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Title: Russia Dominates US As Worlds Largest Owner Of Natural Resources
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URL Source: https://www.zerohedge.com/geopoliti ... argest-owner-natural-resources
Published: Nov 9, 2024
Author: Tyler Durden
Post Date: 2024-11-09 07:08:18 by Horse
Keywords: None
Views: 39
by Tyler Durden Natural resources are the backbone of modern manufacturing, necessary to produce everything around us. According to 2021 data from Statista, 10 countries dominate the global natural resource landscape, each holding vast reserves critical for various industries. Russia leads the pack with natural resources valued at $75 trillion, largely consisting of coal, natural gas, oil, and rare earth metals. At the end of 2018, Russia’s Ministry of Natural Resources and the Environment valued the country’s mineral reserves at approximately $1.44 trillion. In terms of global share, Russia is unmatched in natural gas, holding the world’s largest proven reserves at 1.32 quadrillion cubic feet as of 2020—nearly 20% of the global total. Russia also ranks as a gold powerhouse. Other Resource Giants The United States ranks second, with an estimated $45 trillion in natural resources, including coal, timber, natural gas, and valuable metals like gold. In Saudi Arabia and Canada, oil wealth drives natural resources, placing these countries third and fourth on the list. Saudi Arabia, with its vast oil fields, has been a leader in global energy markets. Canada, on the other hand, also benefits from substantial uranium deposits and is home to some of the world’s largest lumber companies 
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