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What has a foot but no leg?

What has a foot but no leg?. Oil Security. By the end of the lesson you will; Be able to define a range of different key words related to the topic Be able to explain the different political agreements that have been created to help prevent fuel insecurity

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What has a foot but no leg?

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  1. What has a foot but no leg?

  2. Oil Security By the end of the lesson you will; • Be able to define a range of different key words related to the topic • Be able to explain the different political agreements that have been created to help prevent fuel insecurity • Be able to explain how oil companies can exert power around the world • Have applied your new knowledge

  3. Key word definitions; Task Match up the following key words and their definitions

  4. Oil Security By the end of the lesson you will; • Be able to define a range of different key words related to the topic • Be able to explain the different political agreements that have been created to help prevent fuel insecurity • Be able to explain how oil companies can exert power around the world • Have applied your new knowledge

  5. Trade agreements; Task Read through the article on OPEC • What is OPEC? • Why does it exist? • What are the benefits of it for the member countries? • How does it benefit other countries around the world? OPEC member countries try to regulate the value of Oil sold on the world market This is there to manage overall fluctuation around the world It tries to move ownership of natural resources to the country rather than the company who is extracting it OPEC’s status increased in the 1970’s and they raised the price of Oil in response to large air donations to Israel in the Yom Kippur War Their aim is to try and help developing countries develop using their natural resources They are able to control the supply and demand of Oil and so thus control the prices of oil sold on the world markets

  6. Oil Security By the end of the lesson you will; • Be able to define a range of different key words related to the topic • Be able to explain the different political agreements that have been created to help prevent fuel insecurity • Be able to explain how oil companies can exert power around the world • Have applied your new knowledge

  7. Impact of Transnational Companies on Oil production Task • Look through the list of the top 25 companies around the world • How many of them are linked to Oil and Gas? • How do you think this links into their overall political influence around the world? Task 2 Watch the following video clip Why do you think BP is powerful in the UK? Make sure that you add in figures to back up your ideas

  8. Oil Security By the end of the lesson you will; • Be able to define a range of different key words related to the topic • Be able to explain the different political agreements that have been created to help prevent fuel insecurity • Be able to explain how oil companies can exert power around the world • Have applied your new knowledge

  9. Describe the trends in the graph

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