Rare-Earth prices are in the doldrums. China wants to keep them that way: on.wsj.com/3AiRwyU
@chrlzortz
Ай бұрын
This is one of these ideas that we will regret as humanity in the future
@michael2275
Ай бұрын
Thinking like this and it's popularity is regrettable.
@jesusmeza4494
Ай бұрын
Doubt it
@mathoskualawa9000
Ай бұрын
Yes, just like strip mining and slavery. Good thing we don't do those things anymore... /s
@PurpleCh4lk
Ай бұрын
I think many of us regret this already. This is ridiculous.
@ji8044
Ай бұрын
Norway is like a guy who protests against capital punishment but makes his living as a hangman.
@jamsbong
Ай бұрын
Those black pebbles 5:05 are the life essentials for the local ecosystem. They react with the ocean water to produce oxygen. The mining companies are going to simply vacuum the ocean floor clean of this rocks to make EVs! This is like a massive deforestation underwater. Human have already exploit/used about half of earth land surface that can be cultivated for food. Natural forest and wild habitat land are disappearing because we are using those land to grow food. We have the engineering might to just wipe every other living things on earth quite rapidly. Leaders need to have the wisdom to stop this madness before it is too late.
@GenericHandle666
Ай бұрын
What are the names of the companies that want to do this? Where is your proof?
@ELYELYELroy
19 күн бұрын
@@GenericHandle666 TMC, LOCKE, GLENCORE and i think even rio tinto are investing in deep sea mining
@Cromag3
17 күн бұрын
Can you link an article about the black pebbles being essential for the local ecosystem? I'm not disagreeing with you, I just don't know enough about this stuff and want to learn.
@americandreaminfinland
7 күн бұрын
@@GenericHandle666 John Oliver did a full segment on this a few weeks back, he talks about them right around the 3 minute mark: kzitem.info/news/bejne/0o1tqXuKhF9iqXYsi=tzxI_EzzYdsteZus Gerard Barorn is the CEO of The Metals Company. They're one of the ones trying to get the contracts to mine the deep sea.
@SP-ct2rj
Ай бұрын
Mining is anyway not green. Whether we get it from land or sea there'll be an environmental impact.
@Nonentity33
Ай бұрын
“irreparable damage”, meaning damage so massive it can not be repaired. Leave those minerals and their surrounding ecosystems alone. Find a way to recycle the minerals we already have.
@bennyklabarpan7002
Ай бұрын
it's norway's resource. they can do what they wish with it. If we want to deal with overconsumption we must deal with the overpopulated nations, Norway is the furthest thing from that
@westerling8436
Ай бұрын
@@bennyklabarpan7002 The oceans are the common heritage of humanity past present and future
@bennyklabarpan7002
Ай бұрын
@@westerling8436 not the NORWEGIAN SEA
@JayKumar-mr2oh
Ай бұрын
@@bennyklabarpan7002 ever heard of co2 emissions per capita?
@bennyklabarpan7002
Ай бұрын
@@JayKumar-mr2oh yes, it favours countries that overpopulate. CO2 per area is a much better metric.
@erikvinnes
22 күн бұрын
Norwegian here. I truely believe that we should pass over these minerals. Let them be.. The risk seems to me just too high.. (with regard to causing irreperable environmental damage).
@alystero8838
21 күн бұрын
No, US companies can invest in it and make good money.
@Sjalabais
Ай бұрын
Norwegian here, from Bergen, as shown in the video. We've been lucky with resources, but there's little public discussion of the environmental downsides here. I don't quite understand that because it is *obvious* that mining would destroy these ecosystems. The permits mentioned by the state secretary are also for research *and exploration* - so this is a dangerous game they're playing. Apart from that, manganese crust and nodules have been the next big thing in resources for over five decades. It's like fusion energy - hugely promising, hugely difficult to do, with a potentially life destroying downside on the other end.
@Zyzyx442
26 күн бұрын
We are not even exploiting our phosphate resources due to not only climate concerns but other countries like Marocco's economical concerns. It is highly unlikely we will exploit these new available resources for as long as we can keep doing good enough without'em.
