Trillions of Dollars of Minerals? Misusing Geology and Economics to the Detriment of Policy

Monday’s New York Times article, “U.S. Identifies Vast Mineral Riches in Afghanistan,” triggered a memory of a 70s-era Popular Science magazine cover that screamed “$3 trillion of minerals on the ocean floor!” That article, along with speeches from promoters of deep seabed mining, built up the anticipation that there were windfall profits to be had from the … Continue reading Trillions of Dollars of Minerals? Misusing Geology and Economics to the Detriment of Policy