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Energy Resources

Energy resources provide the fuels, heat, electricity, and industrial power behind modern economies. From crude oil, natural gas, coal, and uranium to geothermal energy and other naturally occurring energy sources, each resource has its own geology, supply chain, market structure, uses, advantages, limitations, and environmental footprint.

Primary Role Power & Fuel
Resource Types Fossil · Nuclear · Geothermal
Markets Global & Regional
Key Factors Supply · Cost · Density · Infrastructure
UNDERSTANDING ENERGY

What Is an Energy Resource?

An energy resource is a naturally occurring material, substance, or geological source that can be converted into usable heat, electricity, mechanical work, transportation fuel, or industrial energy.

Some energy resources are extracted and burned. Others release energy through nuclear reactions, while geothermal systems use naturally occurring heat within the Earth. Their economics depend on far more than the resource itself: extraction costs, processing, transport, infrastructure, regulation, technology, and local demand all matter.

MAJOR ENERGY RESOURCES

Resources That Power the World

Energy resources differ in physical form, extraction method, market structure, infrastructure requirements, energy density, and end use.

RESOURCE SYSTEMS

Three Very Different Energy Pathways

Separating energy resources by how useful energy is released helps clarify their very different technologies and economics.

01

Fossil Fuels

Oil · Natural Gas · Coal

Chemical energy stored in hydrocarbon or carbon-rich material is released primarily through combustion or additional processing.

02

Nuclear Fuels

Uranium · Thorium

Nuclear reactions release energy from atomic nuclei, producing heat that can be converted into electricity.

03

Earth Heat

Geothermal Resources

Naturally occurring subsurface heat can be accessed through wells or heat-exchange systems and used directly or converted to electricity.

ENERGY CONVERSION

How Resources Become Useful Energy

Raw energy resources normally require conversion infrastructure before they provide electricity, heat, movement, or industrial power.

01

Combustion

Coal, petroleum products, and natural gas release heat through controlled burning.

02

Refining

Crude oil is separated and transformed into fuels and chemical feedstocks for specific markets.

03

Fission

Uranium fuel releases nuclear energy, producing heat that ultimately drives electricity-generating systems.

04

Heat Extraction

Geothermal wells and heat-exchange systems capture naturally occurring subsurface heat.

MARKET UNITS

There Is No Single “Energy Price”

Each energy resource uses its own market conventions, grades, contracts, delivery locations, and measurement units.

OIL

USD per Barrel

Crude oil benchmarks and regional grades are commonly quoted in dollars per barrel.

GAS

USD per MMBtu

Natural gas is often priced by thermal energy, with substantial regional variation.

COAL

USD per Tonne

Coal prices depend on type, heat content, sulfur, ash, geography, and specifications.

U₃O₈

USD per Pound

Uranium-market references are often expressed in dollars per pound of uranium oxide concentrate.

GEO

Project Economics

Geothermal resources are evaluated through drilling cost, temperature, reservoir performance, and project economics.

Market context matters. Resource values should use the correct product, specification, geography, contract, and measurement unit.
ENERGY SUPPLY CHAIN

From Geological Resource to Useful Energy

01 Resource Reservoir · Seam · Ore · Heat
02 Extraction Mine · Well · Drill
03 Processing Refine · Enrich · Upgrade
04 Transport Pipeline · Ship · Rail · Grid
05 Conversion Plant · Reactor · Engine
06 End Use Power · Heat · Transport · Industry
ENERGY ECONOMICS

What Affects the Value of an Energy Resource?

01

Resource Quality

Grade, composition, energy content, impurities, depth, pressure, or temperature.

02

Extraction Cost

Geology, accessibility, labor, infrastructure, technology, and recovery method.

03

Transportation

Pipelines, ports, rail, shipping, roads, and transmission networks affect delivered value.

04

Processing

Refining, enrichment, upgrading, treatment, and fuel preparation add cost and complexity.

05

Demand

Electricity, transport, heating, industry, manufacturing, and economic growth influence consumption.

06

Geopolitics

Trade restrictions, sanctions, conflicts, alliances, and concentrated supply can affect markets.

07

Regulation

Environmental rules, taxes, permitting, safety requirements, and energy policy shape projects.

08

Technology

New extraction, conversion, storage, efficiency, and competing technologies can alter economics.

ENERGY DENSITY

Not All Energy Resources Store Energy the Same Way

Energy density describes how much usable energy is associated with a given mass or volume, but direct comparisons require care. Fuels operate through different physical processes, conversion efficiencies, and infrastructure systems.

Nuclear fuels contain extraordinarily concentrated potential energy compared with chemical fuels, while geothermal energy is better understood through heat flow, reservoir temperature, and system performance rather than conventional fuel density.

01
Nuclear Fuel Extremely concentrated energy potential
02
Liquid Fuels High energy density and practical transportation
03
Natural Gas High-value gaseous fuel requiring dedicated infrastructure
04
Coal Solid fuel with varying energy content and quality
05
Geothermal Heat resource evaluated differently from conventional fuels
ENERGY SECURITY

Resources Are Only Useful When Supply Systems Work

Energy security depends on resource access, infrastructure, storage, transportation, processing, and geopolitical stability.

01

Resource Access

Domestic supply, imports, reserves, geology, and extraction capacity.

02

Infrastructure

Pipelines, refineries, terminals, mines, reactors, plants, ports, and grids.

03

Diversification

Multiple suppliers, fuel types, routes, and technologies reduce dependence.

04

Resilience

Storage, redundancy, maintenance, planning, and flexibility help absorb disruption.

WHERE ENERGY GOES

Major Uses of Energy Resources

01

Electricity

Power plants convert nuclear, fossil, geothermal, and other energy into electrical output.

02

Transportation

Petroleum-derived fuels still power much of global road, marine, and aviation transportation.

03

Industry

Heat and electricity support steel, cement, chemicals, refining, mining, and manufacturing.

04

Buildings

Electricity and fuels support lighting, heating, cooling, cooking, equipment, and hot water.

CHANGING ENERGY SYSTEMS

Energy Transition Creates New Resource Connections

Changes in electricity generation, transportation, battery storage, grids, and electrification are shifting demand toward a broader mixture of metals and minerals.

Electric vehicles, batteries, wind turbines, solar panels, and expanded electricity networks increase demand for copper, lithium, graphite, nickel, rare earth elements, aluminum, and other materials.

SOURCES & METHODOLOGY

Energy Resource Information

Earth Value Index uses government energy agencies, geological surveys, technical publications, market references, academic sources, and clearly identified industry data when describing energy resources, production, supply, markets, uses, infrastructure, and value.

EARTH VALUE INDEX

See How the Earth's Resources Power Modern Life

Continue through energy resources, metals, minerals, critical materials, and the technologies and infrastructure that depend on them.