@sunalwaysshinesonTVs
Ай бұрын
Yeah, so... recent scientific study concluded those very rare earth minerals (and whatever else they're attached to) plays a significant role in oxygenating the ocean, ergo mine those and we could see a massive die off. Of course deep see mining companies are disputing that cause money. Wonder which side wins?
@Avantime
Ай бұрын
The environmentalists. Because China's going to keep prices too low for any viable deep-sea extraction (anything deep-sea is enormously expensive), even with Western government support. No commercial miner is going to put up billions of their investors' money just for the project to depend completely on the largesse of Western taxpayers.
@puntvandekomma9498
29 күн бұрын
which side wins? lol. How is there a winner in destroying the only planet we can live in? In the end we all loose
@sunalwaysshinesonTVs
29 күн бұрын
@@puntvandekomma9498 Money always wins, that's what sociopaths call "reality".
@morgan1800
28 күн бұрын
That study rather speculated that these nodules could possibly make a minuscule contribution of water oxidation to oxygen.
@SomeSortOfMan
Ай бұрын
A shame there’s not a race to study the unexplored ecosystems at the bottom of the ocean. Not much money in that though I suppose.
@lithiumvalleyrocksprospect9792
Ай бұрын
Dark oxygen discovery might affect deep sea mining
@NewArgon
Ай бұрын
As in the comments here, I agree that nothing should be mined there. Countries with poor people should do that. We in the West should pay more attention to our environment. China and other countries can pollute the environment and we can simply buy from them to power our smartphones, solar panels and energy storage systems. They have then ruined their environment forever 100 times worse, because they don't do it as properly with mining as developed countries (which have more regulations and experience and can afford it) can. In exchange, we can send them 10 euros per person every month so that we feel good about it. Mining has to be done by poor countries and people so that our own environment looks 100% beautiful. Or we all do without technology, I always wanted to live in the stone age, they certainly didn't have depression. Caution: irony!!!!
@concernednewfie
Ай бұрын
The race to strip mine the ocean floor into lifeless empty scars is my first guess. With slow 10000 year recoveries vice how a forested area might slowly recover. Sure, a few small cuts would not be that bad, but we both know what happens when 'industrial scale' is applied.
@dustman96
29 күн бұрын
We cannot allow this to happen. Would be one of the dumbest things humanity has ever done.
@Joehk416
15 күн бұрын
Would you rather use slave labour and child labour?
@peketerluin66
14 күн бұрын
Yeah of course lets destroy an ecosystem we barely have anny knowledge of to further improve life quality of developing countries.
@dustman96
14 күн бұрын
@@Joehk416 You do realize that we all depend on the stability of the ecosystem. Would people be better off in a doomsday scenario? That's what we are headed for if we mess around with the ecosystem too much more.
@SMEARGLEX75
Ай бұрын
For a second, I was anticipating Platinum after that one time in History, Spain dumped all their Platinum in the Ocean thinking it was worthless.
@posthocprior
Ай бұрын
Norway is very high minded and progressive on issues -- except when it comes to the potential profit that the country could make. Then, it's become a smiley-happy version of the frackers in Texas or the monarchists of Saudi Arabia.
@Waverunner21
Ай бұрын
The reason Norway went from a Economically depressed backwater to a prosperous country is oil drilling.
@Kim-br5yj
25 күн бұрын
False, we already had the 7 highest GDP pr capita in the world when we found oil.
@denisk886
8 күн бұрын
@@Kim-br5yj due to low population
@alexanderbalsvik592
5 күн бұрын
@@denisk886 gdp per capita is still a good indicator lol. Norway is one of the largest fish exporters in the world.
@kelvinblueberry1653
28 күн бұрын
Recent research about Dark Oxygen shows that we still do not know enough about the sea floor to comprehend the potential damages seabed mining operations may have. My vote is to protect these areas until more is learned about how oxygen, energy, and mass are transferred through the food chain and how the metal nodules and crusts affect these systems.
