Concept of a resource
A resource can be defined as any aspect of the natural enviroment that can be used to meet human needs.
- They are a material source of wealth and they can be useful or neccesary.
- They carry economic value and can be used to improve wealth and economic development.
Resource security
This is usually determined at the national level although can also be applied to global scales.
It refers to the ability of a country to safeguard a reliable and sustainable flow of resources to maintain the living standards of the population.
A country should develop the necessary reources from ite own enviroment or be able to secure it from a trading partner.
Stock resources
Flow resources
Non-renweable energy resources
These are those that have been built up or have evolved over time. They cannot be used without depleting the stock because their rate of formation is so slow that it is irrelavent in terms of a human life span.
E.G
Fossil fuels such as oil, natural gas and coal, but also include uranium used for nuclear energy.
Renewable energy resources
These yield a continuous flow that can be consumer in any given period of time without endagering future consumption.
E.G Solar, HEP, geothermal energy, wave and tidal power.
Renewable energy resources can be divided into two…
Critical, sustainable energy resources from forests, plants and other biomass, if they are exploited at a faster rate than they are replaced they can be depleted and therfore require manegement WATER
Non-critical, ‘everlasting’ resources such as tides, waves, and solar power.
Resource manegement and sustainable development
Resource manegement involves controlling the exploitation and use of resources in relation to the associated economic and enviromental costs. A key element of this is sutainable development, which requires a contolled system of manegement to ensure that the current level of exploitation does not compromise the ability of future generations to meet their needs
Stock resources evaluation
Distinction between resources and reserves
The term resourcses includes all depositis of mineral resources whether undiscovered, discovered or discovered but not econmically viable.
Alternatley reservers are the parts of the resource that are economically and legaly viable.
Measured reserves
This is the part of the resource for which quantity, grade or quality, densities and physical characterisits are so well establsihed they can be estimated with confidence.
Enough information and confidence of establsihed grade and quality can even be ‘proven reservers’
Indicated reservers
This is the part of a resource where the quantity, grade or quality, densities and physical charactertisics can be estimated with a level of confidence sufficient enough to allow further evaluation of the economic viability of the deposit.
This the allows for a preliminary study which can serve as the basis for development and allow for conversion to probable reserve.
Inffered resources
This is the part of the resource where the quantity, grade or quality, densities and physical characterstics can only be estimated on the basis of limited geological sampling.
Possible resources
Different to possible reservers
Resource development over time
Exploration
Exploitation
Development
Risks of exploitation of resources
Physical risks include accesibility of the resources available in an area or country.
Geopoltical risks include the concentration of production in a relatively small number of countries and the confdience of the the country to trade with otheres
What do physical things of exploitation depend on
Exploration
Price or value of the resource may increase, prompting the exploration of reserves in more remote locations, as they become mre viable for production.
Cycle of natural resource development
Resource frontier
This refers to an area where resources are brought into production for the first time.
Resource peak
This refers to the tme of maximum rate of production of a resource, either from a given reserve or the resource as a whole.
Concept of ‘peak oil’ is the idea that production of oil would peak and then enter a decline.
Issues with our current resource use
Methods of sustaiablity
Demand sided
Supply sided
Reducing depletion
This is the consumption of a resource faster than it can be replenished and is mostly applied to our use of non-renewable fossil fuels such as coal, oil, gas and WATER.