Oil

• What are oil reserves?

  The amount of oil a country has that can be extracted
• How is conventional oil extracted?

  Oil, rigs on land or water
• What global region produces the most oil?

  The Middle East
• What are the two main reasons for changes to oil prices?

  Supply and demand for oil.
• Why did COVID-19 decrease the demand for oil?

  Lockdown reduced travel and industrial production
• What is OBEC?

  Organisation of the petroleum exporting countries
• Name to unconventional extraction methods?

  Fracking and Tar sands
• What is fracking??

  High-pressure, water, sand and chemicals injected into shale rock to push out the gas
• What is Bitumen?

  Sticky, petroleum found in tar sands
• Where is the Athabasca tar sands?

  Canada