@bodizathva
28 күн бұрын
Funny how they related the submarine mining to "clean energy"... What worries me, is that the conditions in the planet are becoming more and more adverse, not only for other species, but also for us. Some, few may see a big business and maybe consider the care for the ecosystem irrelevant. But, what if the mining introduces heavy metals in the food chain, and people gets poisoned. Or if the impact by any meaning affects the food availability, the deposition of CO2 , or whatever... These doesn't make sense to me. Please, excuse my por English
@ji8044
Ай бұрын
Norway is perhaps the largest oil revenue nation in the world outside of the Middle East on a per capita basis. So they're not about to suddenly become friends of the environment today.
@Adrian-lc6jq
Ай бұрын
They invest their sovereign wealth fund on environmental friendly projects. Where as the middle east invest it on airconditioned football fields in the desert.
@ji8044
Ай бұрын
@@Adrian-lc6jq That's entirely false and rather ridiculous.
@KappaClaus
Ай бұрын
@@ji8044 Norway sacrifices its own prosperity for climate. You don't sort paper from plastic
@ji8044
Ай бұрын
@@KappaClaus Sheer idiocy, Norway pays for its entire government budget with oil revenue.
@Avantime
Ай бұрын
@@KappaClaus North Sea reserves have been on the decline for decades now, The British side has been running down its investments and starting to pack up because getting that very last drop isn't worth the amount of new investment required, especially if the oil price go lower as the North Sea is one of the most expensive producers of oil, and much harder to breakeven compared to low cost producers like Saudi Arabia. Norway's sacrifices are because they can see the writing on the wall with their own oil reserves, not the climate. And by frontrunning the EU on electrification and renewables (Unlike 'drill, baby, drill' in America, the EU's green commitments were never in doubt) Norway hopes to start a cottage industry that will supply the EU - that is if they don't get slaughtered by the Chinese.
@westerling8436
Ай бұрын
New ways to destroy the blue commons
@corujariousa
Ай бұрын
We've been so smart, responsible, safe and only produced good results with surface crust mining, right? Why would anyone be concerned about deep sea mining? What could possibly go wrong? 🙄
@ThickBanana
25 күн бұрын
News update: "China claims ownership of sea between Norway and Greenland"
@greendsnow
6 күн бұрын
If a country like say Vietnam, Turkey or Indonesia did this... EU would heavily criticize and introduce embargoes to mineral AND related industries
@somaghosh2960
Ай бұрын
I got to know many things, so thank you WSJ.
@sammorrissey9094
Ай бұрын
Absolutely should not be doing this. This is the very bottom of the food chain, which is about to be decimated. The effects won't be seen for years, but will absolutely not be reversible
@DiegoMarquesBrazil
Ай бұрын
Wow, just 2 weeks after the discovery of dark oxygen? Seems like an older video, not even mentioned! What a shame WSJ
@urbanstrencan
Ай бұрын
Really great to see that we have resources in other places but deep se mining is not the way
@alystero8838
21 күн бұрын
L for Slovenia and W for Norway 🇳🇴 👑
@trippiallstar7925
Ай бұрын
Just no - this is disgusting!
@PR-nb4rb
Ай бұрын
Search for minerals on different planet not on this, there is no planet B.
@brendanperera8492
Ай бұрын
Madness
@harperwelch5147
Ай бұрын
And the incredible damage to the sea floor? Massive pollution of sea life.
@marvinyo5
29 күн бұрын
When you fudge the earth so much that the only way is up or down into the crust Hopefully no natural disasters take place with all the drilling
@mozzen456
14 күн бұрын
as a norwegian, the newspaper almost write nothing on this... i dont think many of us know that this is happening
@Relikvien
6 күн бұрын
In the end no matter how hard we try we'll eventually just mine 000000,1% of the mapped surface. The ocean is vast guys, and the need for these materials is vital for the green change. I mean, we could just dig up more of the Congolese forrest..
@GudasWorld_2
Ай бұрын
NO! DO NOT MINE THE OCEAN!!! Asteroids are the target.
