Question
Environmental Studies Question on Environmental and Natural Resource Economics
Petroleum present in sedimentary rocks of a region can only be used when such regions are drilled out and put into use. Such petroleum reserves fall under the category of _____________.
A
Actual resources
B
Potential resources
C
Stock resources
D
Reserve resources
Answer
Potential resources
Explanation
Solution
Petroleum found in sedimentary rocks, which can only be utilized when tecnological advancements or drilling operations are initiated, falls under the category of Potential resources. These resources are known to exist but are not currently in use.