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Earth's Copper Supply Inadequate For Development?

ScentCone writes "Pennies, pipes, untold miles of CAT5 - they tie up a lot of copper. Unlike abundant iron and aluminum, copper is relatively scarce. But it's vital to electricity generation/transmission, plumbing, and other uses central to a modern standard of living. Scientific American is providing a quick overview of the situation. They report the conclusion that there simply isn't enough available. Canada, Mexico and the US average 170kg of copper use per person, and the most generous estimates suggest that only 1.6 billion unused metric tons exist. More reclamation and use of fiber, wireless, and PVC helps - but won't be enough to cover the billions of people who don't yet live in highly wired/mechanized societies."

838 comments

  1. Indentured Childhood by eldavojohn · · Score: 5, Interesting

    When I was a kid, my dad made me spend hour after hour knocking the cores out of laminated transformers with a 15 lb. sledge so that the copper wire was free.

    I also had to sit and cut the plastic off of foot after foot of copper wire with a utility knife and leather gloves so we could recycle the copper wire for cash.

    At last, I can now put these valuable skills on my résumé! I just hope my career in technology doesn't come around full circle ...

    --
    My work here is dung.
    1. Re:Indentured Childhood by johnny+cashed · · Score: 2, Insightful

      Thank you. I'm glad you didn't just burn off the insulation like some people do. Recycling is a good thing, and I'm sure the energy spent by you doing this was a pain in the ass, but copper is a valuable element in its own right. I've heard of too many people burning insulation off of copper to reclaim it.

    2. Re:Indentured Childhood by Neoprofin · · Score: 3, Interesting

      The company I work for accomplishes much the same thing by taking the copper cores from TVs and Monitors as well as cables and selling them to local scrap yards. Damn shame they wont take the 50lb+ transfomers we regularly get in as anything but iron scrap.

      Recycling of our old copper products is really the way to look here. Not only does it lessen the drain of our limited copper supply, which is good for everyone, but it lessens the impact on the environment of copper strip mining which releases unthinkable amounts of tainted water into the oceans around South America and New Zealand every year. Not only that, but it can be offered at a lower price because high purity copper is much easier to extract from bundles of wires made from high purity copper than from piles of ore from the ground.

    3. Re:Indentured Childhood by nytes · · Score: 3, Funny

      You had gloves??? Some kids get all the luxuries.

      I just had to learn to strip wire without cutting myself.

      --
      -- I have monkeys in my pants.
    4. Re:Indentured Childhood by The+Fun+Guy · · Score: 1

      Michigan State University.
      Toledo, Ohio.
      Karate.
      Leslie St.

      Just a guess....

      --
      The man who does not read good books has no advantage over the man who cannot read them. - Mark Twain
    5. Re:Indentured Childhood by LordSnooty · · Score: 2, Insightful

      Hopefully copper wire counts as "Eletrical Equipment", then in the EU it might be illegal to dump it under the WEEE directive, and companies will have to recycle.

    6. Re:Indentured Childhood by Lost+Penguin · · Score: 5, Funny

      strip the wire?
      we had to chew the insulation off, in the snow . . .

      --
      I am the unwilling control for my Origin.
    7. Re:Indentured Childhood by Anonymous Coward · · Score: 2, Funny

      up hill, from both ends!

    8. Re:Indentured Childhood by vitalyb · · Score: 1

      What! That's nothing! When I was a kid I was spending seventeen hours EVERY DAY, grinding copper out of old AA batteries. Then my dad would beat my bloody and send to sleep in a box. In a middle of a pool.

    9. Re:Indentured Childhood by Anonymous Coward · · Score: 4, Funny

      chew the insulation off?
      I had to eat the wire, go work in the field, and collect the deinsulated wire from the outhouse.

    10. Re:Indentured Childhood by mokiejovis · · Score: 2, Funny

      Bloody luxury...

      When I were a lad we used to get up 3 hours before we went to bed. We worked a 27 hour day and had to pay the refuse collector for working in his copper dump. We lived in a hole in the middle of the road and all we had to eat was a handful of copper wire. Every night our Dad used to come home and beat us until we were dead, then he'd dance on our graves.

      But tell bloody kids that these days, and they don't believe you...

    11. Re:Indentured Childhood by smellsofbikes · · Score: 1

      I *still* do that. I just rewired my house, ripping out all the old 2-conductor wire and replacing it with 3, and all the old stuff is getting stripped and coiled for use in making chainmail and as filler for tig-welding copper sheet together to make armor. Mostly I've been building small clamp mechanisms that have an adjustable razor blade just barely penetrating into a small hole, so I can pull the wire through the clamp, mounted in a vise, to rapidly strip long sections of wire. It's a real drag, but I get great wire out of it (as opposed to burning the insulation off.)

      --
      Nostalgia's not what it used to be.
    12. Re:Indentured Childhood by Anonymous Coward · · Score: 0

      Eeeh, i love monty python, they have a lot to answer for ya know!

    13. Re:Indentured Childhood by I_Want_This_ID · · Score: 1

      as the child of an electrician, I can relate. getting paid $.05 / pound when your 10 adds up really quick with copper.

    14. Re:Indentured Childhood by trentblase · · Score: 1

      Sometimes I get up 3 hours before I go to bed.... it's called Sunday.

    15. Re:Indentured Childhood by digital+photo · · Score: 1

      Hmm... wouldn't it have been easier to just toss the wire into a kiln/oven and melted the plastic/wax off of it? Better yet, make use of your friendly neighborhood supply of acetone to dissolve the plastic.

      About the article, the answer may just be to create new allows which provides the same features and characterstics as copper using more commonly available materials...

      That or learn the fine art of alchemy and transmutation of one metal into another...

    16. Re:Indentured Childhood by jabuzz · · Score: 1

      Having previously studied the regulations as part of bring our I.T. disposal practice at work in line with the WEEE regulations I don't think copper wire does count as electrical equipment.

      That said what I do want is some way of specifying that I *don't* want a new IEC mains lead with every new item. I have a huge pile of perfectly good ones that just seem to get added to.

    17. Re:Indentured Childhood by xsspd2004 · · Score: 1

      Me too, suck it up. The hard work your dad made you do probably got you a helluva job.

      --
      This is not an illusion, a rip-off, or a ninja technique!
    18. Re:Indentured Childhood by dotgain · · Score: 1

      While it was still live!

    19. Re:Indentured Childhood by Bing+Tsher+E · · Score: 1

      I used to get whole spools of new-old-stock teflon-insulated wire at a surplus place for $1 a pount. It was even silver-plated copper wire (teflon wire has to be silver-tinned because the teflon extrudes at a higher temperature than regular tin-plating will withstand). Scrappers hate the teflon wire because they can't burn/melt the insulation off. And if you DO bring teflon to a heat level where it 'breaks down' it becomes super-nasty toxic stuff.

    20. Re:Indentured Childhood by Bing+Tsher+E · · Score: 1

      When Sears delivered our lawn tractor, the delivery truck broke off the power feed to the house. It was an old feed so it was three separate heavy guage copper wires. The power utility came in and installed a modern feed using aluminum wire. I talked them into letting me keep the wire, which is quite heavy guage copper. I suspect many crews recycle it for beer money. I know my friend who builds cubicles in office towers does that with the copper they remove.

    21. Re:Indentured Childhood by geekoid · · Score: 0, Flamebait

      ther Idea of recycling is a good thing.

      As it turns out, it isn't any real good at all, and is abused to get motre money out of the tax payer.

      It's tremendously expensive, costict, and a burden on the people.

      What we need is good waste managment.

      Really, I hole a couple of miles along each dimension would last us over a thousand years.
      Just don't put it where you will be building communities.

      And yes, hole technolgy is quite feasable.

      --
      The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
    22. Re:Indentured Childhood by LouisZepher · · Score: 1

      Then our father would come home and cut us in two with a knife...

    23. Re:Indentured Childhood by Anonymous Coward · · Score: 0

      Ohh, you had it easy! We had to keep the insulation intact so we had to blow to the other end of the wire! And with only one working lung!

      Kids these days...

  2. Pennies are not copper anymore by Anarke_Incarnate · · Score: 4, Informative

    They are Zinc, at least that is the predominant ingredient in their composition

    1. Re:Pennies are not copper anymore by dada21 · · Score: 5, Interesting

      One of my insider mining newsletters that I subscribe to just mentioned how zinc might end up being the most rare material in the coming years. One guy said that pennies made before 1971 are worth more than 1c in copper, and that the newer pennies might soon be worth much more than 1c due to their high zinc content.

      Time to horde pennies maybe.

    2. Re:Pennies are not copper anymore by xkenny13 · · Score: 5, Informative

      One guy said that pennies made before 1971 are worth more than 1c in copper, and that the newer pennies might soon be worth much more than 1c due to their high zinc content.

      Oddly enough, the composition of pennies did not change between 1962 and 1982. There should be no difference between a 1971 penny and a 1981 penny, in terms of copper content.

      The US Mint made 7 different variations of the penny in 1982 (counting the various different mint marks), after which they made pennies exclusively out of copper plated zinc.

      More info is posted here and here.

    3. Re:Pennies are not copper anymore by Chapter80 · · Score: 1
      One guy said that pennies made before 1971 are worth more than 1c in copper, and that the newer pennies might soon be worth much more than 1c due to their high zinc content.

      Is it possible for a one cent piece to be worth more than one cent?

      Just being philosophical here, but shouldn't that be "a penny will be worth more than 1/100th of a dollar" ?

      ... Sorry, I had to throw in my two cents worth.

    4. Re:Pennies are not copper anymore by PulledPorkNacho · · Score: 1

      Elements of yesterdays and todays pennies: http://www.carolina.com/chemistry/experiments/penn yskins.asp Actually, this experiment sounds pretty cool. In searching to find the make up of a penny, I came across another article on the cost to produce pennies in the US and the imminent doom (kidding) of the lack of copper may be a reason to revisit: http://www.straightdope.com/classics/a981009a.html

      --
      "I wasn't talking to you, I was talking to the universe. It hates me, you know"
    5. Re:Pennies are not copper anymore by bohemian72 · · Score: 1

      Of course what he meant was that the materials used to make said penny would be worth more than the face value of the coin. If this is true or is even close to being true that another good reason to be rid of them. I've also heard that it costs more than a penny to produce a penny. Yet another anecdote I don't have validation for.

      --
      The greatest thing you'll ever learn is just to love and be loved in return.
    6. Re:Pennies are not copper anymore by Foerstner · · Score: 2, Interesting

      Is it possible for a one cent piece to be worth more than one cent?

      No, I think that's right. A penny (the coin) may be worth more than its face value (1 cent, US$ 0.01.) This is already true of older pennies among coin collectors. You can pull, say, a "wheat" penny out of ordinary circulation and get several cents for it, if it's in good condition.

      --
      The US free market: two halves of a government-granted duopoly are free to set the market price.
    7. Re:Pennies are not copper anymore by AKAImBatman · · Score: 1

      Is it possible for a one cent piece to be worth more than one cent?

      A penny is a penny is a penny. Unless you melt it. Then how much is it worth?

    8. Re:Pennies are not copper anymore by jcorno · · Score: 1

      They are Zinc, at least that is the predominant ingredient in their composition

      But we make so many of them, it's still a significant waste of copper (close to 1000 tons a year). And as far as I know, they don't get recycled. We just keep making more because so many get thrown away every year. Nickels are even worse, though. We don't mint quite as many, but they have a lot more copper (75%).

    9. Re:Pennies are not copper anymore by Anonymous Coward · · Score: 1, Interesting

      Being a curious mind and a teacher, a decade ago I remember cutting a penny in half, seeing the zinc inside, and calling the Bank of Canada to inquire. When I asked what the metal inside was, and since when they started using it, the woman on the phone said very firmly, something along the lines of "Are you aware sir that it is illegal to destroy Canadian currency, it is a federal crime and could result in jail time." She refused to answer my question.

    10. Re:Pennies are not copper anymore by Ichijo · · Score: 3, Interesting
      I've also heard that it costs more than a penny to produce a penny. Yet another anecdote I don't have validation for.
      Here's validation:
      “Various sources quote costs of 0.81 cents (81/100th of a cent) or 0.93 cents (93/100th of a cent) to make a penny. The U.S. Mint is paid a penny to make one, and what's left over represents a profit for the Government whenever pennies are taken out of circulation when the public loses or saves them (seigniorage).
      “However, this doesn't tell the whole story. With the added cost to the Federal Reserve System of handling pennies, the General Accounting Office calculated that in 1994, there was a net cost of $8.5 million to $9.2 million to the government to produce pennies.”
      --
      Any sufficiently unpopular but cohesive argument is indistinguishable from trolling.
    11. Re:Pennies are not copper anymore by Anonymous Coward · · Score: 0

      about $.014 minus fuel costs

      Working from memory, pre-1982 pennies are 3.11 grams of 97% copper (3 gm.)
      That means that it takes about 151 pennies to get a pound of copper.
      Today's trading price of copper is $2.14 per pound .
      The gross margin to melt your change is $.63/lb.

      Nickels may be next to fall, 3.25g Cu and 1.25g Ni.

    12. Re:Pennies are not copper anymore by Cat_Byte · · Score: 1

      A penny is a penny is a penny. Unless you melt it. Then how much is it worth?

      About -$1.49 after you deduct the fuel cost to melt it ;)

      --
      Two roads diverged in a wood, and I - I took the one the bus load of girls just went down.
    13. Re:Pennies are not copper anymore by Darmox · · Score: 3, Informative

      They already are.

      Ashtray outperforming 401k: http://www.321gold.com/editorials/nevalainen/neval ainen011006.html

      Copper is at $2.1373 / lb today, meaning:

      100 pre-1982 pennies (95% copper, 3.11 grams of copper, ignore the zinc as it is a small amount) are worth $1.39

      (1982 is when they switched to the 95% zinc we have today.)

      now if only I had a machine to sort out the pre and post-'82 pennies...

      --
      If I was that drunk, I would have remembered it -- H. Simpson
    14. Re:Pennies are not copper anymore by homer_ca · · Score: 1

      There's three different values here.

      1. Value of penny as legal tender.
      2. Value of penny as rare collectible.
      3. Value of penny as commodity value of its metal.

    15. Re:Pennies are not copper anymore by Dr_Barnowl · · Score: 0

      Since you just committed a felony, I'd imagine it's worth a jail sentence or at least a fine.....

      Title 18 United States Code, Section 331

      Whoever fraudulently alters, defaces, mutilates, impairs, diminishes,
      falsifies, scales, or lightens any of the coins coined at the mints of
      the United States, or any foreign coins which are by law made current
      or are in actual use or circulation as money within the United States;
      or

      Whoever fraudulently possesses, passes, utters, publishes, or sells,
      or attempts to pass, utter, publish, or sell, or brings into the
      United States, any such coin, knowing the same to be altered, defaced,
      mutilated, impaired, diminished, falsified, scaled, or lightened -

      Shall be fined under this title or imprisoned not more than five
      years, or both

      ---------

      Since you're melting it with a view to selling the valuable metal content at more than it's face value, I'd say this qualifies under the second clause, as you are selling altered US coinage.

    16. Re:Pennies are not copper anymore by OwnedByTwoCats · · Score: 1

      Note the word "fraudulently". If take a gold coin, shave some of the gold off of it (for resale), and pass the coin on at face value, I have committed fraud.

      If I melt a pre-1981 penny, and describe the blob of copper as a melted penny (with its weight), then I have not committed fraud.

    17. Re:Pennies are not copper anymore by SnapShot · · Score: 1

      Doesn't anyone remember (maybe they still exist) the machines that would take a penny and smoosh it out so that it had a design on it.

      I remember OMSI (Oregon Museum of Science and Industry) had one that would smoosh a picture of the Apollo lander onto a penny.

      There's a real reason for Ashcroft (and now Torture Boy) to go after the great state of Oregon. ;-)

      --
      Waltz, nymph, for quick jigs vex Bud.
    18. Re:Pennies are not copper anymore by jbash · · Score: 1
      Oddly enough, the composition of pennies did not change between 1962 and 1982. There should be no difference between a 1971 penny and a 1981 penny, in terms of copper content.

      The parent poster actually meant to say 1981. Pennies from that year actually have $0.016 worth of copper in them.

    19. Re:Pennies are not copper anymore by AKAImBatman · · Score: 1

      It took me a moment to decode what you were saying. So that other people don't have to, allow me to restate.

      He's saying that the copper in a penny is worth 1.4 cents. i.e. A 40% gross profit for each coin. You still have to pay for the cost of heating the metal, however, so your margins would be signficantly reduced.

    20. Re:Pennies are not copper anymore by Kadin2048 · · Score: 2, Interesting

      They still exist. The last place I saw them was in several rest stations on the Maine and Massachusetts Turnpikes. You'd put in a penny (and several quarters) and turn a big wheel and it would squish out the penny into any one of several designs. The Maine ones have lobsters, the Massachusetts ones have Ted Kennedy. (Okay probably not.)

      You used to occasionally see them in McDonalds, but that was a while (>10 years) ago.

      When I was a kid we used to put pennies on the railroad tracks and wait for a freight train to go by; depending on the type of locomotive you could get ones that were squished out as much as a few inches long.

      --
      "Ladies and gentlemen, my killbot features Lotus Notes and a machine gun. It is the finest available."
    21. Re:Pennies are not copper anymore by Kadin2048 · · Score: 1

      now if only I had a machine to sort out the pre and post-'82 pennies...

      I bet that if you had a big vibratory tumbler, you could probably sort them by density. Over time, the more dense ones would tend to sink to the bottom and the less dense ones to the top. You'd just need to get a tumbler that was capable of working with a full load of pennies -- most of them that you'll find are made for cleaning brass pistol cartridges, and filled with a mix of chopped walnut shells, not copper.

      --
      "Ladies and gentlemen, my killbot features Lotus Notes and a machine gun. It is the finest available."
    22. Re:Pennies are not copper anymore by Randall311 · · Score: 1

      Last I checked the Canadian pennies are still all pure copper. I say melt it down and sell it back to them for the ultimate friendly neighbour burn. It would make for a good story at the UN meetings.

    23. Re:Pennies are not copper anymore by solarium_rider · · Score: 1

      Pennies are chump change anyways. Time to melt down the Statue of Liberty! No one would miss it, would they?

      --
      -- How many sigs are as useless as this one?
    24. Re:Pennies are not copper anymore by Anonymous Coward · · Score: 0
      If you are looking for copper, try nickles.
      If you are looking for nickle, try pennies.

      Seriously though, pennies have very little copper. Most all other U.S. coins are mostly copper and the rest is nickle.

    25. Re:Pennies are not copper anymore by rjmars97 · · Score: 1

      A penny is a zinc coin with a thin copper coating. If you cut a small notch in the penny to expose a little zinc, and place the penny in hydrochloric acid (HCl), the acid will eat away all of the zinc but leave the thin copper coating intact.

      --
      Heuristically programmed ALgorithmic computer
    26. Re:Pennies are not copper anymore by cplusplus · · Score: 1

      While we're on the topic of pennies- I have a whole bunch of steel pennies my dad gave to me that were stamped out during WWII. I guess the government decided that the copper should be used for bullets instead of pennies. Here's a link with some more info: http://www.usmintquarters.com/steelcents.htm

      --
      "False hope is why we'll never run out of natural resources!" - Lewis Black
    27. Re:Pennies are not copper anymore by operagost · · Score: 1
      Funny how they have souvenir penny-flattening machines in PA rest stops, then. Right under their noses!

      The key word is "fraudulent," which indicates that the coin is altered and then passed off as an unaltered coin.

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    28. Re:Pennies are not copper anymore by Anonymous Coward · · Score: 0

      This also works through heating, as the melting point of zinc is lower than that of copper.

      You can do other fun things with the pre-1982 copper pennies. Put some zinc in a beaker of sulfuric acid and heat it. Add a penny for awhile and it will become "silver" due to the zinc coating.

      Then, you can heat that up and quench it into water. That makes a nice alloy called bronze, giving you a "gold" penny.

    29. Re:Pennies are not copper anymore by Guppy06 · · Score: 1

      "Time to horde pennies maybe."

      Maybe if you're a numismatist. If you intend to do anything else with those coins, destroying them is a federal offense.

    30. Re:Pennies are not copper anymore by Dutchmaan · · Score: 1, Redundant

      At the current rate, copper sells at around $2.14/pound.

      One penny weighs in at around 0.0034 lbs. putting the copper value of 100 pennies at roughly 73

      Copper would break even with currecy value at around $2.94/pound

    31. Re:Pennies are not copper anymore by chrisbtoo · · Score: 1

      Quite right too - You can't just cut her Maj's head up like that. I belive (no doubt someone will correct me) that it may actually be classed as treason in the UK.

      That's also why those machines that make stamped widgets out of 1c pieces (dunno what they're called, but there's one in the Calgary Tower) tell you to deposit a US 1c piece and not a Canadian one.

      --
      Registering accounts later than some other chrisb since 1997
    32. Re:Pennies are not copper anymore by Darmox · · Score: 1

      I had thought about various mechanical ways to sort them. Another thought that occured is the resistivity -- the copper of course being much more conductive, although that would probably vary based on the gunk and such on them.

      Hmmm... if the price went high enough to make writing off the new pennies economical, perhaps an acid bath would be the way to do it... of course, that would take a very high price...

      Another note, in a not-so-random sample a few weeks ago (my pocket and desk drawer), pre-'82s were about 30% of my pennies.

