What is stock resource and reserves?

Question

Answer

Stock :-...Some resources, such as minerals or oil, exist as finite stocks, which are non-renewable within an economic time frame. Others, such as timber or solar energy are renewable and, potentially, the flow of services from theseresources can be harvested indefinitely.

reserves:-...Reserve resources are those resourceswhich we know their use and how to use them but we have kept them for future use. For example, USA has plenty of oil and gas reserves but it imports oil and gas and has kept its own reservesfor future use.

Answer

Stock mean resources are excess in availability for future usage. .. Reserves mean resources are scarce in availability for future usage as a whole there we need resources conservation.  ..

Answer

Stock Resource and Reserves
Stock resource and reserves refer to the amount of a particular natural resource that is known to exist and can be extracted economically. These terms are commonly used in the mining and oil industries to describe the amount of a mineral or fossil fuel that is present in a given area.

Stock Resource
Stock resource refers to the total amount of a natural resource that is estimated to exist in a particular area. This includes both identified and unidentified resources. Stock resources are typically estimated through geological surveys, drilling, and other exploration methods. However, stock resources do not take into account economic factors, such as the cost of extraction or market demand.

Reserves
Reserves, on the other hand, refer to the portion of a stock resource that is known to be economically viable to extract. Reserves are categorized into proven, probable, and possible reserves based on the level of certainty surrounding their extraction. Proven reserves are the most certain, while possible reserves are the least certain.

Difference
The key difference between stock resource and reserves lies in their economic viability. Stock resources represent the total amount of a natural resource present in a given area, while reserves only include the portion that can be extracted economically. Reserves are crucial for companies in the mining and oil industries as they indicate the profitability of a project.
In conclusion, stock resource and reserves are important concepts in the natural resource industry, helping companies determine the feasibility and profitability of extracting a particular resource. Understanding the difference between these terms is essential for making informed decisions about resource development projects.

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