• 4 minutes Trump will meet with executives in the energy industry to discuss the impact of COVID-19
  • 8 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 11 minutes Why Trump Is Right to Re-Open the Economy
  • 13 minutes Its going to be an oil bloodbath
  • 36 mins US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 2 hours Marine based energy generation
  • 11 hours What If ‘We’d Adopted A More Conventional Response To This Epidemic?’
  • 54 mins While China was covering up Covid-19 it went on an international buying spree for ventilators and masks. From Jan 7th until the end of February China bought 2.2 Billion masks !
  • 1 hour Real Death Toll In CCP Virus May Be 12X Official Toll
  • 2 hours China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 22 hours The Most Annoying Person You Have Encountered During Lockdown
  • 19 hours Trafigura CEO Weir says, "We will see 30% to 35% drop in demand". That amounts to 35mm bbls/day glut ! OPEC+ 10 mm cut won't fix it. It's a DEMAND problem.
  • 8 hours TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
  • 21 hours Today 127 new cases in US, 99 in China, 778 in Italy
  • 23 hours Cpt Lauren Dowsett
  • 1 day Washington doctor removed from his post, over covid

Close Approach Asteroid Worth $200 Billion to Space Miners

Close Approach Asteroid Worth $200 Billion to Space Miners

This Friday the asteroid 2012 DA14, the largest ever known asteroid to make a close approach to the Earth, will pass just 17,200 miles (for two objects in space that is very close) form the planet’s surface. Asteroid 2012 DA14 is 45 metres wide and has been estimated by space mining company Deep Space Industries to be worth nearly $200 billion, in terms of the metals and water that it contains.

Deep Space Industries have estimated that it contains $65 billion of recoverable water, and $130 billion in metals such as iron and nickel. Whilst the projector of this particular asteroid is too highly tilted relative to the Earth to make a retrieval attempt, it perfectly illustrates the wealth of resources that can be mined from space.

Related article: Why EROEI Means Mining in Space will Never Work

Rick Tumlinson, the chairman of Deep Space, stated that, “while this week's visitor isn't going the right way for us to harvest it, there will be others that are, and we want to be ready when they arrive.”

The company’s plans are to mine asteroids in space for the water which can be used to create rocket fuel, enabling space ships to be refuelled cheaply and efficiently, and the metals which can be used to construct infrastructure, and allow for an industry that builds space vessels, and human habitats in space. Deep Space believe that this is the only way that humanity will be able to expand into the space in the future.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage




Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News