      --
      If I was that drunk, I would have remembered it -- H. Simpson
    33. Re:Pennies are not copper anymore by elhaf · · Score: 1

      Correct (mainly). I've started separating my pre-1982 pennies from the other ones I get. Not coincidentally, 1982 was the last time copper prices were this high. I see this as akin to when Quarters and Dimes ceased being made from silver and switched to more base metals (in 1965). Many people collected those and they are largely out of circulation now. In fact they are sold by gold dealers as junk silver for about 5 times the face value.
      For the (geeky) record, pre-1982 pennies weighed 3.1 grams, but were 95% copper. Thus 2.95 grams of copper per penny, or about 153 per pound. So at today's copper price of $2.13/pound, each penny has 1.38 cents worth of copper in it. So, any time copper is above $1.53 per pound, you come out ahead separating pennies.
      p.s., don't expect pennies to stop production any time soon; the current zinc prices are still at 93 cents; 2.15 is the break even for them because zinc is lighter. At the current price, there is still a handsome profit to be made from pennies, and no, the mint doesn't mind you keeping that giant jar of $100 worth of pennies out of circulation.

      --
      Six score characters.
      Brevity being wit's soul
      I have enough space.
    34. Re:Pennies are not copper anymore by NotoriousDAN · · Score: 1

      Canadian pennies are copper-plated steel.

    35. Re:Pennies are not copper anymore by l4m3z0r · · Score: 1

      easiest way to tell them apart is weight, older pennies way consistently(but slightly) more, less than a gram difference but measurable. Could easily build a machine that sorts them based on weight.

    36. Re:Pennies are not copper anymore by DigiShaman · · Score: 1

      See, that's where you went wrong. You need to learn to bullshit better.

      Ahem....for example.

      "Hello BoC rep? Yes, I have a question regarding our currency. You see, I was working on a hydraulic press in the factory. While I was working on making some adjustments, a few pennies fell out of my shirt pocket. One of them happened to get cut in half from the piston. Upon inspection, I noticed the penny has some other form of metal inside! Can you please tell me what this metal is?"

      --
      Life is not for the lazy.
    37. Re:Pennies are not copper anymore by Randall311 · · Score: 2, Interesting

      So then I guess they learned that the copper in the pennies was worth more then the actual penny too. I remember cutting Canadian pennies open in the late 1990's and they were still solid copper.

    38. Re:Pennies are not copper anymore by mOdQuArK! · · Score: 1

      Well, the copper that it's made out of is probably worth more than its symbolism at this point in time.

    39. Re:Pennies are not copper anymore by nameer · · Score: 1

      This MIGHT work as a quick sorting machine. Set up a bowl that drops the pennies out the bottom to roll onto a ramp. The ramp has a "ski jump" at the end. Right before the ski jump, put a nice sized magnet. The eddy currents in the copper coin will be greater than the currents in the zinc coin, slowing it down more prior to the jump. The zinc coin should jump farther than the copper coin. If the difference is enough (with statistical spread), you could set up two baskets to catch the sorted coins. If it works, it would be a very rapid way to sort the coins with kit you probably have lying around.

      --
      "Uh... yeah, Brain, but where are we going to find rubber pants our size?" --Pinky
    40. Re:Pennies are not copper anymore by Anonymous Coward · · Score: 0

      Problem: you are a male, she is a woman, she hates you because (in her eyes) you are inferior. You should have got another superior to males woman to ask her.

    41. Re:Pennies are not copper anymore by Easy2RememberNick · · Score: 1

      "One of my insider mining newsletters that I subscribe to "

      You need to get out more.

    42. Re:Pennies are not copper anymore by Dahan · · Score: 1
      Maybe if you're a numismatist. If you intend to do anything else with those coins, destroying them is a federal offense.

      Not in the US... some other countries, such as Canada, prohibit destruction of the national currency, but the closest thing the US has to a law like that is USC 18 331, but that only applies to fraudulently altering, defacing, etc... a coin. As the US Mint's FAQ mentions, "As a matter of policy, the Mint does not promote coloring, plating or altering U.S. coinage: however, there are no sanctions against such activity absent fraudulent intent."

      Lots of tourist places have these "penny presses", where you put a penny and a quarter into the press, turn the crank, and it flattens out the penny and presses a design into it (generally related to the tourist site you're at), and of course, keeps the quarter.

    43. Re:Pennies are not copper anymore by name773 · · Score: 1

      the copper coins weigh more, so barring slippage would travel farther due to higher potential energy before being dropped onto the ramp and higher kinetic energy after (i and m would be greater). also, the zinc pennies are coated with copper, not sure how that effects eddy currents.

      i just took a physics exam, can you tell?

    44. Re:Pennies are not copper anymore by bobsledbob · · Score: 1


      But can I actually sell my pre-1982 pennies for more than a cent? If I take them to a copper dealer, I probably end up making less than the copper is worth, due to dealer markup, refinement costs and the fact it's not 100% copper.

      My guess, you're still probably better to count pre-1982 pennies as 1 cent, like a bank would. Your value is greater than trying to sell for the copper.

      --
      Beware of geeks bearing formulas.
    45. Re:Pennies are not copper anymore by StikyPad · · Score: 1

      However, this doesn't tell the whole story. With the added cost to the Federal Reserve System of handling pennies, the General Accounting Office calculated that in 1994, there was a net cost of $8.5 million to $9.2 million to the government to produce pennies.

      However that doesn't tell the whole story either.. how many pennies were produced? $2M worth? $10M worth? $1?

    46. Re:Pennies are not copper anymore by Venner · · Score: 1

      Zinc Melting Point: 419.53C/787.15F (Liquid density 6.57 g/cm)
      Copper Melting Point: 1084.62C/1984.3F (Solid density 8.96 g/cm)

      Heat a melting pot of pennies up to 1984.3F. Then bring the temperature down below that. Pour the liquid zinc off the top :-)

      (If there is something wrong with that plan - other than it being illegal to destroy US currency - then I apologize. I don't pretend to be a metallurgist.)

      --
      A preposition is a terrible thing to end a sentence with.
    47. Re:Pennies are not copper anymore by StikyPad · · Score: 1

      Actually, copper pennies weigh more than that; roughly 3.06 grams on average.

      $2.1373/lb = $0.00471193993/gram
      $0.00471193993/gram x 3.06 grams/penny = $0.0144185362/penny
      So 100 pennies is $1.44 in copper
      But 71-82 pennies are 5% zinc, so more like $1.37

      I didn't take into account the density of zinc and copper since I'm not sure if the 5% zinc content is by mass or by volume. Also, you're calculating extremely small values, so we shouldn't round up the price of copper (although the difference in mass turned out to be much more significant in this case).

      It may seem anal, and having worked in the field of calibrated measurement for several years I can say that it's absolutely mind-numbing, but such measurements are the foundations of our economy.

    48. Re:Pennies are not copper anymore by StikyPad · · Score: 1

      Right, but he wanted to sort them first so he wasn't melting down post '82 pennies which have a face value greater than that of their metal content. While melting would be a necessary step, using it for sorting would be throwing the baby out with the bath water.

    49. Re:Pennies are not copper anymore by ceoyoyo · · Score: 1

      I don't know if they're still around or not. You had ones that would put a design on the penny? Wow... ours just smooshed it completely flat and smooth... well, usually with a slight curve in it. You just ran out, put your penny on the track and then waited around until one of the machines came around. I think they called them trains. Come to think of it, I believe I saw one the other day.

    50. Re:Pennies are not copper anymore by Anonymous Coward · · Score: 0

      Come back zinc!

      /simpsons

    51. Re:Pennies are not copper anymore by Anonymous Coward · · Score: 0

      There was someone in the local news here that collected over 1 million pennies...

    52. Re:Pennies are not copper anymore by alexq · · Score: 1
      actually, it was 1982 (or 1983?) that they switched over from copper to zinc pennies (for the reason that the pennies were suddenly worth more than $.01 in copper).

      and here's a tip on how to figure out if a given penny is copper or not. if it "dings", it's copper. if it doesn't "ding", it's zinc. an easy way to test this is to drop it, or if you can, spin it in the air (a coin flip). a copper penny will ring while it's spinning, a zinc one will not.

    53. Re:Pennies are not copper anymore by Venner · · Score: 1

      Ah, ok. I thought the price of zinc was closer to 1:1, but it is actually at about $0.90/lb...

      --
      A preposition is a terrible thing to end a sentence with.
    54. Re:Pennies are not copper anymore by nameer · · Score: 1
      Did you pass?

      Yes, the copper coin would have more potential energy, but jump distance is going to be determined solely by the initial velocity of the jump, not the energy of the object. If we assume that friction is negligible and the pennies are sliding not rolling (just for starters), then the initial velocity as the penny leaves the ramp will be the same for both materials. Do the math, it's the infamous mass-doesn't-affect-final-velocity-in-a-constant-p otential-field thing. From an energy balance perspective:

      T = mgh, K = mvv/2 => mgh=mvv/2 => gh=vv/2, mass drops out.

      Now, becuase the pennies are rolling, not sliding, we have to also consider the rotational moment (I), so if anything, the copper penny might be going slower at the bottom of the ramp since it has more of it's potential energy tied up in it's rotation. However, I suspect that the difference would be negligible.

      --
      "Uh... yeah, Brain, but where are we going to find rubber pants our size?" --Pinky
    55. Re:Pennies are not copper anymore by name773 · · Score: 1

      oh idk if i passed, i don't know it all that well. thanks for the explanation though

  3. REAL Scarcity would mean HUGE price increases by dada21 · · Score: 5, Informative

    When I was in the supply installation side of IT consulting, the company that I co-owned ran network cables (and phone cord and work with electrical contractors that laid electrical wire). Copper price could KILL us if we bid a project and then the price of copper went up. In fact, on the largest projects we actually took advantage of futures-style market provisions to pre-buy our copper at a set price (even if it fell, we still paid a certain price).

    To say that copper is scarce is not really accurate -- the price of copper has gone up but not in the way you'd expect if a needed item was about to run out. I blog (and publish a print newsletter) about gold -- I do about 90% of my research trying to find the manipulators in the gold market. One of the "worst" manipulators is the mining industry itself, but I believe hiding trade facts is very important for a free market. If copper was truly disappearing, you'd see the market react by the price hyperinflating, not just steadily growing. Mining companies spend 10-15 years just opening a mine. If they knew they were running out, they wouldn't sell it so cheaply.

    I believe the steady growth in the price of copper is more of an effect of fiat currency inflation causing all consumer goods and salaries to go up (basically devaluing everyone's labor even if they feel they're earning more). When copper goes up 1000% in a week, there will be a problem. 1% fluctuations is nothing.

    Just as I don't believe we're anywhere near to running out of oil in the next 1000 years, I don't believe we'll be running out of copper. I study 5-10 mining reports a day and all I see is more and more oil, gold, carbon and copper being found. As we innovate and are able to drill deeper and deeper, we're finding that MOST of what geophysicists warned us about 10 years ago isn't true -- we keep finding more to consumer, not less. I think we will be able to say the same thing 10 years from now and 100 years from now -- we're amazed and what we're finding as we dig deeper.

    All these "fear the scarcity" news reports on vital materials are bunk -- you'll know when there is a shortage when the price skyrockets (supply and demand is very hard to manipulate in the long run). And when the price skyrockets, it will give innovators reason to find new ways to recycle more efficiently, dig deeper or find other ways to provide the same service with a different product.

    The day that copper is gone for good is the day that we take clay out of the ground and find a way to offer room temperature superconductivity. Serendipity doesn't end, and higher copper prices give innovators more reason to find new solutions to yesterday's problems. One of the reasons I formulated my anarcho-capitalist belief system is based on finding that supply and demand really does set prices in the long haul, even if government and industry tries to manipulate prices in the short run.

    1. Re:REAL Scarcity would mean HUGE price increases by ecryder · · Score: 3, Insightful

      Agreed. In the electrical construction market, we have seen very minor price fluctuations since 2002 (less that 5% per year on average - also on par with inflation). The US government has re-opened copper mining facilities in the american west to boost supply. I am not convinced there is a scarcity at all. Scarcity would surely trigger major price fluctuations.

    2. Re:REAL Scarcity would mean HUGE price increases by dada21 · · Score: 1

      Check oil prices per gallon versus the following graph:

      http://research.stlouisfed.org/fred2/series/WM3NS/ 28

      As the Fed inflates the currency (legal counterfeiting) prices rise. Gas has also had sideways manipulations in additional boutique fuels without licensing additional refineries, and some additional tax burdens inside and outside of this country. War also puts an added supply pressure on the oil we're currently pulling out of the earth, but I see no end to the new discoveries of wells I read about every week. Dig deeper, you'll find more. Leave dry wells alone, they'll regenerate.

    3. Re:REAL Scarcity would mean HUGE price increases by penguin-collective · · Score: 3, Insightful

      He isn't saying that copper is scarce right now. He is saying that it will be scarce when the developing world starts progressing enough to require large quantities of it.

    4. Re:REAL Scarcity would mean HUGE price increases by OmniChamp · · Score: 1

      If that's true, then we have nothing to worry about for the time being. Personally I think we (consumer/industry) should start taking more responsibility for all our purchases, especially being in a first world country. Yeah it's fun to upgrade our machines every month, but really we're adding to the piles and piles of computer junk that ends up in landfills. You want a solution to the copper? How about reusing it from old computers and computer accessories? The chinese do it under horrible conditions and contaminate village waters, but what about implementing an efficient factory-style process for recycling and re-introducing metals back into the manufacturing stream? Sure it could be a herculean effort, but come on, we're a first world country and I think it's about time to use our innovative minds in other areas. Oh and BTW, I'm not some idealistic hippie, I'm just a fan of reusing old machines. Hell, I still have a P90 running linux in the basement as my router.

    5. Re:REAL Scarcity would mean HUGE price increases by Jaysyn · · Score: 0, Flamebait

      "One of the reasons I formulated my anarcho-capitalist belief system...."

      You do realize Heinlein has you beat by 50 years or more, right?

      Jaysyn

      --
      There is a war going on for your mind.
    6. Re:REAL Scarcity would mean HUGE price increases by dada21 · · Score: 1

      Actually, I was speaking with a foreign investor who told me that some investors have been inquiring about buying old garbage dump sites. Would it be funny if the next property bubble came out of people buying garbage dumps so they could look for scarce materials we've thrown out for generations?

      Right now, it is cheaper to throw stuff out rather than keep it. Even recycling is costlier, which means it isn't really doing anything. Once we see scarcities in the market, we'll be thinking twice about dumping items that would have value to reuse.

    7. Re:REAL Scarcity would mean HUGE price increases by bombadillo · · Score: 3, Interesting

      Just as I don't believe we're anywhere near to running out of oil in the next 1000 years

      "I study 5-10 mining reports a day and all I see is more and more oil"


      I agree with you on Copper. However, I think you may be off on Oil. I have read that it's been 2 years since any new major Oil fields have been discovered. For the past 50 years we have found at least 1 new Oil field a year. The cost of Oil has also gone from $30 a barrel to $66 a barrel. I have also read that the north sea Oils production peaked 3 years ago and is on it's decline. We will never completely run out of Oil. however, we will run out of enough Oil in the next 75-100 years to make life interesting if there are no alternatives.

    8. Re:REAL Scarcity would mean HUGE price increases by Robocoastie · · Score: 1

      Your comments about copper might be spot on but this part: "Just as I don't believe we're anywhere near to running out of oil in the next 1000 years," Doesn't jive. Report after report has come out over the last few years stating that the drillers aren't finding any new usable oil. Your theory about the prices skyrocketing if there truely is a shortage doesn't work with titanic products like oil because its markets are watched by governments and intervened by them. Of course things like oil also have to be looked at from a much wider perspective. When I was in high school in the late 80s fuel was less than $1 a gallon. Today it's over 100% that amount. So how big does that percentage have to be for you to realize there's a problem hmm? 1000%?

    9. Re:REAL Scarcity would mean HUGE price increases by dada21 · · Score: 0

      No new oil fields have been discovered, I agree. Yet I've read between the lines and investigated some of the companies buying out "dry" fields and finding more that have magically refilled a certain amount. I also have been researching some companies with deeper drilling innovations that have found more oil as well. Right now, US$66 per barrel has many price manipulations in the price (including the M3 money supply explosion in the past 10 years finally catching up). I think oil is still cheap at this current price and as prices go up, innovation to find cheaper ways to drill and refine it will come to the market.

      I'm not worried about it -- if there truly was an industry-affecting shortage, oil wouldn't be US$66, it would be US$1000.

    10. Re:REAL Scarcity would mean HUGE price increases by dada21 · · Score: 1, Interesting

      http://research.stlouisfed.org/fred2/series/WM3NS/ 28

      Late 80s M3 figure: 3000
      Current M3 figure: 10,000

      Price in that time: tripled.

      Interesting, eh?

      Also, we're not looking into the 90 other ways to create oil other than drilling. There are enough sources of oil, as far as my research goes. Unfortunately this is a hard debate for me, I pay over US$1000 a year for certain newsletters and I can't openly share some of the information. The market backs me up by keeping the price of oil consistent with the supply of money.

    11. Re:REAL Scarcity would mean HUGE price increases by tinkerghost · · Score: 1

      One of the reasons I formulated my anarcho-capitalist belief system is based on finding that supply and demand really does set prices in the long haul, even if government and industry tries to manipulate prices in the short run.

      If you want proof of that - National Geographic was doing a series on ancient Rome... In relationship to the price of a loaf of bread, the average cost of sexual favors from prostitutes hasn't changed between the 1st century BC and modern times.

      More worthless information to surprise people with later.

    12. Re:REAL Scarcity would mean HUGE price increases by Robocoastie · · Score: 0, Flamebait

      >>Dig deeper, you'll find more. Leave dry wells alone, they'll regenerate. You're forgetting the TYPE of oil. The oil that is being found isn't usable for fuel but more for lubrication. As for this part "Leave dry wells alone, they'll regenerate." - WTF did you get that idea? - your Bible? You do realize oil is a byproduct of dead materials from days gone by don't you? Which means when its used up its gone.

    13. Re:REAL Scarcity would mean HUGE price increases by Karma+Farmer · · Score: 1

      I believe hiding trade facts is very important for a free market.

      Your ideas intrigue me, and I wish to subscribe to your news-letters.

    14. Re:REAL Scarcity would mean HUGE price increases by Tumbleweed · · Score: 1

      However, I think you may be off on Oil. I have read that it's been 2 years since any new major Oil fields have been discovered.

      I think if you do more research, you'll find the price of oil has little to do with the amount of oil available to be drilled, and everything to do with how much OPEC is _willing_ to make available. OPEC likes the effects of Katrina - now they can keep the price of oil higher than pre-Katrina, but less than immediately after, and we all think that's a good deal.

      re: major oil discoveries

      And there you'd just be plain wrong. The problem is, though, it takes a very long time for discoveries to turn into producing oil fields. Also, since oil price is now kept artificially very high, previously-unprofitable sources such as oil sands and oil shale are now economical, and are starting to be brought online. See also: Alberta, Canada, and parts of the Rocky Mountain U.S., each of which is estimated to have as much oil as, or more than, Saudia Arabia. Alberta is going like gangbusters lately (and destroying their environment; no way is Canada going to meet Kyoto with all that going on). The U.S. oil shale industry is undoubtedly going to get going in the next few years, what with $50+/bbl oil prices now the standard.

    15. Re:REAL Scarcity would mean HUGE price increases by dada21 · · Score: 1

      You do realize oil is a byproduct of dead materials from days gone by don't you? Which means when its used up its gone.

      And yet there are numerous scientists who are starting to think that it may not be dead dinosaurs and dead trees. We're not familiar with the process as we haven't been able to duplicate it in the lab -- so its theory. Could there are bacteria deeper in the earth that creates oil as a byproduct? Who really knows. The fact that oil is cheaper and consistently priced against the money supply leads me to believe that oil is not getting any more scarce.

      The oil that is "regenerating" may be pushed up from deeper wells under higher pressure. The oil that is being found that can be used for lubricants helps us conserve the oil that we're using for energy and not turning into lubricants.

      It is a complex market, and I'm happy to let supply and demand set the proper price of items. I really wish oil wasn't subsidized so the market could do its best based on the unregulated price of goods.

    16. Re:REAL Scarcity would mean HUGE price increases by hey · · Score: 1

      Why can't something that gets removed from the Earth and never replaced run out?!
      Why is that such a crazy idea?!

      I say: Of course it'll run out.

    17. Re:REAL Scarcity would mean HUGE price increases by Anonymous Coward · · Score: 0

      I don't mean to rain on your parade but you're burning up an aweful lot of coal/oil each year by using a P90 as a router instead of a standalone device.

    18. Re:REAL Scarcity would mean HUGE price increases by dada21 · · Score: 1

      I can't find the link from my PDA but do a search for Thomas Gold and abiogenic theory. There is much more oil according to T. Gold than the current biogenic scientists would ever have believed.

    19. Re:REAL Scarcity would mean HUGE price increases by Red+Flayer · · Score: 1

      "All these "fear the scarcity" news reports on vital materials are bunk -- you'll know when there is a shortage when the price skyrockets"

      Agreed. Except, of course, when that shortage happens, you're up the creek without a paddle.

      Anticipating future business conditions is important for long-term planning, and failure to do so is a big mistake.

      "If they knew they were running out, they wouldn't sell it so cheaply."

      That's not correct, unless 'they' can control the entire copper market. 'They' are competing with eachother, and it's the current market (along with gov't subsidies, restrictions, etc) that determine price. Also, the opportunity cost of waiting to sell (until copper really is scarce) might be greater than the increase in revenue.

      "I study 5-10 mining reports a day and all I see is more and more oil, gold, carbon and copper being found."

