Resource security

Question 1

What is a resource

Answer 1

Assets that are useful to society and are valued by people, and that contribute in someway to economic development

Examples include: energy, oil, water, coal and minerals

Question 2

What two categories are there for resources

Answer 2

Stock and Flow

Question 3

What is a stock resource

Answer 3

a finite and nonrenewable resource
they have taken millions of years to form and cannot be replenished over human timescales

Question 4

What is a flow resource, and what is its sub category

Answer 4

resources that can continuously be replenished within human timescales, making them renewable
a sub category is a critical flow resource, which require careful human management to ensure their continued availability

Question 5

what is a reserve and how do we classify something as one

Answer 5

deposits of minerals which can be extracted now, due to being economically viable and sufficient available technology and legal entitlement to enable extraction

Question 6

What is a resource and how do we classify something as one

Answer 6

all deposits of mineral resources which may be viable to extract in future, with technological advances or an increase in demand for the mineral

Question 7

what are some determining factors when thinking about the availability of resources

Answer 7

physical availability: patterns and quantities across the globe
economical viability: whether the price of the resource makes it worthwhile to extract the resource
political access: do you have permission to extract the resources from the government?
environmental concerns: can the resources be extracted without causing unwanted damage to the environment

Question 8

what are the factors affecting the viability if mineral extraction? make a cloud

Answer 8

deposit
- depth of overburden
- geology of overburden
- hydrology -> pumping costs

economic
- transport costs
- extraction costs
- processing costs
- labour costs
- compensation costs

social
- noise pollution
- residents have to move away
- land use conflicts

environmental
- air pollution
- habitat destruction

Question 9

What are physical risks relating to the accessibility of a resource

Question 10

What are geopolitical risks relating to the accessibility of a resource

Question 11

what is a resource frontiers

Answer 11

examples: south Sudan, arctic, deep seas, and Shetland islands
it is an area where resources are brought into production for the first time.

Question 12

what are the characteristics of resources frontiers

Answer 12

peripheral environments
natural environments with little human development
extreme environments
may be within international territory

Question 13

four things about resource frontiers

Answer 13

• often in peripheral areas
• extreme environments
• within international territories
• in natural environments where theres little to no human development