Petroleum and Mineral Economics

Petroleum and Mineral Economics examines the value and management of oil, gas, and mineral resources. It focuses on how these resources are extracted, marketed, and priced, while considering economic principles and environmental impacts. This field evaluates the trade-offs between resource development and environmental sustainability, addressing issues like pollution, land use, and community health. By analyzing costs, benefits, and regulations, it aims to find a balance between meeting society's energy and material needs and protecting natural ecosystems for future generations.