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Economy of Arcerion: Difference between revisions
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==== Gas and Petroleum ==== | ==== Gas and Petroleum ==== | ||
''Main Article: [[Albion Sea Gas Fields]]'' | ''Main Article: [[Albion Sea Gas Fields]]'' | ||
Gas and petroleum has been a growth industry for Arcerion since the 1980s and the exploration, extraction, processing, and export of liquid natural gas and crude oil from the Albion Sea Gas Fields. It is a ₤1.1 trillion pound industry that accounts for millions of jobs in Arcerion and a significant portion of the GDP. It has maintained a steady increase in both the energy production share and its economic output as part of the national economy since then. It is expected to see steady growth for decades as more areas are explored and additional facilities are constructed. The majority of this economic boom is centered in Howland Governorate, where the storage, processing, and export facilities for liquid natural gas and crude oil are kept. Much of this petroleum and gas is exported locally to North Crona, to Indigenous countries with a lack of renewable energy sources. | |||
[[File:Wheat harvest northlea.jpg|thumb|A combine harvester works in Northlea Governorate during harvest season in 2023.]] | |||
==== Agriculture ==== | ==== Agriculture ==== | ||
As of 2030, Arcer agriculture made up 30% of the Arcer GDP. Over two-thirds of Arcer food products and farm products are exported, and Arcerion is considered to be self-sufficient for foodstuffs as it is a net exporter of grain, beef, barley, and other farm crops. Irrigation is a key staple of the Arcer agricultural industry, and the network of freshwater rivers, culminating in the Innis River Basin also help to irrigate and provide the water required for the vast amounts of arable farmland that make up the majority of the Arcer Heartland. Although Arcerion has a fairly average rainfall for the climate it is in, rivers and crop rotation help to keep the soil fertile and crop yields high. As well, Arcer investment in modern farm machinery, bio-engineered crops, and pesticides all assist with keeping crop yields high and blight low. It also makes up the largest work force in Arcerion, as agriculture, and supporting industries (farm machinery sales, grain elevators, foodstuff transportation) are the dominant form of employment in [[Northlea Governorate]]. Farming is expected to be a staple in the Arcer economy for decades, as much of South Crona relies on Arcer food and energy exports for its daily subsistence. | As of 2030, Arcer agriculture made up 30% of the Arcer GDP. Over two-thirds of Arcer food products and farm products are exported, and Arcerion is considered to be self-sufficient for foodstuffs as it is a net exporter of grain, beef, barley, and other farm crops. Irrigation is a key staple of the Arcer agricultural industry, and the network of freshwater rivers, culminating in the Innis River Basin also help to irrigate and provide the water required for the vast amounts of arable farmland that make up the majority of the Arcer Heartland. Although Arcerion has a fairly average rainfall for the climate it is in, rivers and crop rotation help to keep the soil fertile and crop yields high. As well, Arcer investment in modern farm machinery, bio-engineered crops, and pesticides all assist with keeping crop yields high and blight low. It also makes up the largest work force in Arcerion, as agriculture, and supporting industries (farm machinery sales, grain elevators, foodstuff transportation) are the dominant form of employment in [[Northlea Governorate]]. Farming is expected to be a staple in the Arcer economy for decades, as much of South Crona relies on Arcer food and energy exports for its daily subsistence. | ||