income groups (D) Signup and view all the answers

What is the main advantage of using a lagged variable in energy demand analysis?

It provides a more accurate explanation of energy demand variation (D) Signup and view all the answers

What is the trend in fossil fuel subsidies across developed and developing countries?

Fossil fuel subsidies are pervasive in both developed and developing countries (A) Signup and view all the answers

What is the long run price elasticity in the lagged model?

c/(1 - d) (C) Signup and view all the answers

What percentage of subsidies in 2016 came from oil and electricity?

50% (D) Signup and view all the answers

What is the main purpose of economic analysis of energy investments?

To decide on the allocation of limited resources to various energy needs (A) Signup and view all the answers

What is the characteristic of energy sector projects?

They are big and capital-intensive (C) Signup and view all the answers

What is the short run income elasticity in the lagged model?

b (B) Signup and view all the answers

What is the framework used to make investment decisions in energy sector projects?

Cost-benefit analysis (D) Signup and view all the answers

What is the primary purpose of the ECA in energy management?

To develop an overall energy balance (B) Signup and view all the answers

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 (C) Signup and view all the answers

What is the limitation of the heating value-based simple aggregation scheme?

It has certain limitations (A) Signup and view all the answers

What can be used for energy planning purposes?

Energy demand analysis and demand forecasting (B) Signup and view all the answers

What is the primary role of an energy balance in energy management?

To analyze the dynamics of an energy system (B) Signup and view all the answers

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 (C) Signup and view all the answers