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- Methane hydrate extraction is super expensive
- Link—Mining
- Deep Sea Mining too expensive and lack tech-machinery needed to mine deep ocean is out of reach
Link—HydratesMethane hydrate extraction too expensive and not viable yet – Japan provesNelder 13 (Chris Nedler, Energy analyst for The Atlantic, May 2nd 2013 “Are Methane Hydrates Really Going to Change Geopolitics?” http://www.theatlantic.com/technology/archive/2013/05/are-methane-hydrates-really-going-to-change-geopolitics/275275/) If Mann's data on methane hydrates is correct, then Japan's experiment so far has taken 10 years and $700 million to produce four million cubic feet of gas, which is worth about $16,000 at today's U.S. gas prices, or about $50,000 at today's prices for imported LNG in Japan. At this point, it is an enormously expensive experimental pilot project, and nothing more. We do not yet know when it might be able to recover commercial volumes of gas, or at what rate, or at what price. We have no reason to believe that if commercial quantities are recoverable by 2018 as Japan hopes--which seems incredibly optimistic--that the price of that gas will be competitive with imported LNG. Methane hydrate extraction is super expensiveMead 13 (Derek Mead, Editor-in-Chief at Motherboard.com, July 30th 2013, Oil Companies Are Preparing to Tackle Methane Hydrate, Assuming It Doesn't Melt First) Japan is currently leading the charge, which comes as no surprise, as the country has at least 10 years' worth of proven reserves off its coasts and natural gas prices that are four times higher than in the US. As of right now, methane hydrate extraction remains incredibly costly and fairly theoretical, but a successful Japanese extraction test in March led the country to state it would try to have viable extraction operations by 2023. That decade timetable is tight, but Japan's not alone. According to a big report in the Wall Street Journal, India and China are also heavily interested in exploiting methane hydrates to help feed their huge energy demands. (Those energy needs have also fueled Chinese and Indian interest in alternative energy sources like thorium.) Currently, costs remain high—the Journal pegs methane hydrate extraction at somewhere between $30 and $60 per million BTUs, while in the US natural gas is $4 per million BTUs—but experiments are ongoing in Asia and North America. Link—MiningMining is super expensiveAmnn 82 (H. Amann, University of Amsterdam, 1982, “Technological Trends in Ocean Mining,” http://rsta.royalsocietypublishing.org/content/307/1499/377.short) Exploration means in our case the detection and the delimitation of a minable deposit that is unknown or insufficiently known. Its method is inductive reasoning on the basis of samples, which arc segments of information representing to a certain, unknown, degree the deposit. This statistical information gathering is highly susceptible to modern mathematical methods of information acquisition and information optimization. On the equipment side particular aspects of the environment have to lie taken into account, which are, in deep ocean exploration, stringent, risky and expensive. The two-dimensional nature of ocean mineral deposits at great water depths and economic constraints determine development trends and methods of exploration. Fast and wide, ‘ planar’, coverages of high precision in order to make optimal use of ship time, the most expensive item, constitutes the main goal. A day of well equipped ship time costs £“5000-10000. The full exploration of an ocean mine site, including the preparation for mining, may necessitate 500-1000 days of ship time. Deep Sea Mining too expensive and lack tech-machinery needed to mine deep ocean is out of reachMacdonald and Welsch 12(Alistair-Reporter at WSJ and Reuters, Edward- Reporter, Canadian Energy Markets at Bloomberg LP Reporter, Canadian Resources at The Wall Street Journal / Dow Jones Newswires Reporter, Canadian Energy at Dow Jones Newswires Reporter, Analyst Ratings at Dow Jones Newswires Reporter, Corporate Filings at Dow Jones Newswires Editorial Assistant/Freelancer at Minneapolis/St. Paul Business Journal Editorial Assistant at VNU Business Media, “Next Frontier: Mining the Ocean Floor”, Wall Street Journal, http://online.wsj.com/news/articles/SB10001424052702303395604577434660065784388) A new breed of small, specialized mining firms plans to dive deep undersea in a quest for rich sources of metals and minerals, as technology and demand make the seafloor increasingly attractive as the next big mining frontier. Previous efforts to dig for deep-ocean deposits fizzled as the reserves were too expensive to mine or technologically out of reach. Now, new advances in robotics, computer mapping and underwater drilling—combined with historically high commodities prices—are reviving interest. To be sure, costs and the innovative nature of the projects means that marine mining in the near term is far from given. That was underscored Friday, when Nautilus Minerals Inc., NUS.T -1.89% long expected to be the first to mine, announced delays to its project on the back of funding trouble . Still, a handful of Canadian companies are close enough that they are signing up customers and finalizing drilling schedules and budgets. Vancouver-based DeepGreen Resources Inc. announced last week that Swiss commodities trader Glencore International GLEN.LN +1.64% PLC has agreed to buy half of the nickel and copper it plans to process from tennis-ball-sized nodules sitting almost three miles below the water's surface between Hawaii and Mexico. The nodules contain about 30% manganese, a metal used to make steel, along with cobalt, nickel and copper. DeepGreen hopes to begin production by 2020. 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