Resource Security Flashcards
What is a resource?
any type of asset, commodity or item which has value to enhance the quality of
human life or help it function more effectively
What is a stock resource?
Finite and will run out eventually e.g. fossil fuels
What is a flow resource?
Infinite and can be replenished and renewed e.g. biofue
What is a natural resource?
those that exist without human intervention and can include stock and
flow resources
What is an inferred resource?
Economic viability
of resource is uncertain
What is an possible resource?
Expected that
inferred resource could
become indicated with
further exploration
What is an indicated resource?
Conditions and
location of resource can be predicted to allow initial planning
What is a measured resource?
Detailed mine planning possible
What is exploration?
the process of searching for available resources and then upgrading the resource
from inferred to measured if appropriate
Why are resources difficult to find?
due to their uneven
global distribution
What is exploitation?
the process of extracting the material from the ground and its use is
dependent on the economic viability of a resource
What is a resource frontier?
the boundary between exploited areas and areas considered too difficult to
exploit under current political and technological conditions
What are changing resource frontiers?
Technological advances
What does changing/warmer climates may allow?
Antarctica to be exploited
What does the tred follow?
Hubbert’s Curve
What does Hubbert’s curve show?
Production increases exponentially until it peaks around
halfway through available resources and is followed by decreasing production
When is it predicted peak oil will occur?
2030
What is the time peak oil production dependent on?
- Availability and discovery of reserves
- Development of new technologies
- Demand for the resource (may decrease or increase suddenly as a result of research into a
material or new uses that are found for a material) - Grade of available resources
What does sustainable refer to?
the ability to keep something going in the long-term
What does a sustainable resource development involve?
long-term planning that
ensures extraction does not increase too quickly or rise to unsustainable levels
What does a sustainable resource development ensure?
- Protection for workers
- a plan for when the resource can no longer be
exploited
When are Environmental Impact Assessments used?
to assess the possible environmental impacts of a resource development
project and should be completed before the project is approved
What does an Environmental Impact Assessment state?
the potential
environmental disturbances caused by a project across different areas of the environment ,
from the flora and fauna to the physical landscape
What do Environmental Impact Assessments suggest?
ways to mitigate and reduce any environmental impacts