      Doesn't matter, if consumption grows faster than the supply.

      I agree with you, though, in the sense that the market will find alternatives that are cheaper, when copper gets to be too expensive. Such as wireless.

      --
      "Trolls they were, but filled with the evil will of their master: a fell race..." -- J.R.R. Tolkien on Olog-hai
    20. Re:REAL Scarcity would mean HUGE price increases by durbinshroom · · Score: 1

      Yes, but the wheat in the bread is subsidized by the government making bread's price lower than it should be, and the price of prostitution is artifically high because of its illegailty. Therefore the ratio is completely off what it should be in a truely free market driven by supply and demand.

    21. Re:REAL Scarcity would mean HUGE price increases by dasare1503 · · Score: 1

      There is no big deal here. The scarcity of copper is nothing to worry about because it will take care of itself. When the price of copper hits a certain limit (which would indicate its rarity), people will find it economically feasible to use other materials instead of copper, thereby sidestepping the whole copper scarcity problem. It's the exact same situation with the petroleum in the tar sands in Canada. It was very expensive to get the oil out when it was at $30 a barrel, but now that it is hitting almost $70 a barrel people consider tar sands economically feasible (I think the price at which they become profitable is around $45-55).

      Sure we have a lot of copper laid out, but when the time comes for someone to do the plumbing of their new home and copper is really expensive, they will choose PVC or other materials that are cheaper than copper at the new price.

      No big deal, and certainly not useful to go worrying about this instead of other important things.

    22. Re:REAL Scarcity would mean HUGE price increases by Jeff+DeMaagd · · Score: 1

      Yet I've read between the lines and investigated some of the companies buying out "dry" fields and finding more that have magically refilled a certain amount.

      I would imagine that is probably because not all the cavities in a field were truly empty, not that more was made.

    23. Re:REAL Scarcity would mean HUGE price increases by Scareduck · · Score: 2, Interesting

      And yet there are numerous scientists who are starting to think that it may not be dead dinosaurs and dead trees. And these people are essentially cranks, though some of them, like the late Thomas Gold of Cornell, have university positions. Not one person actually engaged in the business of finding oil believes any of this to be true, as a recent dustup at Rigzone showed. The abiotic oil people have yet to make their case in commercial terms. The gold standard of scientific questions, "What is your proof?", remains unanswered. We're not familiar with the process as we haven't been able to duplicate it in the lab -- so its theory. Tell that to these folks, who have been converting turkey guts into petroleum.

      --

      Dog is my co-pilot.

    24. Re:REAL Scarcity would mean HUGE price increases by Tlosk · · Score: 4, Insightful

      "You do realize Heinlein has you beat by 50 years or more, right?"

      If you worry about filtering your knowledge against all that has come before you and all that is going on right now, you will be paralyzed into inaction. There's just way too many people out there all working with essentially the same wetware for much unique thought to pop into existance. Outside of academia where novel thought is the currency of the profession, it's simply more practical to charge ahead with your own thoughts and claim them for what they are, yours. I'm perfectly willing to take it on faith that when someone says they thought something up on their own that they are bring truthful.

      Anyone who has done any serious reading will know that eerie feeling of encountering someone else who has developed a similar line of thought as one of your own, especially when it comes from a source hundreds or even thousands of years old.

      So what's my point? Not that you shouldn't point out the reference to Heinlein, just try not to be so condescending about it. As if it's somehow the person's fault they don't already know about someone else who has developed a similar or parallel idea. There's lots of ways of making a friendly connection to older material. If anything it's a bit of a compliment I think to mirror thought that has become recognized as important enough that people 50 years later still associate it with a particular person in history.

    25. Re:REAL Scarcity would mean HUGE price increases by bombadillo · · Score: 1

      Your probably correct. They are probably using the technique of drilling in from the side and pumping in water. The only problem is you then have to go through extra refining steps for the oil.

    26. Re:REAL Scarcity would mean HUGE price increases by Anonymous Coward · · Score: 0

      Incidentally, aluminum is the one recycled material that can turn a profit, as recycled aluminum doesn't change properties, unlike many other metals or paper. Most other metals require adding in virgin metal in order to maintain malleability and strength, and well, you've used recycled paper products before, no?

    27. Re:REAL Scarcity would mean HUGE price increases by forgetmenot · · Score: 1

      Exactly. Or we go back to older methods. My grandfather's house has aluminum wiring. It's not considered safe anymore, but if copper supplies become an issue someone will find a way to make it safer. It is abundant after all.

    28. Re:REAL Scarcity would mean HUGE price increases by bombadillo · · Score: 1

      I agree that they are working off the affects of Katrina. However, the lack of new major Oil fields is a fact. Like I said we aren't going to run out of Oil soon. However, we are definitely in a decline.

      Oil sands are also very expensive to refine Oil from. The best way to get the oil is to inject steam into the ground. The problem is it takes alot of energy to inject that steam. Thus you are loosing a much greater amount of energy then traditional sources. They are realizing now that those sources aren't as profitable as they once thought.

    29. Re:REAL Scarcity would mean HUGE price increases by Anonymous Coward · · Score: 0

      I believe hiding trade facts is very important for a free market. ... If they knew they were running out, they wouldn't sell it so cheaply.

      Or... they're hoarding copper while hiding the true nature of the crisis, so that when someone else pops the news, they've got a nice big hoard of indeterminate size that they can sell off slowly at hyperinflated prices. "There's only one pound of copper left, get it now for $1M!" "I'll take it!" "Here you go sir... There's only one pound of copper left, get it now for $1M!"

      One cannot call a market with information hidden "free", it just doesn't work. Prices won't be set on supply and demand, they'll be set on whatever supply and demand are perceived to be. Unlike a mexican flea market where you can start to walk away and get a 50% discount, most sellers are good at perceiving demand and aren't so easily fooled, especially when they know the prices of all of the other sellers.

    30. Re:REAL Scarcity would mean HUGE price increases by Animats · · Score: 2, Interesting
      Just as I don't believe we're anywhere near to running out of oil in the next 1000 years...

      Er, no. Nobody in oil geology thinks that. The most optimistic projections are that peak oil is about 25 year away. The pessimistic projection is that the peak was reached last year. The consensus is that the peak is somewhere between now and 2015.

      Classical economists tend to mis-analyze oil. The price is related to cost of extraction, which is low. Until demand exceeds supply. But throwing more money at search and extraction doesn't yield much more supply. Oil discovery rates peaked in the 1960s. Economists tend to assume that if demand exceeds supply, new sources will emerge. But the geology doesn't work that way. Four specific geological conditions have to be present for an oil field, and almost all the areas on the planet that meet those conditions have been explored. About 90% of the world's oil lies in 30 known major petroleum systems.

      Right now, we're just about at the point where demand will exceed capacity. Demand is still climbing, mostly due to China's industrialization. All the OPEC countries except Saudi Arabia are producing flat-out. (Kuwait, incidentally, peaked a few months ago. The US peaked in 1970.) There's general suspicion that the world's biggest oil field, Gawar in Saudi Arabia, is at peak production.

      The decisive moment will be when the Gawar field peaks. That will probably be the peak of worldwide oil production. Some people think Gawar has already peaked.

    31. Re:REAL Scarcity would mean HUGE price increases by FecesFlingingRhesus · · Score: 1

      We're finding that MOST of what geophysicists warned us about 10 years ago isn't true -- we keep finding more to consumer, not less.

      I don't remember them saying that we would run out, I remember Hubbert saying that the demand would outweigh the rate of new discovery and that it would create a scenario where we have not run out, but that we cannot get it out of the ground and refine it as fast as it is being used. We are seeing this happen now with slight occurrences disrupting the supply chain. He forecasted the peak of American capacity in the 70's and it looks as his forecast for global supply is following the model he outlined. He formulations never said that the actually resource would run out. People just use that slippery sloop argument from either side to support their claims. For further reading look here .

    32. Re:REAL Scarcity would mean HUGE price increases by Cat_Byte · · Score: 1

      Incidentally, aluminum is the one recycled material that can turn a profit

      I remember picking cans up off the side of the highways when I was a kid and making a pretty good amount of $$ (for a kid anyway) selling it to recycling plants. These days you don't see many of those recycling stations around and the city wants you to pay $5 extra per month to sort thru your own trash and put it in recycling bins for pickup at the curb. I would have done it if they just supplied the bins for free.

      --
      Two roads diverged in a wood, and I - I took the one the bus load of girls just went down.
    33. Re:REAL Scarcity would mean HUGE price increases by Anonymous Coward · · Score: 0

      Thats an interesting take on things, one which I hope is correct. But, to blatantly state that there is enough of this/that for a 1000 years, or if metal scarcity were real you'd see 1000% price inflation, I have to wonder just what kool-aid you drink.

      To go on the notion that surplus' will be found, that shortages will not occur, is naive and dangerously so. I'd like to point this out to you in person when one of these events actually occur's, but I fear you may be dead due to some thief killing you for the copper in your house walls. You see my point??

      Your naivety, and those who subscribe to it, regarding topics like these (ones which DIRECTLY effect civilized society like the US, UK/Europe, Eastern Asia ...) is what will eventually cause these civilized societies to submit to the fate of Constantinople, and Rome when such an event takes place.

      I would be careful of what you submit to as doctrine, according to your research you do everyday. Uncertainty exists whether you see it in those texts or not, and it is something NO ONE can control.

      Supply = Power
      Demand = Slaves
      Money = God*

      When these are negated around the Earth, the human race might have a chance to make it to the year 3000.

    34. Re:REAL Scarcity would mean HUGE price increases by Tumbleweed · · Score: 3, Informative

      I've actually read about two major finds in the last 2 weeks.

      re: oil sands costs

      They're profitable when regular oil is around $30/bbl - we're over $60 right now, and it's projected we'll stay at $50 or more for the foreseeable future. Oil sands are profitable _now_; just ask Alberta.

    35. Re:REAL Scarcity would mean HUGE price increases by FecesFlingingRhesus · · Score: 1

      Most people take Saudi Arabia's response to the request of increased production after Katrina to be indicative of this fact. They flat out said they could not make up for the offset created by the damage to the gulf rigs. That pretty much was an admission of full capacity.

    36. Re:REAL Scarcity would mean HUGE price increases by toad3k · · Score: 1

      The way it was explained to me by a professor is that every 20? years, worldwide consumption of oil doubles. Exponential growth of demand means that there would have to be pretty much an infinite amount of oil to fulfill it.

      Furthermore, there is also the fact that to get oil out of the ground you have to use some of it as energy to retrieve it. At some point you end up spending more energy extracting the oil from the ground/rock/ocean than you get from the actual oil. Even if there were a huge amount of untapped oil somewhere deep down, how could it possibly be profitable to obtain it?

      Don't get me wrong, I think there are plenty of alternatives, and our way of life will continue one way or the other, but I don't see any way in which oil could possibly last more than another 50 years as a mainstream source of energy.

    37. Re:REAL Scarcity would mean HUGE price increases by Cat_Byte · · Score: 1

      WTF did you get that idea? - your Bible?

      Where did you get the idea that was in the bible? It's not.... Please stop flaming the Christians when there was obviously no call for it.

      --
      Two roads diverged in a wood, and I - I took the one the bus load of girls just went down.
    38. Re:REAL Scarcity would mean HUGE price increases by ObjetDart · · Score: 1
      Just as I don't believe we're anywhere near to running out of oil in the next 1000 years

      Whoops! Too bad you said that. I was ready to believe your whole post, but this little gem now causes me to instead file your observations under "crackpot."

      --
      I read Usenet for the articles.
    39. Re:REAL Scarcity would mean HUGE price increases by jbash · · Score: 1
      I believe the steady growth in the price of copper is more of an effect of fiat currency inflation causing all consumer goods and salaries to go up (basically devaluing everyone's labor even if they feel they're earning more).

      A lot of economists think it's actually the other way around -- i.e., that much of today's inflation is caused by rising commodity prices.

    40. Re:REAL Scarcity would mean HUGE price increases by the+chao+goes+mu · · Score: 1

      I think the history of oil use is too short for such sweeping generalizations. There have not been enough 20 year periods to determine that.
      Eg. from 0-15 I slept with 3 women, from 16-30 I slept with 30, so, by extension, from 31-45 I should sleep with 300 (much to my wife's chagrin).
      If our data set is too small, extrapolations tend to produce equally absurd results.

      --
      Boys from the City. Not yet caught by the Whirlwind of Progress. Feed soda pop to the thirsty pigs.
    41. Re:REAL Scarcity would mean HUGE price increases by dada21 · · Score: 1

      I believe we'll stick with oil until it is too expensive to keep our standard of living increasing (as oil as provided). At this point, increasing oil costs will give innovators more reason to find other ways to convert unusable into usable energy. Solar, wind, fusion, who knows what will come. All I know is that mankind is extremely innovate, and we want to see better lives for our next generation.

      In 100 years we might all be living in glass domed cities with perfect air, perfect water and the best living we've ever faced -- who really knows? Better yet, who cares, we just need to work hard now to reap the benefits of working hard -- added wealth for the community around us.

      That is why I love capitalism without force.

    42. Re:REAL Scarcity would mean HUGE price increases by Profane+MuthaFucka · · Score: 1

      That's exactly what has happened. The price of oil has gone up enough so that old fields which were previously too expensive to extract oil from are now profitable. This isn't a new find, and it doesn't magically add oil to a field that wasn't already accounted for.

      --
      Fascism trolls keeping me up every night. When I starts a preachin', he HITS ME WITH HIS REICH!
    43. Re:REAL Scarcity would mean HUGE price increases by Lehk228 · · Score: 1

      not just oil sand, a few months ago there was news from shell Oil that they had worked out a technique to effectively extract from oil shale, which holds an assload of oil but previously was far too expensive to extract.

      --
      Snowden and Manning are heroes.
    44. Re:REAL Scarcity would mean HUGE price increases by marcosdumay · · Score: 1

      1% fluctuation is what you get when trying to forsee scarcity. When the prices start to increase 100 times in a week, that means that you are late for the game and lost money, because everyone but you alread knows that the reserves are almost finished. If the material is vital, when the price start to skyrocket, you are dommed. There is not enough time to fix things, you should have made some long term planning before...

      And about your discovery that the market always regulate itself at the long term, try explanning it to Microsoft.

    45. Re:REAL Scarcity would mean HUGE price increases by Lehk228 · · Score: 1

      that is assuming that oil is actually created by fossil decomposition. if the inorganic oil theories are right then it comes up out of the earth. if you look at the various forms of volcnic gas it is plausable

      --
      Snowden and Manning are heroes.
    46. Re:REAL Scarcity would mean HUGE price increases by HermanAB · · Score: 1

      Hmm, you are about the only other sane person here...

      The trouble is that spreading 'The world is going to end tomorrow' FUD is so much more exciting to the masses and is the stuff that very rich churches are built on.

      --
      Oh well, what the hell...
    47. Re:REAL Scarcity would mean HUGE price increases by Anonymous Coward · · Score: 0

      1. prostitution isn't illegal (maybe in some places but not here)
      2. bread was also subsidices in anciant rome

    48. Re:REAL Scarcity would mean HUGE price increases by FecesFlingingRhesus · · Score: 1

      I pay over US$1000 a year for certain newsletters and I can't openly share some of the information. You should do infomercials.

    49. Re:REAL Scarcity would mean HUGE price increases by Anonymous Coward · · Score: 0

      Or they merely did not want to increase production due to wanting to keep prices artificially high.

    50. Re:REAL Scarcity would mean HUGE price increases by Tumbleweed · · Score: 1

      We'll see about the oil shale. Oil sands productions are already up and going and scaling up in Alberta. I don't know of any large production facilities yet going after oil shale, but I'm sure it'll happen.

    51. Re:REAL Scarcity would mean HUGE price increases by Skjellifetti · · Score: 1

      Why can't something that gets removed from the Earth and never replaced run out?!

      Because as a non-renewable resource becomes scarcer, the price rises. This reduces demand and allows the remaining supplies to last longer.

      In general, the price of a non-renewable resource must rise at the rate of interest each year. This is because an owner of a source of a non-renewable resource must make a decision: sell today or hold out until tomorrow? If they sell some amount today, they can take the cash and invest it at the rate of interest. But if they hold out until tomorrow, they will have forgone that interest unless the price of the resource has risen in the meantime. So in an economy where there are many suppliers, sales will be just enough for the resource price to rise at a rate equal to the rate of interest. Of course I have ignored the cost of exploration and extraction and many other factors, but that is the basic economic model that underlies non-renewable natural resource use rates and prices over time.

      Tony Fisher's textbook is an accessible introduction to the economics of both renewable and non-renewable natural resources.

    52. Re:REAL Scarcity would mean HUGE price increases by Afrosheen · · Score: 1

      Actually there are companies that do this already. http://www.intechra.com/recycling/recycling_main.h tm/ is one and I'm sure there are dozens more throughout the US.

    53. Re:REAL Scarcity would mean HUGE price increases by dada21 · · Score: 1

      Actually, I never said we'd still be using oil in 1000 years.

      Looking back at my post, though, it does have a little flame-bait sound to it, so I apologize for that. My intention was to get the following point across:

      "We won't run out of oil in 1000 years because we'll have replaced oil completely before the price gets out of control."

      I believe that we'll always have oil -- it will just not be a useful energy producing product with what innovation and the free market will bring us in even then next 50 years. I can't imagine what we'll be using in 20 years -- it won't be oil unless we continue to subsidize the manufacture of products that use oil.

    54. Re:REAL Scarcity would mean HUGE price increases by killjoe · · Score: 2, Interesting

      Price of materials measures the rate of extraction, not the availability of the total supply. Think of it this way.

      If god told GW to cut all the trees tomorrow the price of wood would drop to zero but that doesn't mean the supply of trees is increasing worldwide.

      Economists don't measure the sustainibility or the global supply, they only measure the rate of extraction and processing. Yet another reason why economics is a junk science.

      --
      evil is as evil does
    55. Re:REAL Scarcity would mean HUGE price increases by Anonymous Coward · · Score: 1, Funny

      Dude, you are so full of it. What a slacker. I was thinking exactly the same thing you were, but a FULL 5 MINUTES before you.

      You suck. (heh)

    56. Re:REAL Scarcity would mean HUGE price increases by cnelzie · · Score: 1

      Of course, "magically filling up again" is what you get when you look at things from an economic perspective, instead of through a scientific perspective.

          There have been numbers of scientific reports and warnings that Saudi oil fields are nearing, if not already at, their peak.(Even though the Saudi government would never, ever admit such a thing.)

          It wouldn't surprise me to find out that the actual reason Iran is looking to diversify their power into Nuclear is because their oil fields have or are reaching peak and they want to get off of oil dependence in order to still reap the rewards of selling their oil abroad.

          Many of the analysts looking at the situation keeping saying its crazy that an oil rich country like Iran would want to generate electrical power via Nuclear. I have a feeling that those same analysts aren't looking at the bigger picture.

          Granted, the Iranians could be just looking for Nuclear bombs, in order to light up Israel or to hold onto as a defensive measure, but I believe that changing over to Nuclear power is a big reason they are looking at Nuclear energy.

      --
      If you ignore the other uses of a tool, does that make the tool less useful, or you less useful?
    57. Re:REAL Scarcity would mean HUGE price increases by mobiux · · Score: 1

      Couldn't they have meant they don't have the infrastructure to get more, rather than ever being able to get more?

    58. Re:REAL Scarcity would mean HUGE price increases by SparafucileMan · · Score: 1

      You should do more research, whereupon you would read that OPEC is pumping at full capacity. Also, the spike in gas prices during Katrina was due to refineries closing, not oil production slowing, so this rise in oil and gas prices you are seeing as of now is mostly due to very fundamental factors: the oil spiggot is on full while the Fed has been nurturing inflation since 2000 = high oil costs in dollars. You'll notice prices haven't gone up so much if you price it in Yen, or Euros, or Gold coins.

    59. Re:REAL Scarcity would mean HUGE price increases by ab_iron · · Score: 1

      Speaking of commodities, I have to ask, where you motivated to post to promote your blog in hopes of reaping on the very desirable Google Adsense impressions?

      ab_iron

    60. Re:REAL Scarcity would mean HUGE price increases by Sparohok · · Score: 1

      You have both the timing and the facts wrong. Saudi Arabia has always (so far) been able to deliver as much heavy, sour crude as the market demands. What suprised the oil markets was that the Saudis failed to meet demand for light crude. This happened in mid-to-late 2004, not 2005, and was responsible for the sharp rise in the long term (2010) light crude futures at that time.

      In the wake of Katrina, we heard a lot of rhetoric from Saudi Arabia about the shortage of worldwide refining capacity (not producing capacity). This could equally be described as a shortage of light crude since the real challenge is upgrading all the heavy crude the Saudis want to send us.

      Martin

    61. Re:REAL Scarcity would mean HUGE price increases by duffstone · · Score: 2, Informative

      Just wanted to add my .02 since I work the O&G sector. One point most people miss isn't the "Quantity" of oil that remains but the "Quality" of oil. The last super giant field, the ghawar in Saudi, consists of a light/sweet crude that is easily (and cheaply) refined. Most of the oil shale / sands that remain in North America are heavy crudes that are unsuitable for light fuel refinement. I have more to say but can't think of a way to say it without inviting a lot of /. commentary I'd rather live without. -Duff

    62. Re:REAL Scarcity would mean HUGE price increases by dada21 · · Score: 1

      A lot of economists think it's actually the other way around -- i.e., that much of today's inflation is caused by rising commodity prices.

      Which is why I don't trust them.

