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How asteroid mining could add trillions to the world economy
Yahoo! News / The Week ^ | June 25, 2013 | John Aziz

Posted on 06/25/2013 7:02:34 PM PDT by 2ndDivisionVet

An asteroid less than a mile in diameter could hold more than $20 trillion in industrial and precious metals

Resources on Earth are limited. Our planet was born with a fixed amount of water, hydrocarbons, nitrogen, and industrial and precious metals.

And we're collecting, processing, and eventually throwing out those resources at an alarming rate: A United Nations report on resource depletion says that between 1980 and 2008 natural resources per capita declined by 20 percent in the United States, 33 percent in South Africa, 25 percent in Brazil, and 17 percent in China.

For now, only protection and better resource management can safeguard the planet. As we burn through Earth's resources, a wealth of physical resources like metals, water, and hydrocarbons are floating around in asteroids, moons, and other planets, ready to be harvested. If human civilization is to continue to grow and expand over the centuries and millennia to come, hunger for resources is likely to drive us to explore and mine what's way, way out there.

And as wild as it may sound, asteroids in particular could be highly profitable. In 1997 scientists speculated that a relatively small metallic asteroid with a diameter of 0.99 miles contains more than $20 trillion worth of industrial and precious metals.....

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: asteroids; catastrophism; economy; mining; space
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To: a fool in paradise
What happens when one of these nearby asteroids’ orbital path is affected by man’s influence and collides with the Earth?

Hmmm, that was my plan for getting the goods back to earth. Strap a rocket on the stone and point it towards Compton.

51 posted on 06/25/2013 8:23:56 PM PDT by randog (Tap into America!)
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To: 2ndDivisionVet
And we're collecting, processing, and eventually throwing out those resources at an alarming rate: A United Nations report on resource depletion says that between 1980 and 2008 natural resources per capita declined by 20 percent in the United States, 33 percent in South Africa, 25 percent in Brazil, and 17 percent in China.

Absolute BS! It's all still here on good old planet earth. Where do these idiots think they are "throwing out" the material to?!

Not only is this Malthusian nonsense, but it is multiplied by the idiocy that it would cost less to mine an asteroid. There may come a time when mining asteroids is profitable. But it will first be for materials used in off-earth endeavors. That will cost much less than trying to boost materials from earth.

And the only way mining asteroids will be profitable is if government stays out of it!

52 posted on 06/25/2013 8:30:10 PM PDT by DakotaGator (Weep for the lost Republic! And keep your powder dry!!)
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To: ckilmer
However, I buy the argument that the rate of technological change has been accelerating lately. That the technological changes we’ll see in the next—even 20 years will be much like the big technology changes of 1890-1910.

I disagree. Leftist ideology has so completely infected scientific thought today that I'm positive that the late 20th - early 21st century will someday be referred to as the Second Dark Ages.

53 posted on 06/25/2013 8:43:52 PM PDT by VeniVidiVici (Obama's Enemies List - Yes, you are a crook.)
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To: 2ndDivisionVet

Will they be able to grow food out there?


54 posted on 06/25/2013 9:03:16 PM PDT by Mike Darancette (Fight the culture of nothing.)
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To: KevinDavis; 75thOVI; agrace; aimhigh; Alice in Wonderland; AndrewC; aragorn; aristotleman; ...

Thanks 2ndDivisionVet.


55 posted on 06/25/2013 9:06:29 PM PDT by SunkenCiv (McCain or Romney would have been worse, if you're a dumb ass.)
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To: 2ndDivisionVet

Don’t be silly. We have too many mouths to feed right here.


56 posted on 06/25/2013 9:08:28 PM PDT by Cyber Liberty (I am a dissident. Will you join me? My name is John....)
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To: a fool in paradise
The trick is to control the collide, at least the coordinates. :-)

Twofers, mostly.

57 posted on 06/25/2013 9:13:44 PM PDT by going hot (Happiness is a momma deuce)
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To: 2ndDivisionVet

OMG, they’re going to weight Gaya down and drown her. lmbo


58 posted on 06/25/2013 9:26:08 PM PDT by MaxMax (I'f you're not pissed off, you're not paying attention)
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To: 2ndDivisionVet

Since it will cost $30 trillion to mine $20 trillion in metals... sounds like something Obama would be interested in...


59 posted on 06/25/2013 9:55:55 PM PDT by moovova
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To: Blood of Tyrants

We can’t even get to low earth orbit by ourselves.


60 posted on 06/26/2013 3:19:50 AM PDT by hattend (Firearms and ammunition...the only growing industries under the Obama regime.)
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To: 2ndDivisionVet
"scientists speculated that a relatively small metallic asteroid with a diameter of 0.99 miles contains more than $20 trillion worth of industrial and precious metals"

Similarly, a "relatively small gold mine on earth contains more than $20 billion worth of gold". It's quite easy to find the gold - if you look for it only in the mine. The only trick is finding where to place the mine.

Even if you could solve all of the "asteroid mining" problems, you still have to fine a SUITABLE "small metallic asteroid", and then get it here. My recommendation of to invest in the lottery instead. The odds of success are much-much better.

61 posted on 06/26/2013 4:44:36 AM PDT by norwaypinesavage (Galileo: In science, the authority of a thousand is not worth the humble reasoning of one individual)
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To: VeniVidiVici

I disagree. Leftist ideology has so completely infected scientific thought today that I’m positive that the late 20th - early 21st century will someday be referred to as the Second Dark Ages.
............
I don’t disagree with you about the cause and effect of leftist ideology. I just think it takes longer the scientific/technological effects to take hold if for no other reason that there is an enormous momentum built up behind the scientific/technological enterprise in every part of the scientific/technological spectrum.


62 posted on 06/26/2013 11:42:11 AM PDT by ckilmer
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