@kreativechaos7606
15 күн бұрын
Rather than first developing minimum waste/damage techniques they are going to create a new disaster.
@beatrizcascelli
Ай бұрын
Great video!!
@andrewhills7478
Ай бұрын
It caught my attention. Any idea where the accent is from?
@riley6723
27 күн бұрын
Any work offshore takes massive amounts of equipment and fuel. Work completion takes much longer than on land. Especially at depths. So “harvesting” at depth costs ALOT just to harvest. Imagine how much more the final products will cost the consumer when it finally reaches us….
@champan250
28 күн бұрын
A country whose sovereign wealth fund (from oil money) acting as the leading crusader on ESG investment initiative is working on deep sea mining, how ironic is this
@Heegooat
27 күн бұрын
ESG is an existential threat to African countries. Its imperialism by another word
@HowToChangeName
Ай бұрын
Remember that discovering new resource doesnt mean cease land mining, its both and will always both
@FreakedOutDan
10 күн бұрын
Sounds like a Howard Hughes Glomar Explorer cover story.
@cipaisone
20 күн бұрын
Gotta catch ‘em all
@andrewprice9431
29 күн бұрын
So what company do we invest in? Or just the higher ups getting the insider trading info here in America.
@willythemailboy2
26 күн бұрын
Hopefully this madness will be outlawed, so don't invest in any of them.
@alystero8838
21 күн бұрын
Invest in exxonmobil, chevron
@andrewprice9431
21 күн бұрын
@@willythemailboy2 if it fills the pockets of the rich, they will let it happen. Look around for a change. Big corporations own everything
@joefox9765
19 күн бұрын
Goodbye Ocean Life 😢
@AndreaDoesYoga
Ай бұрын
Impressive race for minerals, keep it sustainable! 🌎
@PresidentWORLD-h3o
23 күн бұрын
*Eco-friendly STOP NOW it's project and stakeholders!!! Too*
@jon9625
13 күн бұрын
Only a matter of time before we realise that this was a bad idea
@coronataskforceberlin4077
21 күн бұрын
Has Norway enough offshore and deep sea equipment to blow up the north stream pipeline that is in competition to the Norwegian Baltic pipeline?
@alystero8838
21 күн бұрын
Norway should next do the same with druzbha and yamal pipeline
@DominikKristek
25 күн бұрын
How dare you drive Diesel car, meanwhile Norway is destroying the life below surface lol.
@Ric419
Ай бұрын
mining is not environmental, NORDIC NATIONS AREN’T AS GREEN AS THEY MARKET THEMSELVES. THEIR IS ALOT OF RISK HERE.
@magpaf2436
24 күн бұрын
How far shall we destroy our home. There no way it can be done safely if we have failed to do it on land.Over consumering short term products is problem that needs addressing.
@notrelevant2679
25 күн бұрын
Trying to frame this as clean energy is absolutely heart wrenching and devastating. I know we need the minerals for our ‘green cars’ but its getting out of hand. As pretty much all the Scandinavian countries know our waters are NOT thriving with fewer and fewer fish being present. Yes some new species are coming back but only because the waters are getting hotter and the species are protected. Lets try and look into how the richest people, biggest corporations, politicians, ect ect. Live their life and maybe try and reduce their carbon footprint. Im not saying its the solution because its definitely not, but the many yachts, private planes and other extravagant luxuries they have and use everyday wont compare to anything the normal people emit each year.. Start from the top and work it down. Starting from the bottom classes sure wont solve the problems in the long run…
@anderslunde861
22 күн бұрын
Stop this madness!!!!
@alystero8838
21 күн бұрын
No
@kisoaa
13 күн бұрын
USA is watching if and how they could bring some freedom and democracy to Norway. It all depends of the development of these research! 🦅
@arihantjainhant
26 күн бұрын
cutting the branch with an axe... ever heard about this story?
@keittomaster
Ай бұрын
No(r)way!
