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ISSN: 2344 - 102X

ISSN-L: 2344 - 102X



 

Article from Volume 7, Number 2, Year 2019

STUDY ON THE IMPORTANCE OF NATURAL RESOURCES AT INTERNATIONAL AND NATIONAL LEVEL
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Author(s): Marian Socoliuc, Gabriela - Paraschiva Savu
DOI: 10.4316/EJAFB.2019.729
Abstract: This paper studies the importance of natural resources in economic survival and development. The global population is always growing, which shows that society becomes even more dependent on natural resources. The purpose of this article is to analyze the situation of oil and gas producing countries as well as their reserves at international and national level. Another purpose of the article is to explore the key fields of exploration by choosing an appropriate resource assessment. The abundance of natural resources promotes economic growth, but dependence on them impedes economic activity. The daily fame of black gold leaves its mark on our lives, due to its use in every aspect of life.
Keywords: Black Gold; Development; Fossil Energy; Fuels; Natural Resources
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