      Read Rothbard's (FREE!) e-book: http://www.mises.org/money.asp

      Then you can see that economists holding to Keynesian beliefs are the cranks -- and they're the ones teaching in our colleges and running our governments. Yeeesh.

      Money is affected by supply and demand just like anything. If you print more money at low interest rates, the money runs into the economy raising prices.

      Think about it: If I gave you US$1000 today for no good reason, would you stuff it in your mattress? No, you'd buy something or you'd put it in the stock market. Now look at the US$25 billion we printed last week out of thin air: this money ran into housing markets, stock markets and retail markets -- raising the prices to meet the added supply of money.

    63. Re:REAL Scarcity would mean HUGE price increases by Anonymous Coward · · Score: 1, Insightful

      >>>But throwing more money at search and extraction doesn't yield much more supply.

      That maybe true, but every time a barrel of oil goes up in price the oil "reserves" for oil companies goes UP. Why? Because "reserves" is an accounting term not a reflection of how much oil is in the ground. It means how much oil I can get to while making a hell of a profit. Just look at the Canadian tar fields, they have been siting there for thousands of years and no one cared,,, until oil company economic models set the base price of oil for the next twenty years at $40 per barrel. Now they are spending billions of dollars so they can make billions of dollars at field that is thought to be greater than all of Saudi Arabia.

      see http://ffden-2.phys.uaf.edu/102spring2002_Web_proj ects/M.Sexton/

      Notice this line:
      The sum of these covers an area of nearly 77,000 km2. In fact, the reserve that is deemed to be technologically retrievable today is estimated at 280-300Gb (billion barrels). This is larger than the Saudi Arabia oil reserves, which are estimated at 240Gb. The total reserves for Alberta, including oil not recoverable using current technology, are estimated at 1,700- 2,500Gb.

      In other words, with better technology we have up to 10 Saudi Arabias sitting in tar.

    64. Re:REAL Scarcity would mean HUGE price increases by Tumbleweed · · Score: 1

      Interesting. If you could give me some links to more info, I'd appreciate it. I'm a reporter in the energy industry, though I don't concentrate on oil or gas, but I like to get all the info I can.

      thx

    65. Re:REAL Scarcity would mean HUGE price increases by Tumbleweed · · Score: 1

      I work in the industry. Trust me on this - OPEC 'pumping' at full capacity (which is suspect, at best) doesn't mean they're shipping all that they pump. OPEC has regular meetings where they decide on how much they're going to ship to get the prices they want. They've been quoted as saying they're very "comfortable" with the price of $50/bbl of oil. I'll bet they are!

      You seem to be under the impression that the supply/demand equation applies fully to the oil industry, which it does not. In economic theory, if the U.S. demand for oil went down, then more oil would be available on the world market, and oil prices would lower, right? Wrong. Oil demand in the U.S. goes down because Katrina damages processing and receiving equipment, oil price goes UP so that OPEC can make up the difference.

    66. Re:REAL Scarcity would mean HUGE price increases by FecesFlingingRhesus · · Score: 1

      You have both the timing and the facts wrong.

      Oh I do????

      After Hurricane Katrina, Saudi Arabia admitted that it simply could not increase production to make up for the loss of Gulf of Mexico oil rigs. It was widely speculated that a final oil crisis has or had begun, in which the amount of oil available world-wide will enter a gradual yet terminal decline.

      http://en.wikipedia.org/wiki/Peak_oil

    67. Re:REAL Scarcity would mean HUGE price increases by Sparohok · · Score: 1

      Er, no. Nobody in oil geology thinks that.

      You two are talking past each other. Peak oil means that production rates can no longer increase and we enter a shortage. It does not mean that we have run out of oil, or are anywhere near running out of oil. I would certainly expect that there will be significant proven oil reserves in 1000 years. It may be fantastically expensive to recover, it may be produced at very low rates, and we may not even be drilling for it because we have cheaper alternatives. Yet it will still be there.

      Martin

    68. Re:REAL Scarcity would mean HUGE price increases by 'nother+poster · · Score: 1

      I'm calling bullshit on this. Steel companies buy scrapp because it makes the new steel better than using just pig/cast iron from the ore. Copper is the same way. Copper plants want old copper to mix with new. There is a Cerro Copper plant not far from where I live, and they have a stockpile of old copper and brass that goes into the pits.

      Contrary to what you say, aluminum is not the magic recyclable. There are a lot of aluminum items that recyclers just won't take. Anything that is an alloy of aluminum and magnesium, I believe, has to be seperated and handled very differently for recycling. They found out why one day in the metalshop at the highschool I went to. The recyclers wouldn't take some of the aluminum scrap because it was the particular alloys. The shop teacher set up for some green sand casting, fired up the furnace, and tossed the refused scrap in. Rather than melting like cans, it BURNED. It was basically thermite. Ruined the crucibal by cracking it and the burner had to be replaced. That said, cans can be recycled at a profit, but cans are only a portion of the aluminum out there.

    69. Re:REAL Scarcity would mean HUGE price increases by rodentia · · Score: 1

      In relationship to the price of a loaf of bread, the average cost of sexual favors from prostitutes hasn't changed between the 1st century BC and modern times.

      No one lives for two thousand years. In reality, the price of bread has been extraodinarily volatile for much of Western history and hoarding of flour after bad harvests managed to kill millions. These *short-run* distortions of market magic could last years.

      Read Braudel

      --
      illegitimii non ingravare
    70. Re:REAL Scarcity would mean HUGE price increases by Khyber · · Score: 1

      Don't believe that we'll always have oil, KNOW that we'll always have oil. It's only listed as non-renewable because it's not renewable in our lifetime. As long as there is dead, rotting, decaying vegetation and other organic material under the ground being put under intense pressure and heat, we will always have oil.

      --
      Still waiting on Serviscope_minor to wake up to fucking reality and realize that Jessica Price isn't going to fuck him.
    71. Re:REAL Scarcity would mean HUGE price increases by Lehk228 · · Score: 1

      it's a new procedure they actually drill wells around the site and freeze a barrier around the oil to be extracted, then they heat inside the ice barrier to liquify the oil and pump it out.

      it's not as cost effective as regular drilling sbut once oil prices go up they will probably be more useful.

      --
      Snowden and Manning are heroes.
    72. Re:REAL Scarcity would mean HUGE price increases by dada21 · · Score: 1

      You seem to be under the impression that the supply/demand equation applies fully to the oil industry, which it does not.

      Actually, you made a common mistake when addressing supply/demand equations: you can't not attribute pricing within an industry necessarily to supply/demand issues within that industry.

      For example, I believe oil is priced at a supply/demand ratio -- but not just the supply of oil and the demand of oil. I believe part of the supply/deman issue has to do with the demand for ENERGY. Oil's price is based on the market's ability to use oil at US$60/bbl more profitably than other energy sources. If oil was in short supply and the price rose too quickly, others would investigate other energy sources -- the supply of energy available could increase, at which point the demand on oil would decrease, destroying the profit.

      Supply and demand issues are often times criticized because the reader doesn't understand the market is very flexible in giving consumers of a product a reasonable price while still giving manufacturers a reasonable profit. Both parties are profiting from the transaction, and the price is definitively set by supply and demand within and outside of the specific market you're looking at.

    73. Re:REAL Scarcity would mean HUGE price increases by Anonymous Coward · · Score: 0

      I think oil is still cheap at this current price and as prices go up, innovation to find cheaper ways to drill and refine it will come to the market.

      You may be right that 'innovation' will continue to allow new oil resources to be tapped, but it's worth keeping in mind a fact that was reported in an issue of Harper's from a few months back: namely that in the 1940s, one barrel of oil invested in oil production led to 100 barrels coming to market, whereas now the ratio has plummetted to one-to-ten. This is a striking trend that can only reasonably be expected to continue. What happens when the ratio gets to one-to-one?

    74. Re:REAL Scarcity would mean HUGE price increases by SparafucileMan · · Score: 1

      1. so what's the rate of shipping to pumping? where are they storing that oil? and are futures contracts being traded on that stored oil? cause i notice that the curve on oil futures slopes up right through 2012 right now, which implies that today's prices are hardly "artificial", whatever that means. 2. OPEC wouldn't be comfortable at $50/barrel if there wasn't so much cash floating around with nothing to do except depreciate. 3. and OPEC only produces what, 1/2 of the world's oil imports? what about russia, nigeria, venezuela, texas/north shore, canada, north shore? all manipulated?

    75. Re:REAL Scarcity would mean HUGE price increases by 'nother+poster · · Score: 1

      Unless the EPA has changed it's rules in the last 15 years this is still going to be a losing proposition. I looked at single point source recyclng way back then. The EPA considered your removing the valuable items from the closed landfill as producing toxic waste since there was all of that nasty stuff left from your industrial processes. The fact that the stuff was already there and you would actually be removing several toxic items didn't matter. I wonder if it would work if you pitched it as "remediation" rather than industry. Hmmm. I may need to look into this again. Maybe you can even get government grants to clean the sites up.

    76. Re:REAL Scarcity would mean HUGE price increases by dada21 · · Score: 1

      As I just mentioned in this post, supply and demand sets the price of a given product based on market functions beyond the industry you're looking at.

      Fisher's book you linked to seems to forget that the price of oil is heavily affected by supply and demand on usable energy sources. If OPEC or anyone in control of the oil supply raised the price too fast, you'd see more money spent looking for ways to use other energy sources.

      The price of oil is always fair until you involve excession government regulations, mandates, taxes and other requirements. I believe that government screws up supply and demand issues in the short term, but in the long term the free market rules win out.

    77. Re:REAL Scarcity would mean HUGE price increases by kahei · · Score: 4, Insightful


      Just as I don't believe we're anywhere near to running out of oil in the next 1000 years,


      That's a pretty unconventional view -- actually, a unique view -- in the minerals world.


      One of the reasons I formulated my anarcho-capitalist belief system


      Ahh :) I'm sure you derive great personal pleasure from your politics but if I were using your research, I would want it to be driven by a rational understanding that mineral resources are finite, not by your 'belief system'.

      --
      Whence? Hence. Whither? Thither.
    78. Re:REAL Scarcity would mean HUGE price increases by dada21 · · Score: 0

      Finite meaning we'll run out? Finite meaning our geophysicists still don't really have a clue what is happening more than a few miles beneath the surface? Finite meaning we don't even know anymore if oil is created from dead life? Finite meaning once its gone we'll have no other energy sources to tap?

      Sorry, but man is innovative, and in almost all of history we have only become better at doing everything the previous generation did. I have faith in man, and I have faith in profit -- this is what drives people to innovate and find solutions for even the poorest people (look at food production!).

      My research is driven by the knowledge that supply and demand set prices (which can only be manipulated in the short term by monopolies and government intervention). I strongly believe that the price of oil (and the price of many other items) is competitive, and would be MUCH cheaper if we removed government's interventions in the market.

    79. Re:REAL Scarcity would mean HUGE price increases by dada21 · · Score: 1

      I'm very open about my AdSense revenues (within Google's TOS of course) not covering more than a few pennies here and there. The main reason behind running AdSense is to find other ways to monetize my writings.

      My AdSense revenues don't go up with slashdot impressions -- geeks don't click links. In fact, slashdot totally destroys CTR :)

      All of my blogs are freely available -- one of them I used to charge US$150 a year for the same print newsletter. I don't know many people making US$15,000/year from a blog, I'm sure not :)

    80. Re:REAL Scarcity would mean HUGE price increases by Zigurd · · Score: 1

      When all quality housing was made of stone, it was easy to see that only a tiny minority of humanity would ever be well-housed, because quarrying and stone-cutting would never scale-up to be accessible to the masses.

      If you step outside your teepee and don't let yourself get locked into such fallacious static analyses, it is also easy to see that India, China, and Africa could support middle-class lifestyles for the masses if the artifacts of those lifestyles were made of different materials.

      In this particular case, the developing world will probably be able to figure out how to wire a house with aluminum without the houses catching fire.

    81. Re:REAL Scarcity would mean HUGE price increases by TheRaven64 · · Score: 1

      In France, 20(?)% of petrol must be from renewable sources (driving through France, you will see enormous fields full of oilseed rape to satisfy this requirement). Just because it's oil doesn't mean it comes out of the ground.

      --
      I am TheRaven on Soylent News
    82. Re:REAL Scarcity would mean HUGE price increases by Ralph+Spoilsport · · Score: 0, Flamebait
      i hate AC's and would like to see it abolished - I think everyone should post with their "names" - however:

      Notice this line: The sum of these covers an area of nearly 77,000 km2. In fact, the reserve that is deemed to be technologically retrievable today is estimated at 280-300Gb (billion barrels). This is larger than the Saudi Arabia oil reserves, which are estimated at 240Gb. The total reserves for Alberta, including oil not recoverable using current technology, are estimated at 1,700- 2,500Gb.

      At what cost to the environment? Pump that much carbon into the world, and we're fucked. Period.

      RS

      --
      Shoes for Industry. Shoes for the Dead.
    83. Re:REAL Scarcity would mean HUGE price increases by Reziac · · Score: 1

      Back in the late 1970s, a number of open-pit copper mines (including the largest one in the world, at Butte MT) closed due to skyrocketing costs and a flat market, despite being nowhere near mined out. While you're correct that Geology Says You Get NN Much And No More, one has to wonder whether these closed mines are figured into the "shortage" equation.

      Conspiracy theorists might also wonder if those making the prediction are buying copper futures :)

      --
      ~REZ~ #43301. Who'd fake being me anyway?
    84. Re:REAL Scarcity would mean HUGE price increases by Anonymous Coward · · Score: 0

      Nigeria and Venuzuela are OPEC members.

    85. Re:REAL Scarcity would mean HUGE price increases by jphr3ak · · Score: 1

      The solar system is awash in hydrocarbons, its one of the most common molecular structures in the universe; it's not about running out, it's about the easy of extraction, and processing, and the consequences of handling disruptions in supply as we transition from one source of hydrocarbons to another. Our species has survived 500000 years, I'm thinking we can cope.

    86. Re:REAL Scarcity would mean HUGE price increases by NereusRen · · Score: 2, Insightful

      Yes, and the parent poster is saying that current prices reflect future shortages, which is empirically true. If someone could sell copper for $20 a pound in 20 years when the developing requires large quantities of it and there is a shortage, why the hell would they sell it for $2 a pound now? Holding onto it would give them a huge risk-free return if this guy is so sure of a future shortage. The current price should be higher as soon as that information became known, because of the potential for profit.

      This can be observed when companies announce changes in their projected future earnings. Even if the earnings are only projected to start going up 5 years from now, the stock takes an immediate jump to a higher price because that's the present value of the future earnings. This is well-observed in the market, and applies to future "earnings" of being able to sell copper just as well.

      The fact that current prices haven't risen significantly indicates that the people with the most to gain or lose from future price changes don't yet believe the shortage hype.

    87. Re:REAL Scarcity would mean HUGE price increases by spectrumCoder · · Score: 1

      Well, if the world is going to return to the dark ages once the copper and fossil fuels run out, why not live in denial? It's the popular option in the face of certain adversity in the long term future.

    88. Re:REAL Scarcity would mean HUGE price increases by HarvardAce · · Score: 1
      Eg. from 0-15 I slept with 3 women, from 16-30 I slept with 30, so, by extension, from 31-45 I should sleep with 300 (much to my wife's chagrin). If our data set is too small, extrapolations tend to produce equally absurd results.

      Small data sets do lead to absurd extrapolations, but incorrect data will further invalidate the extrapolation. Now, if we took the real numbers, you would get the following:
      From 0-15: 0 women
      From 16-30: 0 women
      By extension, from 31-45, you will sleep with ... 0 women! I think we can all agree that in this case two data points is sufficient for an accurate extrapolation.

      --
      Note to self: Stop putting jokes in my insightful comments so I can get something other than +1 Funny!
    89. Re:REAL Scarcity would mean HUGE price increases by froschmann · · Score: 1

      OPEC sells oil in USD. Only Iraq used to sell in Euros, and that ended after the invasion.

    90. Re:REAL Scarcity would mean HUGE price increases by ArsonSmith · · Score: 1

      It's not like you're going to go to the pump one day and fill your gas tank half full and someones going to come out and say welp that's it no more oil.

      The cost of oil will continue to rise. Right now its up to ~$66 a barrel and $2.15 a gallon for gas. People were still buying gas at $3.15 a gallon. People will buy less gas at $10 a gallon and even less at $20. At some point though only the people that need it the most will pay $100-$1000 a gallon for gas and you can be sure they will be useing every drop to a maximum effency.

      No, were not going to "run out" of oil, but the scarcity of it will price it out of common reach and eventually out of nessecity.

      --
      Paying taxes to buy civilization is like paying a hooker to buy love.
    91. Re:REAL Scarcity would mean HUGE price increases by Frazbin · · Score: 2, Insightful

      And yet there are numerous scientists who are starting to think that it may not be dead dinosaurs and dead trees. We're not familiar with the process as we haven't been able to duplicate it in the lab -- so its theory. Could there are bacteria deeper in the earth that creates oil as a byproduct? Who really knows. The fact that oil is cheaper and consistently priced against the money supply leads me to believe that oil is not getting any more scarce.

      No, it's an untested hypothesis. Sorry, but you're talking about science, and "theory" has an established meaning. Also, this appeal to ignorance business isn't going to get you anywhere useful. Maybe His Noodlyness will provide us with an unlimited supply of oil. Who really knows? Well, we *do* know that oil can be synthesized from dead organic matter, and oil from abiotic sources isn't looking like a hot ticket idea, so let's keep it sane. We are probably going to run out of cheap oil. Maybe sooner, maybe later, but it's going to happen.

    92. Re:REAL Scarcity would mean HUGE price increases by Anonymous Coward · · Score: 0

      People will buy less if there is an alternative which allows them to conduct their daily business using less. If not, then it will mean a large additional burden on incomes and high inflation. The hope is that alternatives address the problems before high inflation becomes an issue.

    93. Re:REAL Scarcity would mean HUGE price increases by Anonymous Coward · · Score: 0

      The idea that driving with your eyes closed is dangerous is bunk. If it were dangerous, you'd know by the rapid decelleration.

      Oh, wait...

      The whole point of forecasting is to know before it happens. Because it's often too late when it does happen.

    94. Re:REAL Scarcity would mean HUGE price increases by Anonymous Coward · · Score: 0

      "Just as I don't believe we're anywhere near to running out of oil in the next 1000 years, I don't believe we'll be running out of copper. I study 5-10 mining reports a day and all I see is more and more oil, gold, carbon and copper being found. As we innovate and are able to drill deeper and deeper, we're finding that MOST of what geophysicists warned us about 10 years ago isn't true -- we keep finding more to consumer, not less. I think we will be able to say the same thing 10 years from now and 100 years from now -- we're amazed and what we're finding as we dig deeper."

      No. These two -- oil and copper (or other metals) are completely different. With metals, think about the energy invested in gold extraction -- immense. Between mining the rock and processing it in the plant, there is a huge amount of energy in a bar of gold (or copper). But that's okay, because the price/value of gold justifies all that energy investment.

      Switch to oil. Though it has other uses, its primary use is as an energy source, and that changes the equation in an important way. While you are quite right that we will never really "run out" of oil (there will always be some within the Earth), there is a point that will not be crossed very far, economically-speaking, no matter how valuable it becomes: the point where the energy to extract oil is greater than the energy value of oil. At that point, you'd be better off keeping what ever energy source you are using for exploration, drilling, and production.

      The price of copper or gold can go up indefinitely -- as long as people are willing to pay enough for the material, they could be extracted from the most mundane of rocks, with enough effort. Oil? No way. You have to get out more energy than you put in, or you are wasting your time. That means there will be an *economic* end to oil, even if it will always exist somewhere in small amounts.

      Granted, technological improvements can move that boundary a little, but there are limits to the fundamental physics behind sucking a liquid out of a permeable reservoir rock through a tube, which is a *very* cheap extraction technology compared to alternatives such as mining oil sands and processing them to get the contained oil.

      There are also big geological differences. Oil has a characteristic depth of occurrence -- it ranges widely, but oil below about 6km below the Earth's surface is rare (there are exceptions, but the trend is pretty clear). You can't simply drill deeper to find more. It peters out, because temperatures get too high -- the rocks become "overmature". It's basic chemistry and geology -- it gets roasted. There are also wide regions of the Earth's crust that are practically devoid of oil or any potential for it to occur -- even if it were generated, there are no porous/permeable rocks to contain it and cheaply extract it. Though you are right that things change in terms of geological understanding, there's no sign that these fundamental facts about the distribution of oil have changed (the ideas of Thomas Gold are about the only possibilities I can think of, but these have consistently failed to yield economically significant results).

      Even the most generous estimates of oil reserves, potential new discoveries, and technological improvements predict we will hit oil's practical extraction limits this century, probably in the first half, not in a thousand years. I don't know of anyone who suggests it will be that long a time.

      I don't know what reports you've been reading, but while it is true that we keep finding more oil, we have not been discovering it at the rates of the past -- on average, discovery rates have declined since the 1960s. Every year, the biggest of the new field discoveries are, averaged over a few years for the vagaries of individual finds, smaller. There's still plenty left, yes, so you will keep reading about plenty of new discoveries, but there is no *way* we are replacing it with new discoveries as fast as we are using it up. Large oil companies struggle

    95. Re:REAL Scarcity would mean HUGE price increases by Anonymous Coward · · Score: 0

      Umm, many other religions use the Bible as their holy text. No need to be so thin skinned when there was obviously no call for it.

      Anyway, did he say the Christian Bible? You do know that the term Bible is used for other texts besides the Christian Bible?

