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Old March 27th, 2017, 07:50 PM   #71
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Sure it is, but the search does no good once resources get past the EROEI point of being economically viable for exploitation. The only question is WHEN, because just as steam is pumped down into oil wells to free up what's left if the market price is high enough, mines will continue production as ore grades continue to decline, if they can get a high enough price to justify the increased costs in energy and smelting ores to extract the desired metals and removing the slag refuse.

What goes unmentioned in almost all discussions of today's global economic stagnation problems is that there are good indications that many resources-starting with oil, are reaching an extraction and development cost level that is making them too costly for the prolifically energy-wasting capitalist economies that run this world. So, as demand for oil has risen, so did prices, until they hit about $100 per barrel..and then there was a global recession that caused a decline in oil consumption with a corresponding drop in prices.

Up here right now, the expensive and dirty development of bitumen for oil byproducts in Alberta may be the first of what will eventually take out the rest: all the efficiency ideas in the world aren't bringing costs down to the point ($50 per barrel) where they can be profitably extracted by the major oil companies. So, the majors are trying to do a face-saving move of selling off their operations at a loss to smaller, local, more efficient developers who are willing to take lower profits than big oil companies are willing to bother with.

About 10 years ago, when some oil analysts were noticing the lack of new major oil developments and declining reserves/against increasing oil demand in developing industrialized economies, we started hearing the term "Peak Oil." The big surprise that many peak oil theorists like former CIBC chief economist-Jeff Rubin didn't forecast was prices would not continue rising to $200 or so in some upward trend to unaffordability. Instead the reality looks more like prices get stuck hovering around a level ($50) that is too low to justify spending billions on tight oil extraction, while demand keeps crashing every time they go significantly above $50.

So, the future of global capitalism on this planet (ecological disasters aside) is an endless story of economic stagnation with wealth-extraction by the rich, and wars over remaining resources. Any sci fi scenarios of solving the dilemma and getting back into a glorious, futuristic tomorrow (like A.C. Clarke used to write) will require some kind of extraordinary cheap extraction from asteroids and the Moon that are presently unrealistic and unaffordable.
One of my biggest disappointments in Obama and the democrats is that when they passed the stimulus package we didn't invest heavily in green energy. We are 5% of the world's population and yet we consume something like 20% of the world's oil. China and India BOTH have more people in their emerging middle classes than we have people in the country. At some point we ARE going to be competing for the planets increasingly limited resources. We need a comprehensive plan to wean ourselves off the oil AND implement a comprehensive recycling plan for rare metals/earth components while we have the economic power to do so.

Sadly the previous administration didn't do nearly enough, and the current will take in us the opposite direction.
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Old March 28th, 2017, 11:22 AM   #72
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You're ignoring that which you call stagnation is contradicted by the fact that in recent times, for the first time in history most of the human race now lives above the level of bare subsistence.
A man once jumped off the roof of a 50 story building. As he was falling, people at lower levels heard him say: "everything's fine so far!"
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Old March 28th, 2017, 11:24 AM   #73
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A man once jumped off the roof of a 50 story building. As he was falling, people at lower levels heard him say: "everything's fine so far!"
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Old March 28th, 2017, 11:26 AM   #74
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What are now rare earth minerals could easily become common just mining a single asteroid. Water, iron and other materials will be useful in colonizing the moon, mars, and space stations. This is online to begin in earnest by 2025.
That sounds like the myth of progress in a nutshell...everything that's possible will someday be applied. Problem with this myth is the possible has to be economically viable and sustainable also.
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Old March 28th, 2017, 05:27 PM   #75
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That sounds like the myth of progress in a nutshell...everything that's possible will someday be applied. Problem with this myth is the possible has to be economically viable and sustainable also.
And a myth it is, but it's a myth believed by those who are looking for some excuse for fucking up the Earth, the "No Problem" myth that after we completely fuck up this planet, we've got lots of other planets and asteroids to fuck up.

Strangely, lots of self-professed Christians buy into this myth.
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Old March 29th, 2017, 05:23 AM   #76
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And a myth it is, but it's a myth believed by those who are looking for some excuse for fucking up the Earth, the "No Problem" myth that after we completely fuck up this planet, we've got lots of other planets and asteroids to fuck up.

Strangely, lots of self-professed Christians buy into this myth.
No, that's not it.

Long term the earth could be a giant park as noxious industrial processes are transferred to barren asteroids.
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Old March 29th, 2017, 06:32 AM   #77
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No, that's not it.

Long term the earth could be a giant park as noxious industrial processes are transferred to barren asteroids.
Did you read what IT wrote about fucking up other places?
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Old March 29th, 2017, 07:40 AM   #78
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No, that's not it.

Long term the earth could be a giant park as noxious industrial processes are transferred to barren asteroids.
You have no idea how many millions of tons of consumer goods are consumed every day, and you think using rockets to transport it all would make any economic sense?

Sorry webguy, that's a myth unless some miraculous source of energy is discovered, and it could happen.
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Old March 29th, 2017, 07:43 AM   #79
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You have no idea how many millions of tons of consumer goods are consumed every day, and you think using rockets to transport it all would make any economic sense?

Sorry webguy, that's a myth unless some miraculous source of energy is discovered, and it could happen.
We have the com. Devices from star treck those food zapper things must be right around the cornor.
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Old March 29th, 2017, 08:06 AM   #80
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You have no idea how many millions of tons of consumer goods are consumed every day, and you think using rockets to transport it all would make any economic sense?

Sorry webguy, that's a myth unless some miraculous source of energy is discovered, and it could happen.
Think about what a rocket puts into the atmosphere on its way out, or the same decelerating on the way back? But webguy thinks by then rockets will be burning rainbows and unicorns. But green energy will never happen. He knows all about this stuff.
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