@MrTimetravler
Ай бұрын
leave them alone all the material need is in SPACE MINING!!🪐
@TheJensss
26 күн бұрын
A lot of negative people basing their assumptions on what? When noone has done anything similar and we don't know the consequences. Why should Norway destroy the ocean when their main export after oil and gass is fish?
@justinjoseph129
Ай бұрын
What was that thing that the Indian chief told Carl Jung about Europeans.
@edmund6392
Ай бұрын
what could possibly go wrong...
@djp1234
Ай бұрын
I'm sure China is already destroying the ocean to get these rocks.
@wardmclaughlin2123
Ай бұрын
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!
@megzworld1
Ай бұрын
Hit 200k today. I'm really grateful for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in June 2022
@sick586
Ай бұрын
Wow that's huge, how do you make that much monthly?
@carlagraucatala
Ай бұрын
I've been investing in Bitcoin by myself I'm not really happy with what's going on, just few weeks ago I lost about $7,000 in a particular trade can you help me out or at least advise me on what to do?
@megzworld1
Ай бұрын
I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance
@megzworld1
Ай бұрын
She's my family personal Broker and also a Broker to many families here in the United states, she is a licensed Broker.
@acoxambramos
Ай бұрын
😱Sounds familiar, I have heard her names on several occasions.. And both her success stories on wall street journey!
@afterglow5285
Ай бұрын
So this is basically subnautica.
@snailedlt
20 күн бұрын
"irreparable damage" meaning mass extinction of specious we've never even seen
@crashwangdoodle
Ай бұрын
Horrible decision by Norway
@educacionespecialchannel3756
Ай бұрын
In what way?:)
@joepopplewell680
Ай бұрын
@@educacionespecialchannel3756 It's been found that the nodule's act like natural batteries that electrolyze the water, creating oxygen (and hydrogen), which is vital for the deep sea ecosystem.
@TheAuraEngineer
Ай бұрын
@@educacionespecialchannel3756 damage to an ecosystem we don’t understand very well (example: recently discovered dark oxygen, and we don’t know how much it may contribute)
@bennyklabarpan7002
Ай бұрын
@@TheAuraEngineer ecosystems are a renewable resource
@fredericoamigo
Ай бұрын
As a Norwegian, I absolutely agree. To jeopardize the marine ecosystem in that way is just wrong. Hopefully, it is a lot of resistance to it, and it is making its way more and more in to the political debate.
@xIVL7x
29 күн бұрын
Just like the people from Avatar wanting “valuable resources” I know it’s just a movie but I’m just trying to point out the idea🤣
@oliverstianhugaas7493
19 күн бұрын
*Out of sight! Out of mind!* :D
@prashanthb6521
20 күн бұрын
The entire planet is at the mercy of the money hungry businessmen.
@4Realkevv
27 күн бұрын
Leave the ocean alone smh
@BibhatsuKuiri
Ай бұрын
Great we are now destroying oceans also😊
@chisimdibreakthrough1901
Ай бұрын
Wwhy must everything be a competition or challenge to the US? I'm so sick of this US attitude, thinking the world owes it anything. What a bunch of paranoid people.
@chickenfishhybrid44
Ай бұрын
It's a US based news organization and channel. How does this at all imply that anyone owes the US anything? Cope and seethe.
@georget.5048
Ай бұрын
@@chickenfishhybrid44 They didn't say the video itself implied the US was owed everything, just that it embodied that attitude. But yeah, who would expect the WSJ to be internationally focused lol. They had a genuine comment at least and you hit em with the "cope and seethe" bro be nice
@atleundrum4799
Ай бұрын
Hi WSJ @wsj please also provide Metric Units when you publish an international story like this.
@kevink1227
Ай бұрын
Only bots here wow... With the knowledge today i guess it comes out to destroy one ecosystem to get a chance so save others. The need for these resources are real and i feel its a dilemma...
@Samdex92
25 күн бұрын
Norway is in need of some good old American freedom 😅
@ghozting_it8054
26 күн бұрын
Anytime they say clean power I laugh!