    96. Re:REAL Scarcity would mean HUGE price increases by ichigo+2.0 · · Score: 1

      And about your discovery that the market always regulate itself at the long term, try explanning it to Microsoft.

      I think it's just the opposite. Isn't Microsoft the perfect example of how governmental regulations have failed? I mean it hasn't stopped them in any way from reaching a monopolistic status, and mostly just slaps them on the wrist or gives them small fines which their customers end up paying through raised prices! And here's the kicker: Google and Linux, Microsoft's worst enemies, are creations of the market.

    97. Re:REAL Scarcity would mean HUGE price increases by Anonymous Coward · · Score: 0

      Supply and demand work fine no matter how much information is hidden. What you are describing in particular would be fraud, though. The buyer would have to make their own determination as to the scarcity of copper.

      The value of an item depends not only on how much money you can sell it for (playing the market) but also on how much you can accomplish with it (utilizing the resource). If you play the market, sure, you can get burned not knowing all the facts. But new copper doesn't make your copper wire fewer houses.

    98. Re:REAL Scarcity would mean HUGE price increases by dada21 · · Score: 1

      People will buy less gas at US$10 a gallon and even less at US$20.

      Actually, this is not true. I firmly believe that gas is US$3+ per gallon in the US due to currency inflation by the Fed (see my other links regarding M3 money stock inflation). US$10/gallon based on today's money supply is too high, but US$10 per gallon could be low if they inflated the money supply 4 times the current value (leaving US$10 per gallon to be cheaper than we have it today).

      Considering the money supply keeps going up in an out of control fashion, it is very hard to even make apple to apple comparisons. I've started to use the demarcation of US$ instead of $. I believe I should actually use the term 0106US$ to signify what time frame I am comparing to. 0106US$3 per gallon seems decent to me compared to 0104US$1.50 when you take into account the inflationary manipulations by the Keysenians in charge of monetary policy.

      No, were not going to "run out" of oil, but the scarcity of it will price it out of common reach and eventually out of nessecity.

      I don't see that happening. If gas ends up being too expensive, other forms of energy creation and conversion will be found. So far as I can tell, the only time gas was ever too expensive is when government created price caps (forcing the supply way down as no one would sell at the artificially mandated prices) or when government destroyed the value of currency -- during war and hyperinflation cycles. Useful energy will always be more and more affordable as time goes on, unless we see overregulation (as we did during the California energy crisis). In fact, I believe we'll see crazy gas shortages in Hawaii in the next 3-10 months as their government decided to work on setting price caps.

    99. Re:REAL Scarcity would mean HUGE price increases by dada21 · · Score: 1

      The hope is that alternatives address the problems before high inflation becomes an issue.

      I believe that high inflation has already begun -- look at the housing and stock market bubbles for proof there. This is also why I have been a gold bug since 1999 and have lived completely on the gold currency standard for the past 18 months.

    100. Re:REAL Scarcity would mean HUGE price increases by hackstraw · · Score: 1

      I believe part of the supply/deman issue has to do with the demand for ENERGY.

      Yes. Because that is what we are buying, energy, not oil per se. Electricity competes with oil, etc.

      If gas heat were to skyrocket, I would switch my house heat to electric or oil or ferret power if I could.

      I already have done this to some degree. My power and electricity bill combined was less than my parents gas bill, and I've been supplementing my gas heat with an electric radiator.

    101. Re:REAL Scarcity would mean HUGE price increases by P3NIS_CLEAVER · · Score: 1

      Yeah, I get a laugh out of stuff like this. When I was a kid I told my dad about an idea I had for a motor with a square in the middle instead of a piston. My pop informed me that the wankel engine was around a long time before I was.

      --
      Please sign petition to restore sanity to our banking system!!!

      http://financialpetition.org/
    102. Re:REAL Scarcity would mean HUGE price increases by philipgar · · Score: 1

      "Right now, we're just about at the point where demand will exceed capacity. Demand is still climbing, mostly due to China's industrialization."

      Uh, did you ever take a class on economics. The point of supply and demand is that either one of two things will happen the supply mined will increase to make up for the extra demand (and cause higher prices because to increase supply means extracting oil from less profitable places) or that the price will increase, and the amount bought will decrease.

      When china industrializes further, what will happen is that the demand function becomes steaper, and people become more willing to pay more money for less oil. This will happen. The only time supply doesn't balance off to meet demand (to my knowledge) is when the government steps in to set prices, or occasionally during short term emergencies (even then if gas stations could charge what they wanted during hurricanes etc, the supply available would match the demand given it, and people would be paying $10+ for a gallon of gas, which would likely result in people filling there cars up less than halfway, so they only had enough gas to get to the next city where the price will likely be a bit cheaper, as opposed to filling it all the way and then one of the later cars can't get gas at all even though the next city up might still have gas). In the 1970s there was no oil "shortage". It was artificial. The government set prices, and they were low enough that people would buy more then they otherwise would.

      For example, if Ford tried selling a new souped up Mustang for $1000, there would be inadequate supply for it. Does this mean that the demand for Mustangs increased? If anything the demand for mustangs would actually decrease because people would place less value on the "status symbol" appeal of a mustang. So the demand decreases, but the number bought would be hundreds of times higher than it currently is!!!

      As china demands more oil, the price will increase. Alternatives to oil use will look better. For now most of the alternatives are a waste of money. Buying a hybrid car isn't worth it for most people because in the 10-15 year life of the car they may not drive enough miles to make up the cost difference. Or even if they do, had they invested that extra money they spent they may have made up the difference. Of course if gas prices continue to increase, and say 10 years from now gas is $5/gallon those hybrids are looking like a much better deal. So is public transportation for that matter. So is anything that doesn't involve driving for many people.

      If only 10 gallons of gas were left on the earth the price would likely not be very high,a s no one can do much with it. By the time there is so little oil left prices will have risen high enough that alternative fuel sources (that today may cost 3 times as much as oil) become economic. And surprise, they'll be used.

      Phil

    103. Re:REAL Scarcity would mean HUGE price increases by dada21 · · Score: 1

      It's funny -- I recently sold all my brick and mortar houses and condos and bought a trailer for my family. The day I bought my trailer is the first day I had ever even stepped in one. I have more square footage in my trailer (soon to be 3000 square feet if things go well) than I did in almost any previous house or condo (except 2) and all my utilities are significantly cheaper. Higher R-values give me a huge savings over owning a 50 year old house!

      My dad owns a 2200 square foot house about an hour from where I live. His gas bill was over $550 last month. My trailer home is just under his total and I paid under $90 last month. His house is set to about 68 degrees, my significant other likes to sweat me to death.

      I'm trying to buy out the trailer park from the current owner to set up a co-op so we can look into other ways to save money -- including finding alternative energy sources to save even more money. By backing away from what is forced down our throats, I believe we can save even more on top of the high efficiency living (and lack of a bubble).

      Don't believe the hype -- I bet all these hype editors are looking to make huge gains in the stocks they're shorting :)

    104. Re:REAL Scarcity would mean HUGE price increases by swilver · · Score: 1
      Which is my biggest problem with patents :) It doesn't matter if I thought something up on my island isolated from the rest of civilization, for some reason that guy that registered MY idea as a patent owns it. Kinda like owning my thoughts.

      My other gripe with patents of course is that its just impossible to check if someone had your idea already or not for everything you do each day. It's just a system that simply can NEVER work perfectly -- nobody could ever get any work done. It's kinda like being expected to know every obscure detail of the law of your country, even though it changes almost every day...

    105. Re:REAL Scarcity would mean HUGE price increases by Anonymous Coward · · Score: 0

      Don't get the idea that anarcho-capitalism is in any way related to this guy's beliefs about the scarcity of oil.

    106. Re:REAL Scarcity would mean HUGE price increases by Animats · · Score: 1

      Metals are different than oil in this regard. With oil, either there is oil somewhere or there isn't. There aren't high-grade and low-grade ores, with a long tail of lower and lower grade ore. Some oil is easier to get at than other oil, but the range isn't as wide as it is with metals.

    107. Re:REAL Scarcity would mean HUGE price increases by Animats · · Score: 1

      Incidentally, this applies especially to gold. There are many closed gold mines, left over from when gold went up to $800 per ounce and then crashed. If the price of gold goes up, they'll be reopened. This puts something of a ceiling on the price of gold.

    108. Re:REAL Scarcity would mean HUGE price increases by dada21 · · Score: 1

      Don't get the idea that anarcho-capitalism is in any way related to this guy's beliefs about the scarcity of oil.

      Anarcho-capitalists believe that prices are set by supply and demand (either of which can be manipulated by government regulation). Insider information in a given market will only offer there very short term profits if the market is relatively free of regulations offering others the ability to compete. Oil, in my opinion, is no different. As the oil manipulators try to extend their profits (by raising prices or pushing for there to fearmongering in order to short prices), other forms of energy will be brought to market by the many innovators out there.

      Scarcity of oil? When I see high prices, I'll believe there is a scarcity. As long as the price of oil is consistent with the quantity of dollars in the economy, I don't see any price increases, and I don't see any real scarcity in the short term (meaning my life).

    109. Re:REAL Scarcity would mean HUGE price increases by Starker_Kull · · Score: 1

      "I'm not worried about it -- if there truly was an industry-affecting shortage, oil wouldn't be US$66, it would be US$1000."

      Or perhaps they all share the rather optimistic beliefs that you have regarding extraction technologies and about oil generation, and consequently are undervaluing their assets. Proper pricing can only come about when information about supply is both accurate and widespread, as you well know.

    110. Re:REAL Scarcity would mean HUGE price increases by Plugh · · Score: 1
      I couldn't agree with you more. Government manipulation of the markets and fiat currencies are dangerous, Bad Things, and we all end up paying for these abuses of government power.

      It's become clear to me that the vast majority of people in the US are not only unaware of the problem, they're happily contributing to creeping Socialism in this country. And the kicker is that most other countries I could see myself living in (Australia, Canada, various European states) are even worse.

      That's why, 7 months ago, I moved to New Hampshire.
      Have you heard of the Free State Project or Free Talk Live?

      If you believe in free markets and smaller government, you should really check them out.

    111. Re:REAL Scarcity would mean HUGE price increases by winwar · · Score: 4, Informative

      "Just as I don't believe we're anywhere near to running out of oil in the next 1000 years,

      That's a pretty unconventional view -- actually, a unique view -- in the minerals world."

      Actually, he is correct. We aren't going to run out of oil. There will be oil in the ground that isn't economical or technologically feasible to extract.

      We are going to run out of plentiful and cheap oil (and $70 barrel is cheap). Which for all practical purposes means we are going to run out of oil.

    112. Re:REAL Scarcity would mean HUGE price increases by dada21 · · Score: 1

      Proper pricing can only come about when information about supply is both accurate and widespread, as you well know

      Actually, I don't agree with this economic thought. I'm not 100% sure but I believe it is a Keynesian model fallacy -- it is a fallacy nonetheless.

      Capitalism (as I define it) means a voluntary cooperation of two parties with a mutual profit made by both parties. Neither party needs to divulge their secrets as to what their profit is, or to divulge how much of the item they are trading they have. A consumer never tells the retailer how many dollars they have or what they'll profit from the use of the item -- the retailer never tells the consumer how much profit they're making from the sale or how much of the product they can get.

      Transparency is irrelevant to the trade -- both parties are trying to maximize their gains. If you look at the price of a product and you won't be able to walk away with a gain, you won't buy that product at that price. If you're holding onto a product to sell and the consumer is offering a price lower than your cost, you won't sell the product.

      The free market is better suited by people keeping secrets. These secrets also help to drive the costs down and the quality up -- which helps both the producer and the consumer in the long run.

    113. Re:REAL Scarcity would mean HUGE price increases by Zoop · · Score: 1

      Classical economists tend to mis-analyze oil. The price is related to cost of extraction, which is low. Until demand exceeds supply. But throwing more money at search and extraction doesn't yield much more supply.

      Um, no on several levels.

      First, classical economists take into account scarcity, not just extraction, and the alternative to scarcity is not more extraction (at least using existing methods). Substitution, efficiency, and hitherto too-expensive extraction methods are all on the table.

      Second, price and demand are related, even in oil. It is far from perfectly inelastic. With higher prices comes a reduction in demand. China may be willing to dump a ton of oil into its inefficient factories at $70/barrel, but probably not nearly as much at $140/barrel. They will either substitute, become more efficient, or go out of business (yaaaay, go the protectionists, booo, go the development types).

      Third, an extraction technology that would yield the equivalent of Gawar at $400/barrel (say, shale oil) would suddenly become much more plausible when oil reaches $400/barrel because traditional pumping methods aren't producing enough. So it will be there, but it will only be something that people who really want it would buy.

      Nobody is saying the transition will be pain-free, but they are saying we won't run out because we'll stop using it so much or we'll be using it drastically differently. That's far from simply saying that more money will go into extraction and discovery.

    114. Re:REAL Scarcity would mean HUGE price increases by Animats · · Score: 1
      The point of supply and demand is that either one of two things will happen the supply mined will increase to make up for the extra demand (and cause higher prices because to increase supply means extracting oil from less profitable places) or that the price will increase, and the amount bought will decrease.

      No. The "less profitable places" don't exist. We've already pumping the north slope of Alaska, the North Sea, and the dregs of what's left in Texas. There's a huge discontinuity (like 10x) in extraction cost between Middle East oil and the next step down, oil sands and shale oil. Once the cheap stuff is gone, it's not fun.

    115. Re:REAL Scarcity would mean HUGE price increases by hackstraw · · Score: 1

      I recently sold all my brick and mortar houses and condos and bought a trailer for my family. The day I bought my trailer is the first day I had ever even stepped in one. I have more square footage in my trailer (soon to be 3000 square feet if things go well) than I did in almost any previous house or condo (except 2) and all my utilities are significantly cheaper. Higher R-values give me a huge savings over owning a 50 year old house!

      I'm selling my house and will net about $40k. Student loans will be 0. I'm planning to buy a car for a friend with the extra.

      I'm not sure what part of the country I'm going to end up at, so I will probably live in a hotel for a while. I've done it before, about $750 or $800/mo all bills included and maid service and I can check out any time I want. No lease or deposit or anything. When I did it before, a few families lived there. I'm single, but its not bad. I wish it were a little cheaper.

      Don't believe the hype -- I bet all these hype editors are looking to make huge gains in the stocks they're shorting :)

      Why should anybody? Its gotten to the point that over 90% of the "news" is either lies, propaganda, or hype (lies mixed with propaganda). Same goes with those goofy government ads on how to live and raise your kids.

      I greatly appreciate your comments here. IMHO, you're the brightest guy on /. (next to me of course:) No, I have finally almost unlearned all of the BS I was taught by the government and my parents. It has taken something like 5 years of work, but its worth it. I nolonger feel as if I am part of the cog, but free. I was manipulated into the whole "house" thing, and it will definitely work to my advantage, but seeing my interest go from 550/mo to almost 1k is a bit much. I'm back to renting my own house, and I don't know if prices will fall (does that happen?) or stagnate at an overinflated value (my house is WAYYY overvalued, about 30-40k). I almost feel guilty selling it for so much, but I'm going to do some renovations and make it worth their while.

    116. Re:REAL Scarcity would mean HUGE price increases by dada21 · · Score: 1

      Have you heard of the Free State Project or Free Talk Live?

      I have and I do support these functions (I have donated to some other ones as well). I actually behind a micromovement in the Chicago area called the Free Trailer Park Project. I'm attempting to get a bunch of geeks to move to the town I live in (less than 500 residents) so we can boot out the current government, buy the property entirely from the previous owners, and work at developing some sort of co-op to handle costs, insurance, security and overall "governance." In effect we can downsize government by just not voting for government.

      So far I have only had about 50 people look into moving, but considering you can move into my community for under $15,000 (as low as $4,000 if you don't mind a repo unit), you can live very comfortably and cheaper than you'd believe. I'm less than 40 minutes from both Chicago and Milwaukee. I publish a newsletter called "Mobile Home Millionaire" and have the strong drive to get more geeks out of the debt arena and into the wealth creation market.

      I won't move to NH, yet. I have too many opportunities in the Midwest, but I'd move once those opportunities are gone.

    117. Re:REAL Scarcity would mean HUGE price increases by SirSlud · · Score: 1

      > Sorry, but man is innovative, and in almost all of history we have only become better at doing everything the previous generation did.

      %100 incorrect.

      While your comment *may* be correct in the sense that *eventually* we get better at doing something we used to do well, history is littered with slips back into inferior methods of farming, irrigation and technology in general.

      On the flip side, the better we get at something implies that getting good at something is implicitly benificial. Civilizations have gotten so good at something (fishing, farming, etc) that they essentially ruined their local egosystem and quickly wiped out anywhere from 30% to 80% of their maximum population over the course of a civilizations rise and fall.

      The question is; as our civilization becomes global and essentially one instead of many, these slips back and self imposed ecological or civilogical disasters suddendly affect *all* humans that exist, not just one civilization out of a group of many on the planet.

      It is for this reason that we should be far more concerned about how 'good' we get at something today than we used to; its entirely possibly we get so good at doing something that by the time its negative effects are felt (short of a crystal ball, nobody can EVER predict the long term effects of the use of a technology) that we cause a reduction of earths population by a massive amount.

      I'm not sayin the sky is falling, but its absolutely rediculous to assume history is not full of documented, well researched situations that we totally farmed/mined ourselves out of a sustainable land. Now that land his earth; we cant just move onto the next continent like the past survivors of civilizations used to.

      It is those who are reaping the benifits of the bleeding edge farming/manufacturing technology (a relatively small portion of the entire population of the earth) who are the last to believe it, and yet, tragically the ones who are most empowered to do something about it. Although usually, as history again depicts, we stick our fingers in our ears, sing nah-nah-nah and build a larger temple, a faster jet .. just about anything that won't actually help us.

      The lack of any belief in the value of self control and moderation in the face of a staggering amount of empirical data that suggests that its a dangerous course of action defies description. The 'value' of technology and the implicit belief that more efficient methods of farming and mining is implicitly better for humanity is indistinguishable from religious faith, if you ask me.

      --
      "Old man yells at systemd"
    118. Re:REAL Scarcity would mean HUGE price increases by jafac · · Score: 1

      I believe hiding trade facts is very important for a free market.

      ever hear of the term; "unclear on the concept"?

      --

      These are my friends, See how they glisten. See this one shine, how he smiles in the light.
    119. Re:REAL Scarcity would mean HUGE price increases by Handpaper · · Score: 1
      For the GP : calculus is the classic example of independent discovery; it basically validated the concept : that two or more people could have the same idea at (about) the same time.

      When I was a kid I told my dad about an idea I had for a motor with a square in the middle instead of a piston. My pop informed me that the wankel engine was around a long time before I was.
      At college I thought I'd invented the Class-D amplifier. I only found out about a month ago that I was over 50 years behind :)

    120. Re:REAL Scarcity would mean HUGE price increases by winwar · · Score: 1

      "It is abundant after all."

      Well, copper isn't rare. About 50ppm in the crust. Now actually extracting that....

      Same issue with aluminum. It is very common. But very hard to extract from most rocks.

      We could run out of aluminum and copper in a practical sense (not cost effective to extract). But we won't run out.

    121. Re:REAL Scarcity would mean HUGE price increases by CommieOverlord · · Score: 1

      Wrong. Oil demand in the U.S. goes down because Katrina damages processing and receiving equipment, oil price goes UP so that OPEC can make up the difference.

      The prices in the states went up, because there was less refined oik available in the states.

      Up here in Canada there was a brief bit price gauging, but prices have remained constant. Our oil/gas comes from different sources.

    122. Re:REAL Scarcity would mean HUGE price increases by jbash · · Score: 1

      Thanks man. I'll check out that ebook.

    123. Re:REAL Scarcity would mean HUGE price increases by blueboy31 · · Score: 1

      Yeah, I'm thinking this article isn't quite correct. I live in Michigan's copper country, i.e. near the very tip of the UP. Here, in the keweenaw peninsula, is one of the few places in the world where copper is found in the ground in its pure form. There are veins of it just like gold. When the US Government stopped buying copper at a set price (just after world war II), the price of copper dropped like a rock. This forced all the local mines to shut down literally overnight. The price was expected to make a rebound and workers expected to return to the mines as soon as the price stabilized, but that never happened. To cut a long story short, there is still *a lot* of copper available in this region, but I was told that current prices would have to double to make it economically possible to retrieve it.

      --
      Christmas is the opposite of theft. See?
    124. Re:REAL Scarcity would mean HUGE price increases by ChrisMaple · · Score: 1

      How much serious search for oil has been done in the center of the Pacific Ocean?

      --
      Contribute to civilization: ari.aynrand.org/donate
    125. Re:REAL Scarcity would mean HUGE price increases by StikyPad · · Score: 1

      Civilizations have gotten so good at something (fishing, farming, etc) that they essentially ruined their local egosystem and quickly wiped out anywhere from 30% to 80% of their maximum population over the course of a civilizations rise and fall.

      And we got better. Now we have fish farms, catch limits, etc. A short-term setback doesn't invalidate the concept of continual improvement; if anything it reinforces it.

    126. Re:REAL Scarcity would mean HUGE price increases by dabigpaybackski · · Score: 1
      Actually, I was speaking with a foreign investor who told me that some investors have been inquiring about buying old garbage dump sites. Would it be funny if the next property bubble came out of people buying garbage dumps so they could look for scarce materials we've thrown out for generations?

