Resources are an essential aspect of any country’s economy since they may be used to generate both income and jobs. Certain natural resources, including petroleum, have much more economic value than others. Canada, located in North America, has one of the world’s greatest economies. Canada is a member of the G8 and other international groups because of its thriving economy. Some of the world’s most valuable natural resources are found in this country. In this article, we discuss why are resources distributed unequally over the earth as well as What Are the 3 Main Natural Resources of Canada? 

Why Are Resources Distributed Unequally Over the Earth?

Because distinct physical elements vary significantly over the earth’s surface, resources are not distributed evenly. Various geographical and climatic conditions, height, and topography determine the distribution of natural resources. For example, Canada is rich in natural resources, including timber, minerals, petroleum, and natural gas. These resources have significantly impacted the country’s economy and development. 

What Are the 3 Main Natural Resources of Canada?

Canada has $33.2 trillion in natural resources. Its oil reserves are third behind Venezuela and Saudi Arabia. The country owns industrial minerals like gypsum, limestone, rock salt, and potash and energy minerals like coal and uranium. Canada produces copper, lead, nickel, zinc, gold, platinum, and silver. Canada dominates natural gas production. Now we discuss 3 Main Natural Resources of Canada.

Natural Gas

Canadians have easy access to a wealth of natural gas. The country has an estimated 1,225 trillion cubic feet of natural gas potential, making it the fourth-largest producer and the fifth-largest exporter in the world. Natural gas presently supplies around a third of Canada’s energy needs. Canada provides enough natural gas to meet around 20% of the demand in the United States. Since it is one of the few fossil fuels that produce little to no pollution when used, natural gas is in high demand across the globe. The International Energy Agency predicts this demand will increase by 45 percent by 2040.

Petroleum

With the third largest petroleum reserves in the world, Canada’s petroleum is a crucial economic resource. Because of its extensive oil resources, Canada is now a top oil exporter and producer. Back in 1858, when James Williams drilled the first oil well in the country, the oil business had its start. Newfoundland and Labrador, Alberta, and Saskatchewan are Canada’s main oil producers. In 2015, Alberta supplied almost 80% of Canada’s total oil supply, making it its primary oil-producing area. Canada ships much oil to the US, a major product market. On average, the country pumps out 68,800,000 tons of crude oil every year.

Potash 

Potash is an important resource for Canada because it produces and extracts more of it than any other country, accounting for 29 percent of worldwide output. Saskatchewan is the most productive province in terms of potash production in Canada. Canadian potash exports have risen, with the country producing 17.9 million tons in 2016, down from 18.8 million tons the year before.

Furthermore, Canada has abundant freshwater resources, accounting for nearly 20% of the global total. Canadian economic growth and success are largely attributed to abundant natural resources. 

Canada’s most important natural resources are oil, natural gas, metals and minerals, forests, and water. Resources are spread differently worldwide because climates, geological features, and population sizes vary from place to place. As a result, some places have a lot of resources while others do not. This leads to unequal distribution of resources, which causes different economic growth in different areas.