• 2 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 5 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 8 minutes The Inconvenient Truth Of Electric Cars
  • 12 minutes The Plastics Problem
  • 1 min SHALE MAGIC: Let the oil flow: US to lead oil output growth through 2030: ConocoPhillips chief economist
  • 6 hours To be(lieve) or Not To be(lieve): U.S. Treasury Secretary Says U.S.-China Trade Deal Is 90% Done
  • 3 hours Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 2 hours Philadelphia Energy Solutions seeks to permanently shut oil refinery - sources
  • 2 hours IMO 2020
  • 4 hours EIA reports 12 mm bbls Inventory draw . . . . NO BIG DEAL . . . because U.S. EXPORTED RECORD 12 MILLION BARRELS DAY OF CRUDE + PETROLEUM PRODUCTS ! ! ! THAT'S HUGE !
  • 13 hours Here we go folks, the wish of so many: Pres. Trump threatens to lessen US security role in Strait of Hormuz, unveils sanctions
  • 3 hours Its called reality: Economic, policy challenges to make Asia's energy transition painfully slow
  • 13 hours Looks like Trump is putting together a "Real" Coalition to protect Persian shipping lanes. Makes perfect sense. NO Fake "Coalition's of the Willing" UPDATE REUTERS Pompeo "Sentinel Program"
  • 2 hours Ireland To Ban New Petrol And Diesel Vehicles From 2030
  • 21 hours Hard To Believe: UAE Will Work To Defuse Middle East Tension
  • 3 hours Oil Demand Needs to Halve: Equinor
BP Chief Pushes Renewable Investment Boost

BP Chief Pushes Renewable Investment Boost

BP’s CEO Bob Dudley has…

Shale Pioneer: Fracking Is An “Unmitigated Disaster”

Shale Pioneer: Fracking Is An “Unmitigated Disaster”

Fracking has been an “unmitigated…

Zainab Calcuttawala

Zainab Calcuttawala

Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…

More Info

White House Pushes Plan To Turn Moon Into Interstellar “Gas Station”

The moon

A Trump administration initiative plans to turn the moon “into a kind of gas station for outer space,” according to Commerce Secretary Wilbur Ross.

Development on the planet’s natural satellite would allow deeper expeditions beyond the solar system and help propel commercial space exploration initiatives. "A lot depends upon how successful we are in turning the moon into a kind of gas station for outer space," Ross said Thursday morning on CNBC.

Ross, who previously worked in private equity investment, has been working to advance private space ventures as one of the members of the reconstituted National Space Council.

"The plan is to break down the ice into hydrogen and oxygen, use those as the fuel propellant," Ross added.

Previous studies have explored this concept, concluding that transforming the moon into an interstellar pit stop would lower fuel costs and increase energy efficiency.

The new White House has also proposed to turn over American responsibilities on the International Space Station (ISS) to private companies.

Asteroid mining is another serious futuristic interest for oil and gas companies planning to stay in the fossil fuel business past the renewable energy takeover by the end of this century. While scientists and engineers have been studying the costs and technology necessary to launch space mining probes and missions, energy consultant Tom James at Navitas Resources reckons that private companies could begin launching satellites prospecting asteroids within five years, and actual mining for water and rare metals on asteroids could begin within eight years.

“Water is the new oil of space…Middle East investment in space is growing as it works to shift from an oil-based to a knowledge-based economy,” James told Bloomberg in an interview published last year. The Middle East “is an emerging new space power fueling the future of commercial space and exploration,” he added.

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • Donald Clifford on February 22 2018 said:
    Long term exposure to low gravity will be useful. We know a lot about zero G, not much about low G. And long term habitation on the Moon is good experience for a manned Mars mission, which of necessity will be long duration.

Leave a comment

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