      What you're speculating upon is an inevitability. Those investors are smart. They see valuble mineral deposits in the trash. Check out this company's website. Although the company's current projects focus upon waste from meat factories and sewage plants, the splash screen implies that they are interested in landfill reclamation. They obviously have plans to deal with the heavier stuff in the waste stream, like refrigerators and so forth. I have been excited by this potential ever since I read about the dump-mining entrepreneuer in Kim Stanley Robinson's Mars Trilogy, in which the author described huge machines devouring the formerly abject contents of landfills and profitably spitting out the sorted and purified constituents. Reclaimed landfills...purified soils...now that's the kind of world I want.

      The super-labor-intensive Chinese practice of manually breaking appliance cases and PCB's to get at the little bits of metal is, as the parent said, inefficient and environmentally destructive. This is ruining entire towns over there with high concentrations of heavy metals and the solvents required to isolate them from nonmetal components, and what such exposure does to the workers over the course of a few years... It's a dead end job in more ways than one.

      Now, with a depolymerization process on a correct scale, you could feed old wiring into a hopper and just let the heat and pressure strip away the polymer insulation, break down the hydrocarbon molecules into constituate elements and get your copper back. The other remains are mostly saleable: light petroleum, water (of what purity I don't know,) carbon black, and whatever trace elements. Maybe that's why Changing World Technology has been so tight-lipped of late; they know that with their process, they're sitting on a potential fortune and they don't want to give any clues to industrial pirates (Chinese upstarts.) We'll see.

      --
      "OH SHIT, THERE'S A HORSE IN THE HOSPITAL!"
    127. Re:REAL Scarcity would mean HUGE price increases by Anonymous Coward · · Score: 0

      You guys have special plants that don't grow in the ground eh? Vive la France!

    128. Re:REAL Scarcity would mean HUGE price increases by ceoyoyo · · Score: 2, Insightful

      Even if oil is created in some other way and renews itself faster than dead dinosaurs, it still doesn't renew itself quickly enough to keep up with us (the old reservoirs haven't refilled).

      You're right, human ingenuity will allow us to keep finding oil but at some point it takes more energy to get it than it gives us back. At that point we will have run out of oil as far as it's use as a fuel is concerned.

    129. Re:REAL Scarcity would mean HUGE price increases by Anonymous Coward · · Score: 0

      It's the exact same situation with the petroleum in the tar sands in Canada. It was very expensive to get the oil out when it was at $30 a barrel, but now that it is hitting almost $70 a barrel people consider tar sands economically feasible (I think the price at which they become profitable is around $45-55).

      I guess that explains why, with oil well over $45/bbl for years, we see so much oil from tar sands on the market. Oh. Wait. We don't. I guess that means you don't know what the hell you're talking about.

    130. Re:REAL Scarcity would mean HUGE price increases by Anonymous Coward · · Score: 0

      The M3 is *money supply*, not currency price. Just because the supply increases in the long term doesn't mean the price decreases in the long term. Look at that econ textbook again.

    131. Re:REAL Scarcity would mean HUGE price increases by dada21 · · Score: 1

      Odd. Your sig shows antiwar.com. I know the editor -- Justin Raimondo. I see him at many anarcho-capitalist conferences. The ebook I linked to was written by Rothbard who coined the term anarcho-capitalist and was a key influence on Raimondo.

    132. Re:REAL Scarcity would mean HUGE price increases by CommieOverlord · · Score: 1

      In effect we can downsize government by just not voting for government.

      Which might work great when you have 50 people. But so great for any community of reasonable size. That's why there's been government since pretty much the day hunters and gatherers first settled down.

    133. Re:REAL Scarcity would mean HUGE price increases by dada21 · · Score: 1

      True. Yet if I can cut my living overhead down to US$3500/year including all property costs and utilities it is completely worth it. In a home with a mortgage my overhead was about US$28000 annually. Yes I received a little equity build up out of that.

      Now, my overhead is under $7500 -- I did make a one-time purchase of $9000 though.

      Getting rid of police and residual management fees would cut costs at lea t $2500 after paying for replacement costs, leaving mostly mandatory public daycare ("education") and other mandated fees for now.

      I'm already US$20,000/year "richer" just moving 2.5 miles. That's almost 40 ounces of gold saved annually.

    134. Re:REAL Scarcity would mean HUGE price increases by _Sharp'r_ · · Score: 1

      Yeah, the massive copper shortage will occur just before we hit "peak oil" and all the real economists roll over in their graves.

      In short, the story is BS.

      --
      The party of stupid and the party of evil get together and do something both stupid and evil, then call it bipartisan.
    135. Re:REAL Scarcity would mean HUGE price increases by CaptainCarrot · · Score: 1
      That's a pretty unconventional view -- actually, a unique view -- in the minerals world.

      Actually it's not unique. Check out the conspiracy theory. This guy is on Coast to Coast with George Noory every so often -- I think he's on tonight -- and the idea of a limitless supply of oil with artificially generated shortages to drive up the price is one of his regular themes.

      --
      And the brethren went away edified.
    136. Re:REAL Scarcity would mean HUGE price increases by SparafucileMan · · Score: 1

      ha. ha. funny. but the point is that the value of the dollar has changed. therefore so has the oil. and depending on where you live, it's changed differently. not _everyone_ is freaking out at a doubling of price within a year.

    137. Re:REAL Scarcity would mean HUGE price increases by filament · · Score: 0
      Anyone who has done any serious reading will know that eerie feeling of encountering someone else who has developed a similar line of thought as one of your own, especially when it comes from a source hundreds or even thousands of years old.
      When I was in about grade 6 (around 11 years old) I invented a mag-lev train which wrapped around its track and accelerated using magnets (I can't remember if I knew about electromagnets then). A year or two later I found out there were prototypes in Japan. I also invented car seats that disable the car when you don't have a seatbelt on, then found out similar devices had been around for decades but were rarely used in cars. I came up with lots of cool inventions that others had also invented. Now I'm so busy reading slashdot I don't have a chance to come up with original ideas!
      --
      This sig is covered under the GPL.
    138. Re:REAL Scarcity would mean HUGE price increases by Anonymous Coward · · Score: 0

      You mean like this?

    139. Re:REAL Scarcity would mean HUGE price increases by tehdaemon · · Score: 1
      You are refering to the demand and supply curves. An important concept in econ to be sure. But you are probably thinking about the example curves you saw in class, nice slopes, almost straight lines, like these

      Well, the nature of oil drilling means that at some point, the supply curve goes vertical. The amount supplied no longer increases with price. Even before we get to that vertical point though, there is a delay between the increase in price and the shift in the curve. (opening new oil fields takes time), so once spare capacity has been used up (as seems to be the case now) no price increase can change output levels now. Most econ theories assume that demand increases (shit in demand curve) are much slower than output changes. For most products this is true. For oil, it is not. This time delay results in boom and bust price spikes. The important point here is that in the short term (the meaning of 'short term' depends on the nature of the good being produced) ALL supply curves are vertical The wikipedia article mentions vertical supply curves.

      This applies double to alternatives. Cost be damned, how long would it take for the US to replace oil use with something (anything!) else? - Years. A decade at least. This means that a serious war that shut off all oil from the middle-east would instantly send prices through the roof, because the increase in price cannot increase supply - even of alternatives - in the short term. And for oil, demand also cannot change rapidly without big problems. (no fuel for trucks - no food transport - no eating, at any price!)

      If we could be assured of a gradual (or even merely predictible) demand increase, and a predictable supply, then I would be as, if not more relaxed than you about our energy prospects. Market forces would do as you say and we would find more oil or convert to alternatives smoothly. These things are anything but assured. I am worried.

      --
      Laws are horrible moral guides, moral guides make even worse laws.
    140. Re:REAL Scarcity would mean HUGE price increases by tehdaemon · · Score: 1

      None. If our current theories about how oil is made and plate tectonics are only somewhat correct, there is no oil there.

      --
      Laws are horrible moral guides, moral guides make even worse laws.
    141. Re:REAL Scarcity would mean HUGE price increases by Stephen+Ma · · Score: 1
      Also, the opportunity cost of waiting to sell (until copper really is scarce) might be greater than the increase in revenue.

      Also, the mining companies need cash flow. They could hoard their copper for decades in the expectation of increased prices, but that does them little good if they go bankrupt in the meantime due to lack of cash.

    142. Re:REAL Scarcity would mean HUGE price increases by Stephen+Ma · · Score: 1

      They wouldn't dare, not with Bush twisting their arms.

    143. Re:REAL Scarcity would mean HUGE price increases by Stephen+Ma · · Score: 1
      And we got better. Now we have fish farms, catch limits, etc. A short-term setback doesn't invalidate the concept of continual improvement; if anything it reinforces it.

      We got better because when one civilization fell, there were others around to pick up the slack. SirSlud was saying that if our current global civilization crashed, we would all crash. There is no way to tell whether the human race would ever recover, because a global crash has never happened before. It is extremely unwise to do nothing to prepare.

    144. Re:REAL Scarcity would mean HUGE price increases by tehdaemon · · Score: 1
      Yes, the supply curve and the demand curve set prices. However, prices do not change the demand curve or especially in this case the supply curve. Finite in this case means that our current consumption levels are much greater than the resupply levels. For goods like this, any consumption shifts the supply curve to the left. (this assumes that most potential sources have been located - seems to be the case now) The nature of oil production also means that at some point the supply curve goes nearly vertical. You haven't taken this into account.

      Government intervention and monopoly intervention are, as you say, short term. (I would be more worried about speculators BTW, they currently seem to have more $$$ than either of the other two.) Your belief that prices would be much cheaper implies that the supply curve is artificially being shifted to the left. To say that this isn't happening at all can be refuted with one acronym, ANWR. But ANWR is not enough, I see far to little evidence of this sort of artificial shift, and plenty of evidence for a fundamental shift of the supply curve to the left. ( a chart of Saudi oil prodiction since the '80's shows a clear maximum - and we are at it. Peak oil production levels were accurately predicted years in advance, etc.)

      I have also seen in several of your posts a claim that "our geophysicists still don't really have a clue what is happening more than a few miles beneath the surface" Well, our physicists do not know what is going on between quantum mechanics and general relativity - That does not justify jumping off a cliff saying 'they do not understand gravity enough so I am sure it won't hurt'

      To the particulars - 'dry' oil fields filling up. A 'dry' oil field has only 20%-30% of the oil removed. This lowers the pressure in the oil field enough to make the oil not come to the surface by itself. In addition the oil is usually in a porus rock, and takes time to seep through the rock to the wellhead. These 'dry' oil fields are evidence that we underestimated how fast the oil levels would reach a new equilibrium level. They are NOT evidence that oil is being produced in the earth's core. They are therefore not evidence agianst the oil from dead life theory. There is then no reason to assume that oil is anything but finite (we have what we have - no more for a few million years at least)

      --
      Laws are horrible moral guides, moral guides make even worse laws.
    145. Re:REAL Scarcity would mean HUGE price increases by Plugh · · Score: 1
      If you haven't yet, consider signing the FSP Statement of Intent, so if 20,000 other libertarians commit to minimizing the State Government in New Hampshire, you'd be part of the solution.

      From what I can see here in NH, even with only a few hundred people who have moved early, we're already making some noticeable changes -- like killing bad laws (mandatory auto insurance, for example) and enforcing spending caps on city budgets.

      With 20,000 people, I have no doubt we could reduce NH taxes to almost nothing, and make most services both private and voluntary. Hell, I bet we could get long way with even 1,000 people.

    146. Re:REAL Scarcity would mean HUGE price increases by philipgar · · Score: 1

      One obvious solution that's used to solve the short-term vertical supply slope (or help to) is the buying and selling of oil futures. Buying when the demand is less, and selling when the demand is greater. This essentially lets the supply be adjustable in the short term, although time to market is always an issue.

      The thought of a massive war in the middle east would cause a major headache to the entire world. It's funny when Bush is blamed to be "fighting for oil", yet how true that is in a lot of respects. By stabilizing the region we can hopefully help avoid a massive war between the islamist states and israel (or someone else) that would likely end in nuclear blasts ripping apart the region. Such a scenario would likely not occur until many years in the future, however it is not pretty as it would A: Destroy the entire region, and B: cause hell on the rest of the world from not only the nuclear fallout, but also the decrease in energy available (for the reasons you mentioned).

      The question of is it worth it to stay in Iraq and try to setup a legitimate government has an obvious answer. It will cost many more billions to stay there, but leaving and letting another sadam (or worse) take over could result in the scenario mentioned above, or even a WWIII. Even if the probability of that happening is small (say 20%), spending money in Iraq now seems like a good investment (compared to the thought of trillions in damages, or worse yet the end of the world as we know it). Of course this digresses from my main point on supply and demand.

      Basically it comes down to the article spouting on about how their will be copper shortages etc etc, when the real point of fact is just that the price of copper will likely increase, and alternatives will start looking much better. Nothing to see here.

      Phil

    147. Re:REAL Scarcity would mean HUGE price increases by tehdaemon · · Score: 1
      Futures have only an indirect impact on the supply curve. What they really do is allow some people to avoid the price changes if and when we do hit a vertical point in the supply curve. And this is how they indirectly affect the curve - by giving more or less money to the oil industry, which then has more or less to invest in new oil wells etc.

      The supply curve at any one point in time is determined by the number of oil wells connected to effective transport, the state of the oil fields under those wells, (these two determine the maximum ammount of oil that can be produced, or in other words, where the curve goes vertical) and the expense per barrel of oil from each well. (this determines the shape of the rest of the curve) Futures affect price, and price does not in any way change the current supply curve. Only how it changes over time. (investment in finding and developing oil fields)

      There is a solution to the short-term vertical supply curve problem however. Storage. Great big tanks of crude.

      "Basically it comes down to the article spouting on about how their will be copper shortages etc etc, when the real point of fact is just that the price of copper will likely increase, and alternatives will start looking much better. Nothing to see here."

      Mostly, yea. Shortages only come about when the supply curve shifts to the left too fast for alternatives to be put into play - and then only if the product is an absolute necessity. Barring government stupid^H^H^Hintervention, I don't see this happpening with copper. Mostly just oil.

      --
      Laws are horrible moral guides, moral guides make even worse laws.
    148. Re:REAL Scarcity would mean HUGE price increases by Anonymous Coward · · Score: 0

      Copper price for end users (here) has increased %30 in 2 years, that may not be hyperinflation but neither is it steady growth. Now shall we consider the consequences of that inflation curve accelerating?

    149. Re:REAL Scarcity would mean HUGE price increases by Reziac · · Score: 1

      But long-tail metals and, say, shale oil are effectively the same -- once you get it extracted, it's either metal and oil, or it's not. But in either case it's a lot more work to extract and purify than wieth discrete deposits. So I don't think they're different at all, in that respect.

      [finds 2nd post, lazily answers it here too] And yes, I think you're also right that the profit point for reopening old mines and wells does indeed help cap prices, but meanwhile scarcity has driven up the cost of related infrastructure, so I expect the profit point/price cap values both rise over time, and perhaps not an an entirely one for one relationship.

      --
      ~REZ~ #43301. Who'd fake being me anyway?
    150. Re:REAL Scarcity would mean HUGE price increases by marcosdumay · · Score: 1

      The fact that the government failed to punish Microsoft doesn't lead to the conclusion that with no government, Microsoft would be punished. If anything, it just demonstrate the need of a (competent) government.

    151. Re:REAL Scarcity would mean HUGE price increases by ab_iron · · Score: 1

      Just yanking your chain. I have to admit that I have considered such model, at least enough to support my hobbies. ab_iron

    152. Re:REAL Scarcity would mean HUGE price increases by Sparohok · · Score: 1

      Yes, as it happens, both you and your source (Wikipedia) are wrong. Wikipedia is great but don't mistake it for authoritative.

      Here is a discussion from December '04, eight months before Katrina, observing the shortfall in Saudi light crude deliveries and the subsequent effect on the spread between Arab light and heavy grades:

      http://www.mcdep.com/MR41228.pdf

      So the phenomenon that Wikipedia associates with Katrina was about a year old at the time. That is actually more worrisome in terms of peak oil, since Gulf of Mexico rigs can be repaired but it's not clear whether the Saudis can materially increase their light crude production.

      On Sunday, September 18, 2005, two weeks after Katrina, Saudi Arabian oil minister Ali al-Naimi told reporters that they had 1.5 million barrels per day of spare capacity and "absolutely no" demand for it. Of course the surplus capacity was Arab heavy grade.

      http://www.finfacts.com/irelandbusinessnews/publis h/printer_10003311.shtml

      A few days earlier the Saudi crown prince was quoted as follows:

      "The current rise in oil prices does not stem from a shortage in crude oil supplies but is due to, as everyone knows, to increased demand for products and a shortage in refining capacity"

      http://www.boston.com/news/world/asia/articles/200 5/09/15/oil_over_65_us_stock_dip_stirs_worry?mode= PF

      Since there is more than enough supply of heavy crude in the market, the reason Katrina caused a price spike was its effect on refining capacity and infrastructure, not on production.

      Martin

    153. Re:REAL Scarcity would mean HUGE price increases by ichigo+2.0 · · Score: 1

      I didn't say Microsoft would be punished with no government. I just pointed out that the market is quite capable of regulating itself, and that the market forces so many think would lead to monopolies are doing exactly the opposite. I agree that a more competent government is needed, but not in the way you probably mean; a competent government wouldn't try to regulate the market. :)

    154. Re:REAL Scarcity would mean HUGE price increases by EvilJoker · · Score: 1

      But how does that compare to the energy needed to create a standalone? Then compare the difference in energy used. I suspect the breakeven point is longer than the useful life.

    155. Re:REAL Scarcity would mean HUGE price increases by duffstone · · Score: 1

      I don't have any Links persey, I don't spend time researching this stuff on the web when I have a Paladin so close to 60. Most of this stuff comes accross my desk in print. A Lot of SPE stuff, but some other industry article stuffs. I'll see if I can find these reads since I more than likely canned them after reading my copies.

      If you have access to SPE information that's the best way to start. It's the perverbial horses mouth and a treasure trove of energy related information. The rest of my knowlege is working with engineers that work the areas. I myself am just a lowly non-engineer type so what I get from books, Engineers, SPE papers, and various other (sometimes biased) reads is what I have to work with. Sorry I can't be more help. -Duff

    156. Re:REAL Scarcity would mean HUGE price increases by Savantissimo · · Score: 1

      Newton invented it in a sucky form which he refused to publish. Leibniz got ahold of some of Newton's work, made it ten times better, published it so people could use it - and so he could pretend it was all his idea. They had a legendary feud, mostly by proxy, which might be considered the first flamewar - perhaps the biggest until the arrival of Usenet.

      --
      "Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery?" - Patrick Henry
  4. So... by Daedala · · Score: 3, Funny

    Is this Peak Copper?

    --
    What I say does not represent the views of my employers, my friends, my cats, or myself.
    1. Re:So... by ZaBu911 · · Score: 1, Funny

      That was a Cute joke.

  5. It's not going to matter anyway... by ThinkFr33ly · · Score: 4, Insightful

    The oil and natural gas we use to generate electricity to power devices that require copper will become too expensive to use long before we run out of the copper we use in the construction of these devices.

    1. Re:It's not going to matter anyway... by benjamindees · · Score: 0, Flamebait

      Hardly. With 200 pounds of copper I can run all the electrical devices in my house indefinitely.

      --
      "I assumed blithely that there were no elves out there in the darkness"
    2. Re:It's not going to matter anyway... by JourneyExpertApe · · Score: 2, Funny

      Pfft, who cares about that? By then, the world will be transformed into a primitive dystopia ruled by warlords because of global warming. Or rather, it would if we didn't get swallowed up by tsunamis and hurricanes just before being incinerated simultaneously by a huge meteorite and a terrorist's nuclear bomb in a couple years. Either way, we're all doomed.

      --
      If you can read this sig, you're too close.
    3. Re:It's not going to matter anyway... by MoxFulder · · Score: 1

      How the hell is CNN the "Jewish Media"??? The main CNN reporter in Iran is Christiane Amanpour, who's almost certainly not Jewish just based on her name...

    4. Re:It's not going to matter anyway... by Anonymous Coward · · Score: 0

      Judaism is a religion.

    5. Re:It's not going to matter anyway... by qray · · Score: 1

      A large portion of the US electricity comes from coal fired plants. From what I've seen there's no of coal within the next few generations.

      And I just heard a report that the Alberta sands may turn out to produce more oil than Saudi Arabia.

      I wonder how much of this copper scare is generated by copper speculators
      --
      Q

    6. Re:It's not going to matter anyway... by dpilot · · Score: 1

      The only problem for the Alberta sands will be finding enough natural gas to bake all of that oil out. I presume they could use some of the oil to fuel production, but that still leaves one guessing what the net output would be. I'm under the impression that it's very energy-intensive to get oil out of oil sands.

      --
      The living have better things to do than to continue hating the dead.
    7. Re:It's not going to matter anyway... by qray · · Score: 1

      The blurb I heard just mentioned the deposits in the sand. I should have visited the Wiki before responding and this articletalks about it taking 1,000 cubic feet of natural gas for one barrel.

      But then if someone can figure out an alternative mechanical or chemical solution it may turn out better.
      --
      Q

    8. Re:It's not going to matter anyway... by ThinkFr33ly · · Score: 1

      About 43% of our electical power in the United States comes from coal power plants.

      But coal has several problems. First, there are the obvious environmental issues... although I doubt many people will care about those once oil hits $150 a barrel. (Environmental issues have a tendancy to take the back burner when people can't afford to heat their homes.)

      The second problem is that while coal is certainly more plentiful then natural gas and oil, it too is a limited natural resource. Coal production could peak as early as 2035.

