Chart of the Day: Why the Dream of a New Green Energy Revolution Will Most Likely Never Happen

Right Wire Report Header

Many have been sold on the science of climate change. For many, it ranks at the top of humanityโ€™s biggest concern. However, have any of these same people considered the possibility that this new green revolution could even happen?

To fuel the new green revolution, it will take a lot of metals that will need to be mined for many of the technologies dreamed of to materialize. Much of these metals come from massive open-pit mines across the world. The worldโ€™s largest open-pit mines are on every continent. They are formed through years-long mining for minerals extracted through open mining. Itโ€™s one of the simplest and cheapest ways to extract limestone, diamond, iron ore, coal, as well as other minerals found in the upper layers of the Earthโ€™s crust.

These mines are made artificially and exist only as long as they are maintained. Mining minerals in open-pit mines without mine shafts is a method used worldwide. The idea of open-pit mining is that the dead rock layers towards the surface conceal minerals that would be found in horizontal layers in mines. Check out these open mines in the video below.

Mark Mills is a senior fellow at the Manhattan Institute and a Faculty Fellow at the McCormick School of Engineering and Applied Science at Northwestern University. He also serves on the Advisory Board of Notre Dame Reilly Center for Science Technology and Values and is a strategic partner in Cotton Venture Partners, a boutique venture fund. He addresses the mining realities of the new green agenda.

Regardless of whether the science of climate change is valid and even forgetting the astronomical costs it may take, Mill lays out that the green energy transition is a delusion because of the inescapable mineral mining realities. His arguments are laid out in the series of charts below.

The first real point that must be examined is the volume of required mining materials. In the chart below, focus on the EV component of the chart and see that the required volume of minerals for EVs will be more than 400% compared to what we produce today.

Looking at specific minerals, the chart below shows the multiplier in terms of the volumes of minerals needed. For example, we will need 42 times the amount of Lithium that is produced today.

Since the volume increases of required minerals are massive, below is a chart of copper (other minerals have similar charts) in terms of supply and demand, along with the currently planned mines. In the very short future, the shortfall will be massive, and for certain, the cost will become astronomical.

Finally, as the old story goes, one can not get nine women to have a baby in a month. There are certain realities of bringing a new mining resource online. Below is a chart showing the length of time required to bring a specific mine into production.

The bottom line is that the new green agenda will be virtually impossible, given the current mining forecasts and its possibilities even to achieve. Check out more details from Mark Millsโ€™s video discussion below from a SKAGEN Funds New Yearโ€™s Conference in 2023, where the charts above were obtained.

Again, regardless of your views on the science of climate change, is the new green energy transition many have dreamed of a practical reality (even ignoring the costs) when faced with the physical abilities to mine the minerals required? Significant new technologies that are not even on the horizon will be required.

For those that look at the politics of all this โ€“ the new green agenda, believers are most likely delusional. Give us your take in the comment section below.

By Tom Williams

Right Wire Report
Right Wire Reporthttps://rightwirereport.com/
Right Wire Report was a group of concerned citizens who took action to promote traditional values and work for a better America.

Columns

How a Chinese Government Statistician Was Forced to Report Fake Data

Chinese local govt employee produced a non-authorized report on bees and was visited by police and threatened with being sent to a mental hospital.

โ€˜This One Time, at Groomer Campโ€™

All Camp Brave Trails programs focus on helping LGBTQ+ youth find what they need most to thrive: their people, their place, and their passion.

Why Recognizing a Palestinian State Now Undermines U.S. Interestsย 

A recent American Conservativeย article suggests President Trump recognize a Palestinian state, but this would undermine the interests of the United States.

Harvardโ€™s China Ties Under Scrutiny as US Targets Student Visas

Following Trump adminโ€™s action to vet Chinese nationals studying in US for ties to the CCP, Harvard's involvement with Beijing has come to the fore.

The Russian-Ukrainian Talks Are At An Impasse That Only The US Or Brute Force Can Break

The second round of Russian-Ukrainian talks in Istanbul resulted in no progress and talks are at an impasse that only the US or brute force can break.

News

Guatemalan Deportee Arrives in US After Judge Orders Trump Admin to Facilitate Return

โ€œAmericaโ€™s asylum system was never intended to be used as a de facto amnesty program or a catch-all, get-out-of-deportation-free card,โ€ McLaughlin said.

Trump-Musk Feud Escalates Over Spending Bill: 5 Things to Know

A public feud between Musk and Trump took a turn for the worse. Musk claimed president wouldnโ€™t have won without him and president suggested Muskโ€™s subsidies could be pulled.

Supreme Court Rules 9-0 Wisconsin Violated First Amendment by Denying Tax Exemption to Catholic Charity

Supreme Court ruled unanimously that WI violated the First Amendment by not granting Catholic charity an exemption from paying unemployment tax.

Appeals Court Rules San Diegoโ€™s Yoga Ban Is Unconstitutional

The city of San Diegoโ€™s ban on yoga classes in public parks and beaches was ruled unconstitutional by a federal appeals court.

Supreme Court Rejects Mexicoโ€™s Lawsuit Against Gun Companies

SCOTUS said gun companies should not face lawsuit in which Mexican govt was trying to hold them liable for cartel-related violence involving firearms from US.

FDA Not Recommending Newly Approved COVID-19 Vaccine: Official

FDA approved a new COVID-19 vaccine but is not recommending people receive it, the agencyโ€™s top vaccine officials said on June 4.

Self-Sufficiency Summits in Ohio Reflect Surging Interest in Homesteading

After an age of reliance on store-bought items, many Americans are returning to a self-sufficient lifestyle and growing and raising the food they consume.

Judge Requires Trump Admin to Provide Due Process for Deportees in El Salvador Prison

Boasberg ordered Trump admin to provide habeas relief for individuals it deported and are held in Salvadoran maximum security prison.
spot_img

Related Articles