@Alex-pu5uf
27 күн бұрын
the next day of discovery of rare earth minerals, america going to serve democracy in Norway
@NemeanLion-
Ай бұрын
Those Nordic countries really have their act together. From government to quality of life, we could learn a lot.
@JingJao
Ай бұрын
i think there is too much socialism. for a 10 million population of white people, it works. but in the US with violent black criminals and illegal aliens combined with jihadists - that model would fail immediately. US is a capitalist country. you work hard and build things. that is how your quality of life improves. your social safety net is your FAMILY.
@ji8044
Ай бұрын
Norway is the largest oil revenue country in the world outside of the Middle East on a per capita basis. Without oil, they would go back to being a tiny fishing country.
@NemeanLion-
Ай бұрын
@@ji8044 Irrelevant. Cash flow alone doesn’t determine quality of life.
@javasiege
Ай бұрын
@@ji8044They also have used oil money responsibly, you can see the pitfalls of an oil based economy in venezuela.
@erlendkaarb2038
Ай бұрын
The idea that Norway was a poor country before the oil discovery is a myth.
@WHEREVER-I-ROAM
Ай бұрын
And when thats gone then what 😮😮😮
@user-rw7dn9ht9h
Ай бұрын
How to claim?
@RichardKing-sx6xc
Ай бұрын
*mine, baby, mine!!!*
@RichardKing-sx6xc
Ай бұрын
*CHYYYNA!!! CHYYYNA!!! CHYYYNA!!!*
@peaceful4977
26 күн бұрын
Greedy human's destroying world.😢
@KushPatel
29 күн бұрын
How are wind turbines dependent on these resources?
@willythemailboy2
26 күн бұрын
The metals are used to build the generators and such.
@alystero8838
21 күн бұрын
@@willythemailboy2 blades too
@willythemailboy2
21 күн бұрын
@@alystero8838 Those are mostly balsa wood, fiberglass, and epoxy to keep them as light as practical.
@ljns2182
Ай бұрын
Let's be honest capital over everything, even this new found frontier deep sea mining will have environmental effect but we will deal with those 50 years later just like plastic industry did 60 years ago or tobacco industry. Who are we lying too about environment and sustainability
@bmurray330
29 күн бұрын
Great… now humans will destroy the sea floor like they did the surface.
@atenas80525
26 күн бұрын
Electrification is NOT greener
@sophiaisabelle01
Ай бұрын
We appreciate how well you've articulated your insights. Keep doing your best.
@concernednewfie
Ай бұрын
ok bot
@alystero8838
21 күн бұрын
They will if you flash your oranges for them.
@klobasa007007
28 күн бұрын
92 billions is like peanuts for Norway...just leave this deposit alone and keep precious marine life alive.
@auro1986
Ай бұрын
this will affect supply or oxygen and water then sea creatures will come out to surface
@peaceful4977
26 күн бұрын
Atlantis will rise again.
@erikolsen6269
16 күн бұрын
#defendthedeep
@Salman..777
15 күн бұрын
Why is us watching closely 😅😅 Because, they are greatest thief of the century 😂😂
@pauldannelachica2388
Ай бұрын
❤❤❤❤❤❤
@michaelallen2358
Ай бұрын
Very bad idea😮💀💀
@ldopa1457
Ай бұрын
Don’t do it bro
@ros4833
Ай бұрын
And destroy the marine life ecosystem since there are no rules . money is everything
@MrLegendra
Ай бұрын
There’s a lot of other places where the aquatic animals can move to.
@ashho313
27 күн бұрын
Nah lets goo
@Alhejandro.
28 күн бұрын
😢😢😢
@jeffcrampton4771
Ай бұрын
Way to xuck xhit up great job
@davidpak271
16 күн бұрын
Awful
@TheDavidlloydjones
Ай бұрын
The word you're looking for may be "dominated." dom-in-nate-ted. Similarly, "located" low-cay-ted. "Water" waw-ter. All you have to do is put your tongue up against the back of your upper teeth: you don't have to sound like a spazz.
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