      As far as oil sands, it is just too expensive to produce sweet crude from oil sands. By too expensive I mean more $100 a barrel. Sure, as peak oil makes itself more clear oil sands may indeed become a viable alternative, but only viable insofar as cheap will be redefined. The economy will still collapse and wars will still be fought over the remaining "cheap" oil supplies. Our current way of life is simply not sustainable.

      One hope I do have is for oil shale. Shell has come up with some new techniques to extract sweet crude from oil shale at a cost of about $30 a barrel! This would be absolutely fantastic and would give us at least another 30 years to deal with peak oil... not to mention the fact that the United States has the world's largest deposits of oil shale and it would give us a MASSIVE edge in the global conflicts that are likely to arise over the next few decades regarding oil.

    9. Re:It's not going to matter anyway... by spectrumCoder · · Score: 1

      I noticed that they didn't specify when they expected supplies to run out. I expect they've learnt from their mistakes. Fifty years ago, scientists said that the world's oil supplies would run out in fifty years time.

      Personally, I look forward to 'vital' resources running out because they would force social change for the better. Can you imagine a world without motor cars or computers?

      At any rate, expect to see huge amounts of money being spent on superconductor research once the supplies get scarce.

    10. Re:It's not going to matter anyway... by benjamindees · · Score: 1

      taking 1,000 cubic feet of natural gas for one barrel.

      That's still only, what, $15 per barrel? Added to the price of oil currently, it's a tough pill to swallow but not a huge increase.

      if someone can figure out an alternative mechanical or chemical solution

      NH4 is used because it is rich in Hydrogen. To find a substitute means finding an economical way to produce Hydrogen. If anyone did that we could give up on oil shale completely as we'd have better, distributed, renewable sources of energy.

      --
      "I assumed blithely that there were no elves out there in the darkness"
    11. Re:It's not going to matter anyway... by benjamindees · · Score: 1

      Of course that should have been CH4. Ammonium is not natural gas.

      --
      "I assumed blithely that there were no elves out there in the darkness"
    12. Re:It's not going to matter anyway... by Anonymous Coward · · Score: 0
      One hope I do have is for oil shale. Shell has come up with some new techniques to extract sweet crude from oil shale at a cost of about $30 a barrel! This would be absolutely fantastic and would give us at least another 30 years to deal with peak oil... not to mention the fact that the United States has the world's largest deposits of oil shale and it would give us a MASSIVE edge in the global conflicts that are likely to arise over the next few decades regarding oil.

      This reminds me of the times in Civ 3 when I fight a war to get a resource (usually oil) only to find that by the time I've taken the area, the oil has been depleted only to pop up somewhere in territory that I already hold.

    13. Re:It's not going to matter anyway... by winwar · · Score: 1

      And don't forget the large amounts of water needed.

      Alberta sands and fusion power are in similar boats. Energy of the future and always will be. :)

    14. Re:It's not going to matter anyway... by qray · · Score: 1

      Thanks for some hard numbers. In the end, any resource will run out. The key is to buy us enough time that we gain enough technologically that we are able to utilize alternative power sources. I'm not sure that's going to happen in the next 5 or 10 years. Maybe more like 50 or 100 years. Also there's the issue that many products utilize petroleum as an ingredient. I imagine that's a fairly small percent of the use of petroleum, but if supplies run short we will probably still need some for non-power related uses.

      We need well directed research into alternatives. I fear that dumping tons of money in a sky is falling mentallity will just waste resources and time. It would great to see a concernted effort by all nations to pool research and resources and look into alternatives.
      --
      Q

    15. Re:It's not going to matter anyway... by ThinkFr33ly · · Score: 1

      Unfourtunalty the "sky is falling mentallity" may be an accurate one. There are few, if any, geologists who think that we won't peak for 50 or 100 years.

      This is a problem we will be faced with not only within our lifetime, but also likely within the lifetime of our current automobile. If 10 years from now we still haven't peaked I will be extremely surprised.

      Again, at this point, my only hope is for the oil shale technologies to pan out. That, or some kind of major break through in fusion.

  6. Past peak copper by Anonymous Coward · · Score: 4, Funny

    I urge everyone to see Stephen Gaghan's: Copperica, about the global reach, power structures and conspiracy of the copper elite. People die everyday over Cat5e.

    1. Re:Past peak copper by eyebits · · Score: 1

      Is this a joke or is there actually a movie "Copperica"? There is no IMDB reference. And, Stephen Gaghan did American Gothic, The Practice, Sleepwalkers, etc. So, it seems to be a bit out of his domain. If there is a real documentary/movie, please provide some details.

    2. Re:Past peak copper by Anonymous Coward · · Score: 0

      It's a joke; go watch "Syriana".

    3. Re:Past peak copper by bobcave · · Score: 1

      This might be a reach, but I *think* it might be a goof on/reference to 'Syriana'.


      --
      There is no such thing as 'chocohol' or 'workahol'.
    4. Re:Past peak copper by eyebits · · Score: 1

      I figured it had to be a joke, but it was offered so dead-pan that I wasn't sure. Plus, at the time I posted the reply the submission had been modded "informative." Thanks.

    5. Re:Past peak copper by Valdrax · · Score: 1

      People die everyday over Cat5e.

      *cough*

      Maybe you should read more about the coltan trade before you laugh off people dying for metals used in high-tech goods. Tantalum is widely used in electrolytic capacitors, and illegal trade in it has helped fuel warlords in the Democratic Republic of Congo back before a ceasefire was brokered in 2003.

      Fortunately, a lot of companies did what was right and boycotted the trade during the war, but the native people today are still being exploited to mine the material (and many other precious minerals) with little material benefit to themselves and their families.

      --
      If it's for-profit but free, you're not the customer -- you're the product (e.g., the Slashdot Beta's "audience").
  7. Time for a tech revolution by levik · · Score: 2, Funny

    Hamster computing, here we come!

    --
    Ñ'
    1. Re:Time for a tech revolution by Massacrifice · · Score: 1

      I can't wait to wrap my new computhamster in duct-tape!

      Hamster Bater!

      --
      -- Home is where you eat your heart out.
  8. Mr. President, we must not allow... by Yahweh+Doesn't+Exist · · Score: 4, Funny

    ...a copper gap!

    1. Re:Mr. President, we must not allow... by Anonymous Coward · · Score: 0

      Don't say that. His solution will probably be to melt down the Statue of Liberty. After all, it's "just a statue".

    2. Re:Mr. President, we must not allow... by Crazy+Man+on+Fire · · Score: 1

      Not only that, but it was made by the French

    3. Re:Mr. President, we must not allow... by Anonymous Coward · · Score: 0

      REF: Dr. Strangelove

      General "Buck" Turgidson: Mr. President, we cannot allow a mineshaft gap!

    4. Re:Mr. President, we must not allow... by DarthVain · · Score: 1

      Mr. President,
          Our most recent intelligence reports here:
                http://www.indexmundi.com/en/commodities/minerals/ copper/copper_t20.html
          erm... I mean here:
                http://www.cia.gov/cia/publications/factbook/geos/ ci.html
          CLEARLY indicate that Augusto PINOCHET left WMD's laying around (you know before he left/exiled)as he wasn't a very nice person. I recommend that we invade post haste to prevent these WMD's from falling into terrorist hands. Of course we will be doing the entire WORLD a HUGE favor in doing so, and thus it would be justified if we help the pooor Chilies "Restructure" their economy, it will probably smooth the transitional process if we get some good wholesom USA companies like Haliburton behind the rebuilding process, you know, to help. Of course they will need to make a profit, as that is the American way right?

      So its all set right? We'll go get those WMD right away! Oh your at the ranch that weekend, how about July 17? No thats your Vacation time isn't it....Hmmm Septemberish? Good! USA HO!

  9. Asteroid Mining! by ToastyKen · · Score: 2, Funny

    This is what asteroid mining is for! :)

    1. Re:Asteroid Mining! by OS24Ever · · Score: 1

      Shipping is a bitch though.

      Plus after a few days of working all the miners would be going dum...duh..dum..duh..dum.duh...dum.duh...

      peew peew peew duh dum duh dum.

      and the occasional ufo that pops out and shoot at you isn't much fun.

      --

      As a rock-in-roll Physicist once said, No matter where you go, there you are.

    2. Re:Asteroid Mining! by AKAImBatman · · Score: 0, Offtopic

      Hilarious! Mod parent up. :-)

    3. Re:Asteroid Mining! by Anonymous Coward · · Score: 0

      I don't think the moderators get the joke. How sad. :-(

    4. Re:Asteroid Mining! by bobs666 · · Score: 1

      This (parent) has got to be moded up.

      If you don't get it ask an older geek.

  10. Not Enough? by CrimsonAvenger · · Score: 5, Interesting
    Canada, Mexico and the US average 170kg of copper use per person, and the most generous estimates suggest that only 1.6 billion unused metric tons exist. More reclamation and use of fiber, wireless, and PVC helps - but won't be enough to cover the billions of people who don't yet live in highly wired/mechanized societies."

    Seems to me that at 170Kg a head, 1.6 billion tons is enough to support 9.6 billion people. At the standards to which we in North America have become accustomed. So, where exactly is the shortage?

    --

    "I do not agree with what you say, but I will defend to the death your right to say it"
    1. Re:Not Enough? by Anonymous Coward · · Score: 0

      You do realize we have 6.4 billion people, correct? The "philosophy" of our society is to build more, generate more wealth, and consume more and more in general.

    2. Re:Not Enough? by AlaskanUnderachiever · · Score: 2, Informative
      To quote the article:

      "Multiply that by overall population estimates of 10 billion people by 2100 and the world will require 1.7 billion metric tons of copper by that date--more than even the most generous estimate of available resources."

      --
      Find out about my new childrens book: SS Death Camp Criminal Batallion Go To Monte Carlo For The Massacre
    3. Re:Not Enough? by confusion+here · · Score: 1

      Nearly a hundred years from now?

      You can expect to see very advanced optical computing long before then, which should negate the need for copper in non-power applications.

    4. Re:Not Enough? by dgatwood · · Score: 2, Insightful
      That's the amount of -unused- copper. That means we could increase our planet's population by half again more than its current population (a factor of 2.5) and still have enough copper for all the added people to have U.S. levels of copper.

      And remember, we're moving away from a copper society, not towards it. With broadband technologies and cell phones these days, the need for copper as a medium for information transmission is quickly waning. A developing nation trying to modernize might very well skip all the copper (with the exception of power) and go straight to wireless technologies.

      Thus, my gut says that the current level probably won't run out until we have at least 20-25 billion people on the planet. By that time, we will probably have much more important things to worry about---like being able to produce enough food and power, being able to purify enough water, and in general, having enough space for that many more people to inhabit without being packed in like sardines... not to mention that the sun will probably be on its last leg by then....

      You get the idea.

      --

      Check out my sci-fi/humor trilogy at PatriotsBooks.

    5. Re:Not Enough? by hjf · · Score: 0

      your reasonment is very simplistic. you are forgetting the recycling. and not your own waste recycling, but big recycling projects. For example in my city they replaced all power wires with newer ones, sheathed and braided cable. you think they threw away all the older cables? Hell no. Quick math, my city is about 80x40 blocks, thats 3200 blocks, and as each face is wired thats 3200x4= 12800 faces, each 100 meters=1.280.000 (1280km). 3-phase + return=1280x4=5.120km of wire. you think they will just throw away that amount of wire at the local landfill?

    6. Re:Not Enough? by Carthag · · Score: 1

      Also the 1.6 billion tons figure is what is available, *unused*, at the moment, whereas the 1.7 billion tons figure is what would be required, *total*. We probably use a bit more than 0.1 billion tons currently.

    7. Re:Not Enough? by Fulcrum+of+Evil · · Score: 1

      Quoted: "Multiply that by overall population estimates of 10 billion people by 2100 and the world will require 1.7 billion metric tons of copper by that date--more than even the most generous estimate of available resources."

      Don't they keep revising the population estimates down? Turns out, as a culture gets more urban, the birth rate drops.

      --
      "We returned the General to El Salvador, or maybe Guatemala, it's difficult to tell from 10,000 feet"
    8. Re:Not Enough? by prgrmr · · Score: 1

      The UN Population preditions (PDF alert) project 9.22 billion by 2100. The .78 billion is less than 10 but still enough of a fudge to significantly bias the article toward the author's FUD-driven perspective.

    9. Re:Not Enough? by PantsWearer · · Score: 1
      Nearly a hundred years from now?

      Yep, and the machine gun prevented war because it was too horrible for men to use and I've got a flying car parked in my driveway.

      More seriously, if you look at the amount of copper used in computing devices, you'll find that it's nothing in comparison to running a huge strand of copper wire to get power to those devices. I'd love to believe that we'll all have nice, cheap, superconducting power distribution by the 22nd century, but it's been thirty years away for the last fifty years or so right along with the fusion-based power that was supposed to be transported by it.

      --
      Be glad life is unfair, otherwise we'd deserve all this.
    10. Re:Not Enough? by Anonymous Coward · · Score: 0

      We may be moving away from copper for long-distance wiring, but that's being replaced with copper in other places. Copper interconnects in ICs (not that much of a demand contributor), copper heatsinking as IC energy densities increase (big contributor), etc.

      Also, despite the explosion in wireless technologies, wired will always be ahead. Many of the advances in signal processing, modulation techniques, and so on apply equally as well to wired communications as to wireless communications.

      Look at 802.11 wireless vs. 802.3 Ethernet. Around the time 802.11b became commonly available at 11 Mbps signalling rate (actual throughput being much lower than that, well below 50% in most situations), 100 Mbps Ethernet was essentially the wired standard - almost no one made 10m-only wired equipment any more. Those 100 Mbps connections also achieved much higher real-world throughput (80-90%) especially on switched topology networks. (Switches became dirt cheap). Even on shared hubs, wired Ethernet had much higher throughput than wireless due to a better multiple access scheme. (Carrier sensing during transmit could be done on wired channels, but is nearly impossible in single-channel wireless system.)

      Now that 802.11 has reached 54 Mbps signalling rate in standardized equipment and 108Mbps in commonly available equipment on a shared channel with 50-60% real-world throughput, ethernet has reached 1 Gbps in commonly available equipment (almost all new motherboards have onboard gigabit Ethernet, switches are lagging a bit behind but not by much). Like its 100 Mbit predecessor, gigabit Ethernet achieves very high real-world throughputs.

      Note that 108 Mbit extensions to 802.11 almost all involve using multiple channels, which makes channel/interference management problems much worse. There are already many problems with use of 11b and 11g in crowded areas.

      Wireless is growing rapidly, but in many cases it is growing into new niches rather than replacing wired connections. Wired connections aren't going anywhere anytime soon and likely never will.

    11. Re:Not Enough? by NewWorldDan · · Score: 1

      In any event, all we need to do is sit back and wait for the bird flu to solve a lot of problems. For the survivors anyway. If we can get the world popualtion down to a billion or so, just think how much copper and oil will be available per person.

    12. Re:Not Enough? by nappingcracker · · Score: 1

      So, where exactly is the shortage?

      The space program! Cancel it! All of them!

      How much copper does NASA and ESA throw into space? More than I have!

      Wasteful bastards, thowing our earthly materials AND my virtual money away into the void.

      Sheesh, I hear they throw away gold too. GOLD people, as in "Yeeehaaaw! Gold!".

      Idiots!

      --
      |plastic....or gasoline?|
    13. Re:Not Enough? by YoinkSimpson · · Score: 1

      Or better yet, stop using pennies altogether.

      Inflation for the last 50 years has seriously diluted their value and I, for one, would be quite happy not using them at all. For now, when I get pennies in my change, I just leave them on the counter for someone else to use as needed.

      Eliminating this unneeded currency would surely slow the onset of, if not eliminate, any future copper deficit.

    14. Re:Not Enough? by dgatwood · · Score: 2, Informative
      You're thinking way too narrowly. You are correct that the performance of a LAN with a direct physical connection (copper or otherwise) will exceed the speed of a wireless LAN for the foreseeable future, if only because wireless LANs are, by nature, shared, while a wired LAN is switched and thus every node can talk without collision, bandwidth permitting. Cell phones have the same problem to some extent, which is one issue that limits the ability of cell phones to be viable high speed data providers (though they're getting better at it).

      However, I'm not really talking about wireless connectivity as a replacement for LANs. I'm referring to point-to-point wireless connectivity as a replacement for wide area distribution systems like your phone line.

      Today, I can get wireless T1 speed connectivity with a rooftop antenna here in the South Bay. It's more expensive than DSL, but it exists. If your area doesn't have DSL, it becomes a very viable alternative. If your area doesn't have phone lines and everyone uses a cell phone instead, the popularity of the technology would likely bring the price down sufficiently that building a wired infrastructure for the sole purpose of running DSL connections would be seen as a waste of money.

      There are also alternatives to copper for hardwired data connectivity. In small WANs, copper is quickly going the way of the dodo in favor of fiber. Above a few hundred feet, speed limitations make copper impractical. (Gigabit Ethernet is limited to 100 meter runs.) Since fiber is already being used in people's homes for audio in their entertainment centers, it isn't much of a stretch to expect that a developing nation would push for fiber switches for LANs as well.

      In fact, I'd go so far as to say that the only reason copper is still used at all in LANs is that it is already an established part of the infrastructure of most buildings. (That, and cost, but again, cost is only a factor because the technology isn't being deployed broadly, owing in large part to the preexisting copper.)

      As for copper heat sinks, there are plenty of alternatives. Water cooling is starting to become popular, as it produces less noise than an air-cooled heat sink. Water cooling is almost a requirement for some higher density chips due to the general inability to distribute the heat evenly enough inside the chip for a heat sink to work effectively. Copper heat sinks are a temporary workaround to a much bigger problem....

      About the only place that copper can't reasonably be replaced by something better at a similar price point is the bottom of cooking pans.... :-)

      --

      Check out my sci-fi/humor trilogy at PatriotsBooks.

    15. Re:Not Enough? by Guppy06 · · Score: 1

      "How much copper does NASA and ESA throw into space?"

      Far, far less than there is for the taking in the asteroid belt.

    16. Re:Not Enough? by Guysmiley777 · · Score: 2, Informative

      not to mention that the sun will probably be on its last leg by then....

      I find your faith in our civilization... disturbing. The Sun's got about 4.5 - 5 billion more years till red giant shenanigans. I have no doubt society as we know it will be wiped out one way or another long before then. But still, I'm sure humans will make a good run.

      --
      Coding with assembly is like playing with Legos. Coding an application in assembly is like building a car with Legos.
    17. Re:Not Enough? by TheRaven64 · · Score: 1

      The power lines going to my house are the ones laid when the house was build decades ago. The data lines going to my house are (very, very) slowly being replaced with fibre, which is made of one of the most common elements in the Earth's crust. When I moved into my last house, I laid Cat-5e everywhere. When I moved into this house I just used wireless. In my last house I had a telephone line, in this house I just use a mobile (although I do still have a wire for Internet access). My last computers were all desktops with a number of (copper PCB) expansion cards. My current computers is a laptop with a single, smaller copper PCB. I think copper usage per person has gone down a bit in the last few years...

      --
      I am TheRaven on Soylent News
    18. Re:Not Enough? by swillden · · Score: 1

      Around the time 802.11b became commonly available at 11 Mbps signalling rate (actual throughput being much lower than that, well below 50% in most situations), 100 Mbps Ethernet was essentially the wired standard - almost no one made 10m-only wired equipment any more. Those 100 Mbps connections also achieved much higher real-world throughput (80-90%) especially on switched topology networks.

      Absolutely. Everyone is talking about wireless networking, but after giving it a shot, my home network is (almost) all wired. I have an 802.11g AP, but that's only so my laptops can roam. Even for the laptops, when I need to move significant amounts of data (e.g. video), I plug in.

      If you think WiFi holds a candle to wired speeds, do some testing. If you're using Linux (or Unix), it's easy to measure your throughput accurately, without getting thrown off by non-network bottlenecks. The way I do it is to run:

      sdd -t if=/dev/zero bs=1M count=100 | nc 10.0.1.3 6000

      On one machine and:

      nc -p 6000 -l > /dev/null

      on another (on 10.0.1.3, of course). This just sends 100MB of zeros across the connection. CPU utilization on both machines ends up being basically zero, and there's no I/O involved other than the network packets, so the only limitation is the network. I've experimented with using UDP instead of TCP to eliminate handshaking delays, but I think the TCP numbers are more interesting, since I rarely use UDP.

      With 802.11b, the fastest speed I've ever measured was about 730 KBps, which is only 54% of the theoretical limit. That's with a clear channel, and only two wireless devices: My laptop and the AP/router (the other box was on a wired connection to the router). 802.11g seems to be a little bit worse, topping out at around 3000 KBps, about 46% of theoretical. This is all with no WEP or WPA to slow things down, and the numbers are pretty consistent across the three different APs and two laptops I've tried.

      It gets even worse, when you are transferring data between two machines that are both on WiFi, since the packets have to transmitted over the air twice. I only get about 480 KBps with 802.11b, which is 35% efficiency.

      With 100-BaseT, on the other hand, I get transfer rates of about 11,300 KBps, which is 93% of theoretical. Most people would expect that 100-BaseT would be almost twice as fast as 54Mb 802.11g... but in fact it's nearly *four* times as fast in practice (and that's without WEP!).

      The Gig-E adapters and switch I have don't seem to be quite as efficient as 100-BaseT, but they still kick WiFi's butt in terms of efficiency, not to mention having a theoretical max that's 20-100 times higher. I get about 88,000 KBps on Gig-E (through a cheap switch), which is 72% of the theoretical max and, of course 29 times faster than 54g and a whopping 120 times faster than 802.11b. I expect it to get better with newer equipment, too.

