Introduction (1,2) Flashcards
What is a definition of natural resources
Natural resources are naturally forming substances that are considered valuable in their relatively unmodified, natural form
What changes it vales
The amount and how extractable it is as well as the stock markets
What determines demand
Demand is determined by its usefulness and the demand for different reserouces changes through time
What are the four major Gold rushes
1) Californian Gold rush
2) Australian Gold rush
3) witwatersrand (South africa)
4) alaskan
Why is the Falklands islands war now significant
The war meant we have access to all the drilling rights, and oil drilling has started here
What is the worlds 2012 population
7,069,000,000
New minerals for future tech (name 3)
Cerium
Erbium
Lanthanum
Samarium
Name the two more recent wars
Iraq (saddam Hussein)
Gaddafi (lybia)
Name some of the environmental damage
Sea empress (wales)
Exxon Valdez
BP deep water horizon
what are the environmental/war issues with diamonds?
These are blood or conflict diamonds that are used to purchase weapons but are also made into western jewlery
BPs profit
5.3 Billion in 2nd quater
Shells profit
5 Billion in 2nd quater
What is a mineral reserve?
Minerals that we know are there but have not yet been extracted, this could be because of economic or political reasons
What is a mineral resource?
these are minerals that are known or not know about that are all of the worlds minerals put together. many of these have not yet been explored
What are the stages in resource exploitation?
resources Exploration Resource evaluation Production, mining Raw materials Products, power Finished products