The Advantage Of Islands or Why Pirates Never Plunder Their Own Ship

“Seaward ho! Hang the treasure! It’s the glory of the sea that has turned my head.”

Robert Louis Stevenson, Treasure Island.

The destructive practice of conventional mining is what terrifies common people most when it comes to the alleged extractive activities at the ocean bottom. Indeed, the centuries-old history of various types of onshore mining can represent thousands of dreadful examples when beautiful landscapes were irrecoverably destroyed in favor of the fossil fuels and minerals enabling another industrial revolution to move on.

  • the global paradigm shift from the present oil-driven economy to the one based on energy accumulation technologies where such minerals as zinc, cobalt, and nickel play a crucial role (the contemporary analysts warnabout cobalt price keeps growing);
  • the new “pirate” behavioral pattern making governments perceive their states-as-a-ships when mineral resources for the local economies should be obtained from the outside oceans if possible. Even though nothing prevents every country to follow such a practice, it especially concerns the island states where land shortage is actual;
  • the progressive eco-friendly technology of the deep sea mining which is based on the autonomous submersible vehicles capable of collecting seabed minerals as carefully as you pick up mushrooms in a forest glade.

In other words, the ocean is a huge natural factory which produces mineral deposits 24/7. And in contrast to onshore minerals, the oceanic deposits are renewable!

Even if the whole humanity starts mining seabed minerals today, the oceans will reproduce their mineral treasures much faster than people can extract them. To put it in economic terms, supply will always exceed demand.

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