Moon mining

Armand2REP

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Once precious materials are mined from other planets, moons or asteroids the value of these precious metals will drop due to increased supply. It's a basic law of economics.
The price will remain high because the extraction price (space mining) is so high.
 
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https://www.usatoday.com/story/news...alls-commercializing-solar-system/5124737002/

Trump executive order calls for commercializing the solar system, mining the moon

Neil Armstrong captivated the world when he took "one giant leap" onto the moon's dusty surface in 1969.

President Donald Trump – who began his foray into galactic affairs when he championed the Space Force to fight extraterrestrial wars – is looking for his own moon landing moment.

In the midst of the coronavirus pandemic, the White House announced Monday an executive order in which Trump calls for U.S. business interests to mine the moon.

Though the order specifies that a return to the moon would allow the country to explore and exploit lunar minerals, it insinuates that the scope of this new era of commercialization would apply to "the moon, Mars and other celestial bodies."

Lunar development would include a search for minerals, as well as water, and this would require partnerships between the U.S. government and private industry.

According to the order, one of the major roadblocks holding businesses back from mining the moon is "uncertainty regarding the right to recover and use space resources, including the extension of the right to commercial recovery and use of lunar resources."

Trump's executive order attempts to advance the scarce legal framework that governs various nations' claims to space. Several international resolutions such as the Moon Agreement have been adopted over the past 50 years, but the administration in its order did not acknowledge the legitimacy of these.

Secretary of State Mike Pompeo has 180 days to consult with other Cabinet-level positions and the head of NASA before reporting back to Trump on progress made in advancing the decision.

In 2001, NASA landed the first man-made object on an asteroid, leading to speculation that certain rare minerals could one day be mined from rocks hurtling through space. The mining, oil and gas industries have turned to increasingly extreme extraction methods such as seabed strip mining and hydraulic fracturing to access mineral deposits on this planet.
 

Bhumihar

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So the fantasy thread has finally start to take off, it's not that I ever disagreed with it but I never thought it would be so soon.
 

Bajirao

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why?? Lot of untapped resorces.
Many oil blocks even in bay of bengal and arabian sea havn't seen commercial drilling due to unvabourable profit to cost ratio and we are talking about moon mining....trump loves to be in news headlines so,he declared this bizzare future plan but we shouldn't waste our time by thinking about it...
 
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Many oil blocks even in bay of bengal and arabian sea havn't seen commercial drilling due to unvabourable profit to cost ratio and we are talking about moon mining....trump loves to be in news headlines so,he declared this bizzare future plan but we shouldn't waste our time by thinking about it...
Helium 3 is on the moon a fuel for future fusion reactors. Things have been calculated and things
would not be planned if profits are not there.
 

Bhumihar

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Many oil blocks even in bay of bengal and arabian sea havn't seen commercial drilling due to unvabourable profit to cost ratio and we are talking about moon mining....trump loves to be in news headlines so,he declared this bizzare future plan but we shouldn't waste our time by thinking about it...
We forever can't exploit earth resources.
Mining and Drilling for oil and resources is responsible for many earthquakes and deterioration of ecosystems.

The resources on earth are limited while there is limitless resources in space.

Currently moon mining will only be done for high value strategic resources but in the future some 100 to 200 years later u may see Steel and Titanium coming from outer space.

Still all of this is just fantasy for now so there isn't much of a point taking about this.
 

nrj

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Many oil blocks even in bay of bengal and arabian sea havn't seen commercial drilling due to unvabourable profit to cost ratio and we are talking about moon mining....trump loves to be in news headlines so,he declared this bizzare future plan but we shouldn't waste our time by thinking about it...
Sooner or later, most will be mining outside earth.

Somebody has to think about it, Trump getting some publicity out of it doesn't change much.
 

sorcerer

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Many oil blocks even in bay of bengal and arabian sea havn't seen commercial drilling due to unvabourable profit to cost ratio and we are talking about moon mining....trump loves to be in news headlines so,he declared this bizzare future plan but we shouldn't waste our time by thinking about it...
Trump is doing creating a base line for all the future plans may be in some 50+ years. Thats how nations work.
 

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