Resource nationalism
Encyclopedia
Resource nationalism is a term used to describe the tendency of people and governments to assert control over natural resources
located on their territory. The approach of peak oil
has led many governments to take ownership and/or control of fossil fuel
reservoirs, for strategic as well as economic reasons, although the term is also applied to other resources, such as metals. The term is often used in conjunction with the decreased influence this leaves multinational corporation
s with.
Natural Resources
Natural Resources is a soul album released by Motown girl group Martha Reeves and the Vandellas in 1970 on the Gordy label. The album is significant for the Vietnam War ballad "I Should Be Proud" and the slow jam, "Love Guess Who"...
located on their territory. The approach of peak oil
Peak oil
Peak oil is the point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline. This concept is based on the observed production rates of individual oil wells, projected reserves and the combined production rate of a field...
has led many governments to take ownership and/or control of fossil fuel
Fossil fuel
Fossil fuels are fuels formed by natural processes such as anaerobic decomposition of buried dead organisms. The age of the organisms and their resulting fossil fuels is typically millions of years, and sometimes exceeds 650 million years...
reservoirs, for strategic as well as economic reasons, although the term is also applied to other resources, such as metals. The term is often used in conjunction with the decreased influence this leaves multinational corporation
Multinational corporation
A multi national corporation or enterprise , is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation...
s with.