      10 gigabit ethernet is on the (consumer) horizon as well, though I don't have a use for it (yet), as my hard drives can't even shovel bits fast enough to fill up the Gig-E pipe.

      At least for my usage, which is heavy on big files like DV, VMWare system images, etc., there's simply no comparison between wired and wireless.

      --
      Note to ACs: I usually delete AC replies without reading them. If you want to talk to me, log in.
    19. Re:Not Enough? by Anonymous Coward · · Score: 0

      Can you please give me 100000000 pennies, you rich person you?

      Do you really think anyone will round off prices in -your- favor? Ha!

      Do you really think anyone will let you buy -anything- even a penny short (when if there are no pennies in circulation)? Ha!

      Do you really think inflation won't increase without `pocket change' to stop it? Look at pretty much all countries that got rid of their pennies, and you'll see that inflation jumped quite a bit after the elimination of low currency.

    20. Re:Not Enough? by lgw · · Score: 1

      I suspect the total mass of copper used for information transfer is small compared to the mass of copper used for power delivery. Of course, we could always switch to wireless power delivery too!

      --
      Socialism: a lie told by totalitarians and believed by fools.
    21. Re:Not Enough? by geekoid · · Score: 1

      "The Sun's got about 4.5 - 5 billion more years till red giant shenanigans."
      ah. You haven't seen the memo?

      --
      The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
    22. Re:Not Enough? by zippthorne · · Score: 2, Informative

      Pennies are mostly zinc.

      --
      Can you be Even More Awesome?!
    23. Re:Not Enough? by jasonditz · · Score: 1

      Exactly, there are already companies exploring the notion of asteroid mining: there's no good reason to imagine that out resource limits in the far-flung future (lets face facts, Eritrea isn't going to become a modern, western copper needing society overnight) are solely the terrestrial supply.

      We've got 9 planets people... and a lot of moons... and an asteroid belt... and the stray comet... we're not going to run out of elemental copper.

    24. Re:Not Enough? by dgatwood · · Score: 1
      High tension lines are almost exclusively aluminum. The lines on your power poles probably are as well. So the question becomes whether the power wires inside your home itself (fairly small gauge) and attached to your appliances exceed all of those huge bundles of telephone lines from the phone company all the way to the houses. I'm guessing probably not, at least for towns of a non-trivial size....

      --

      Check out my sci-fi/humor trilogy at PatriotsBooks.

    25. Re:Not Enough? by 10Ghz · · Score: 1
      And remember, we're moving away from a copper society, not towards it.


      We are? Sure, we could replace CAT5 with WLAN. We could replace cables with fiber. And we could use cell-phones instead. But those are only the tip of the iceberg when copper-usage in concerned!
      --
      Lesbian Nazi Hookers Abducted by UFOs and Forced Into Weight Loss Programs - -all next week on Town Talk.
    26. Re:Not Enough? by lgw · · Score: 1

      High tension lines are basically all aluminum, but the telephone lines occupying the same place in the infrastructure are basically all glass. It's only the "final mile" that's copper any more, and that's basically 2 or 4 narrow-gauge wires per house. The telephone cabes are thick only because the service so many houses. Of course, even very thin wire adds up over a mile!

      However, related to the topic of this thread, it's pretty silly going forward to run copper to anyone's house for telecom purposes. If not for simple inertial, we'd be doing fiber to the home on all new installations.

      Power, however, still uses a lot of copper. It may be aluminum down to the transformer, but AFAIK the transformer itself uses hundreds of pounds of copper, and it's copper from there to the wall, as the conductivity of copper is important once the voltage is brought down to 120V-from-ground three phase.

      Of course, all electrical wiring could be done with aluminum if copper became scarce, without that much loss (I used to live in a house with all aluminum wiring), so TFA is a farce to begin with.

      --
      Socialism: a lie told by totalitarians and believed by fools.
    27. Re:Not Enough? by dgatwood · · Score: 1
      I realize that long haul links for telephone are fiber. The copper "last mile" for telephone is a lot more than a mile, though. DSL is much more expensive to set up over fiber, so most phone companies won't set up DSL if there is any fiber between the CO and your house. Thus, at least right now, generally it's copper from the CO all the way to your house. The power line is probably only copper for 50 feet from the pole outside your house, and maybe not even that.

      Now in the long term, more of those local hops will be fiber, too. Some telcos are already rolling out fiber to the curb. It isn't prevalent yet, though.

      --

      Check out my sci-fi/humor trilogy at PatriotsBooks.

    28. Re:Not Enough? by dgatwood · · Score: 1
      Okay, let's go through the major copper uses.

      Cookware (rolls eyes)
      Telephone (being replaced by fiber and/or cellular)
      Networking (replaceable with fiber and/or point-to-point wireless)
      Power (already mostly replaced by aluminum except inside your house)
      In various kinds of steel (can usually be replaced by other metals)
      Circuit board manufacturing (can easily be replaced by aluminum, silver, gold)
      Chip manufacturing (very small quantities)
      Cable TV (can be replaced by satellite)
      Various wires/cables around your house (can be replaced by aluminum, silver)

      What other significant uses am I missing?

      --

      Check out my sci-fi/humor trilogy at PatriotsBooks.

    29. Re:Not Enough? by Anonymous Coward · · Score: 0

      Then we won't see $19.99 on the price tag but $20.01

  11. Space Mining? by AKAImBatman · · Score: 3, Insightful

    So anyone know any good asteroids that are rich in copper? ;-)

    More realistically, I imagine that we'll move to other materials. Data lines don't need to use copper, but they do so because it's common and inexpensive. If the price of copper goes up, you might see fiber optics come down in price.

    Same with power transmission lines. There's nothing stopping them from using Aluminum if copper becomes too expensive.

    My guess, however, is that more emphasis will be placed on recycling copper. The price will rise some, pushing out the uses where it isn't needed. The remaining uses will continue to use copper supplied heavily by the recycling centers.

    1. Re:Space Mining? by Ironsides · · Score: 1

      Same with power transmission lines. There's nothing stopping them from using Aluminum if copper becomes too expensive.

      Actually, I get the feeling that copper will stay in transmission lines, over aluminum. CAT5 will probably loose copper first. Aluminum isn't anywhere near as efficient at transmitting electricity as copper is. The difference is at least 20%, probably more. Although I think they would love to put in superconductors if they become cheap enough.

      As to your main point, yeah, we need space mining at some point.

      --
      Fly me to the moon Let me sing among those stars Let me see what spring is like On jupiter and mars
    2. Re:Space Mining? by hypnagogue · · Score: 1
      Same with power transmission lines. There's nothing stopping them from using Aluminum if copper becomes too expensive.
      AlreadyBeenDone, but not because of price -- copper is too heavy and not strong enough to be used for power transmission lines.
      --
      Liberty you never use is liberty you lose.
    3. Re:Space Mining? by Anonymous Coward · · Score: 0

      That's why you bump up the voltages. All long distance power lines are aluminum, with voltages near and over 500,000V.

    4. Re:Space Mining? by exi1ed0ne · · Score: 1

      Copper is an efficient conductor of electricity. Power companies will switch materials when the cost of the power transmission waste is less than the cost of the component used as the conductor.

      I personally don't ever see that happening, since the fuel to generate that electricity is also going up in price. Environmental regulation and government taxes (permits, fees, etc.) are causing all mining products prices to go up. Fuel costs are hitting mining operations pretty hard as well.

      Oh, and the rampant monetary inflation that the US undertaking right now to head off a credit crunch. Since commodities are generally priced in dollars, increased commodity prices can also indicate a slide in purchasing power for the US.

      Bottom line is that there are many, many reasons for the current price increases. Scarcity isn't generally one of them.

      --
      Pessimists.net - as if life wasn't depressing enough.
    5. Re:Space Mining? by choprboy · · Score: 1

      Same with power transmission lines. There's nothing stopping them from using Aluminum if copper becomes too expensive.

      Actually... Most power transmission lines are already aluminum or copper clad steel. Most secondary transmission lines (i.e. those running down your street) are also aluminum, and have been for some time. Add to that, roughly half of new construction "service feeders" (the line from the pole to your meter) are aluminum... But aluminum and copper wire are not simply interchangable for 2 separate reasons. First, aluminum has a much higher resistance and you must therefore use a large conductor to carry the same amperage. A typical (NEC2000 310.15.B6) 200amp residential feeder requires a 2/0 copper conductor. The exact same feeder requires 4/0 aluminum, a wire 26% larger in diameter that uses 59% more material. In addition to the physical conductors, that also means a larger conduit and termination points are required (going from 2" to 3" conduit is a considerable cost). Second, aluminum has a much larger thermal expansion coefficent and increased cold flow. That means that, unlike copper, aluminum tends to deform under screw/etc. terminations, comes loose, causes an increased resistance, and creates electrical/fire hazards. Aluminum wiring used for building wiring (i.e. outlet to outlet), which is primarily copper today, is far more difficult to correctly run in aluminum.

    6. Re:Space Mining? by level_headed_midwest · · Score: 1

      What about aluminum? A lot of copper goes into home wiring and that could all be replaced with aluminum pretty easily. 1/8 of the mass of about any soil you happen to dig up is aluminum oxide. Or you could even use iron or steel in wires, but it would not be nearly as easy to handle as Al or Cu (heavier and stiffer). But it would work just fine once it was installed.

      Heck, if metals got THAT scarce, you could use plastic pipes filled with brine, weak acids, or anything that dissolves well in water and yields ions in solution to transmit electricity. You'd just have a metal electrode at one point in the pipe to touch the liquid and you have a "wire."

      --
      Just "gittin-r-done," day after day.
    7. Re:Space Mining? by AKAImBatman · · Score: 1

      GP: Same with power transmission lines. There's nothing stopping them from using Aluminum if copper becomes too expensive.

      P: What about aluminum?

      Me: Scratches head. *shrug*

    8. Re:Space Mining? by dpilot · · Score: 1

      While I like the idea of space mining, there's a far closer and easier to reach source - landfill mining. How many decades were we throwing junk out with no thoughts whatsoever to recycling? I submit that what we really need is a refinement process for landfill mining, some sort of automatic separator that we fill by the bucketload, and get stuff out that is separated at least to the extent that raw ore out of the ground is. Solve 2 problems at once.

      --
      The living have better things to do than to continue hating the dead.
    9. Re:Space Mining? by wytcld · · Score: 1

      It was trendy to use aluminum for residential wiring back in the 60s. That resulted in a lot of fires, because of the thermal expansion coefficient as you say. It can be hard to find insurance if you own one of those aluminum-wired homes.

      Guess that wouldn't be such a problem for cat5, but that's more likely to just be supplanted by wireless anyway.

      --
      "with their freedom lost all virtue lose" - Milton
    10. Re:Space Mining? by MS-06FZ · · Score: 1

      So anyone know any good asteroids that are rich in copper? ;-)

      Well, there's Axis, but they're kind of hard to deal with...

      --
      ---GEC
      I'm but the humble pupil, seeking to snatch the scratchbuilt pebble from the master's fully articulated hand
    11. Re:Space Mining? by AKAImBatman · · Score: 1

      Well, there's Axis, but they're kind of hard to deal with...

      Very funny. :-|

      Do you know that I just spent five minutes trying to look up an asteriod named Axis? *grumble* *grumble* ;-)

    12. Re:Space Mining? by Biogenesis · · Score: 1

      Actually, a lot of power lines in Australia *are* aluminium. A tree pulled them down in my street a year ago and it was 7-strand twisted Al, about 1in in diameter. The line they replaced it with is 4 cable insulated twist (3 phase + neutral in the one fat cable, much less ugly than the old 4 cables, less dangerous too if they come down again), that, again, was made of the same 7 strand Al.

    13. Re:Space Mining? by Anonymous Coward · · Score: 0

      AFAIK, transmission lines already use aluminium - it is a better conductor than copper *by mass*, though not by cross-section area. The cross-section area/volume of a transmission wire is not very important. The amount of aluminium required for a given electrical resistance (ie loss) costs far less than the required amount of copper. The reduced weight may be an advantage, too. Copper retins an advantage over copper where volume is important, and material fatigue. Aluminium has somewhat less predictable corrosion-resistance than copper, too.

      But hey - we're thinking about this far too hard - I mean, if we're running out of stuff we can just go send some astronauts up to space in really really big rockets, tether an asteroid to the mother ship (it will have to be another really really big rocket. Big big ropes, too), and then fire it back to earth. It can then land on a country we don't like before mining commences. They will be made to pay for the asteroid retrieval, too. It's a very expensive business, after all...

    14. Re:Space Mining? by Tablizer · · Score: 1

      So anyone know any good asteroids that are rich in copper?

      The one that will make the humans extinct is rumored to be high in copper.

  12. During the Manhattan Project... by gardyloo · · Score: 4, Interesting

    ... much of the equipment at Oak Ridge (perhaps at Hanford, too; I can't remember) had to be massively cooled. Normally one would use commoner metals to pipe things about in, but a lot of the copper in the US was bound up in important things like electrical wiring for warplanes, etc. So the Manhattan Project borrowed other things -- like silver -- from Fort Knox, and made things like pipes out of that, keeping careful track, of course, as to where it went. Fascinating stuff. Massive amounts of the wartime research depended on silver, even though it often directly involved in experiments.

    1. Re:During the Manhattan Project... by gardyloo · · Score: 2, Informative

      OK, so my facts needed some checking. Here's a link that should know whereof it speaks:

      ahref=http://www.lbl.gov/Science-Articles/Research -Review/Magazine/1981/81fepi2.htmlrel=url2html-276 97http://www.lbl.gov/Science-Articles/Research-Rev iew/Magazine/1981/81fepi2.html >

    2. Re:During the Manhattan Project... by Boricle · · Score: 1
  13. Who would have thought... by Anonymous Coward · · Score: 0

    in a society obsessed with consumption and materialism that we might actually deplete our natural resources...

    1. Re:Who would have thought... by Anonymous Coward · · Score: 0

      I agree, the Japanese are ruining it for the rest of us.

  14. simple solution by Khashishi · · Score: 2, Funny

    use Gold.

    oh wait...

    1. Re:simple solution by The+Philosophers+Cat · · Score: 1
      Or better, use glass.

      If the problem is Cat5e cables then we can stop worrying! Its clear that the trend is away from copper cables and towards fiber optics which have much higher bandwidths.

  15. Enough for 9.5 billion people! by Ossifer · · Score: 1

    ... and that at the (surely bloated) North American rate!

  16. A penny saved is copper earned by digitaldc · · Score: 4, Informative

    One solution is to stop using copper for pennies, this would save tons of copper for other uses.

    "The largest known Copper ore deposits in the world are in Chuquicamata in the Chilean Andes, and the largest deposit of native copper is in Michigan's Upper Peninsula."
    This is an interesting article about Copper. Apparently Copper is also released as pollution during the mining and refining process, possibly more could be saved if there were more efficient ways of extracting and refining the metal.
    One other solution is to go wireless.

    --
    He who knows best knows how little he knows. - Thomas Jefferson
    1. Re:A penny saved is copper earned by ad0gg · · Score: 1

      Penny's are zinc not copper.

      --

      Have you ever been to a turkish prison?

    2. Re:A penny saved is copper earned by digitaldc · · Score: 2, Informative

      Pennies are 97.5% Zinc and 2.5% Copper.

      --
      He who knows best knows how little he knows. - Thomas Jefferson
    3. Re:A penny saved is copper earned by Bimo_Dude · · Score: 2, Informative

      We could also try to develop wireless with the transmission of power, like Nikola Tesla wanted to do (but, of course, JP Morgan and Westinghouse cut off his money when he told them he wanted to do this).

      --
      "Teleporting Rodents with D-Cell Battery Displacement" theory -- IgnoramusMaximus (692000)
    4. Re:A penny saved is copper earned by Anonymous Coward · · Score: 0

      Penny's are zinc...

      (Exploded version): Penny is are zinc... Sheesh it's not difficult, the plural of penny is pennies.

    5. Re:A penny saved is copper earned by ickpoo · · Score: 1

      This very nicely explains why there is almost no current mining of copper in the upper peninsula of Michigan. The mines there are all almost essentially shutdown.

      --
      I am not a script! .Sig?
    6. Re:A penny saved is copper earned by Tumbleweed · · Score: 1

      Yeah, I'm sure we'd see no ill health effects from THAT.

    7. Re:A penny saved is copper earned by domj00 · · Score: 1

      Chile is indeed teeming with the stuff. A little over a year ago I met a guy near Salar Grande (quite a bit north of Chuquicamata) that was literally carting ore in a wheelbarrow. You can find abandoned pits all over the place, they have stacked piles of rocks of various shades of green (sometimes bluish too). It's hard to imagine this debris being an essential and dwindling resource.

    8. Re:A penny saved is copper earned by Black.Shuck · · Score: 1

      One other solution is to go wireless.

      Wireless plumbing? At last, I feel like I'm living in the 2000's!

    9. Re:A penny saved is copper earned by cdrudge · · Score: 1

      Current building techniques, at least here in my parts, use PVC (or some other type of plastic) for almost all plumbing. Cheaper, easier to work with, continuous runs, etc. What's there not to like about it?

    10. Re:A penny saved is copper earned by Zaatxe · · Score: 1

      I was going to say that here in Europe we could be wasting copper with 1, 2 and 5 cents coins, but I just found out they are made of steel with a copper cover. Anyway, if we are spared of this copper-shortage-that-could-end-the-world-as-we-kno w, we will have to thank also to Finland and The Netherlands that decided to round cash transactions to the nearest 5-cent amount, therefore having no use for 1 and 2 cents coins.

      --
      So say we all
    11. Re:A penny saved is copper earned by K8Fan · · Score: 1

      Plumbing is moving away from copper pipes. My brother is a master plumber, and most supply lines in both new and renovation plumbing in his work is a plastic tubing called "Pex". It still uses brass fittings for joints and valves, but compared to an all-copper home, only a small amount of copper is needed. Copper is still needed for air-conditioning systems.

      --
      "How perfectly Goddamn delightful it all is, to be sure" Charles Crumb
    12. Re:A penny saved is copper earned by jred · · Score: 1

      Why not stop using pennies altogether? Just round up to the nearest nickel.

      --

      jred
      I'm not a mechanic but I play one in my garage...
  17. Wireless by mac123 · · Score: 1

    I hear that this newfangled wireless stuff might just catch on...especially for the rural areas that are not yet wired.

    Might wireless result in a copper *surplus* as we all turn in our newly liberated copper wires?

    1. Re:Wireless by Anonymous Coward · · Score: 0

      Electricity?

    2. Re:Wireless by AKAImBatman · · Score: 1

      Wired still is, and always will be, faster, cheaper, and better than wireless communications. The problem with wireless is that the bands are limited. If you keep adding transmitters, everyone's signal quality will drop, eventually to the point of uselessness. On top of that, wireless has to account for a lot of signal noise that wired does not. This allows wired signals to run at much higher data rates than wireless.

      The reason why developing countries are starting with wireless is because:

      1. They don't have much of a pre-existing wireless setup to disrupt.
      2. It's cheaper than building a wired infrastructure.

      As these countries develop, I think you'll see them go from wireless to wired for much of their high-speed communications.

    3. Re:Wireless by ngsurfer · · Score: 1

      Although I also find this study a bit alarmist, you must understand that the use of copper is pervasive in modern life. While you give a valid example (mobile phones), there are many other instances where, given current technology, "building a wireless infrastructure" (as you put it) isn't possible (for instance, electricity transmission, plumbing, etc. )

    4. Re:Wireless by bombadillo · · Score: 1

      I hear that this newfangled wireless stuff might just catch on...especially for the rural areas that are not yet wired. Please tell me how one would acquire Wireless electricity, Mr. Tesla?

    5. Re:Wireless by Blastrogath · · Score: 1

      >Even power doesnt need long transmission lines: local generators, fuel cells.

      Actually, this isn't as much of an issue as you might think. Many power lines are aluminium already as the towers and lines are cheaper. Aluminium wire allows lighter and/or less towers: aluminium is lighter than copper so you can make lighter towers, and you can do longer runs of cable between towers because aluminium is far stronger than copper.

      --
      "The price good men pay for indifference to public affairs is to be ruled by evil men." -Plato
    6. Re:Wireless by zzz1357 · · Score: 1
      Wired still is, and always will be, faster, cheaper, and better than wireless communications.

      I see you don't anticipate mankind's future in space, where wired solutions would be slower (to deploy at least), more expensive (a wire cable to Mars?-not likeley), worse(perhaps you imagine asteroid mining colonies with telephone poles sticking out of them?).

      I think com lasers are definately the way to go, plus they could double as weapons in a pinch.

      --
      You can't add pianos and telephones.
    7. Re:Wireless by ngsurfer · · Score: 1

      Yes, innovation always benefits those who arrive late in that it allows them to skip steps. Your argument is much stronger than the wireless infrastructure one. But technologic growth comes in small steps. All it takes is the rate of growth of cooper consumption to be significantly greater than the rate of growth of valid alternatives to stress the World's copper supply.

    8. Re:Wireless by AKAImBatman · · Score: 1

      I see you don't anticipate mankind's future in space, where wired solutions would be slower (to deploy at least), more expensive (a wire cable to Mars?-not likeley), worse(perhaps you imagine asteroid mining colonies with telephone poles sticking out of them?).

      Actually, you'll again have the same type of situation. As soon as a local area has been settled, the infrastructure will slowly move from wireless to wired in order to accomidate higher transmission rates as well as free up the local wireless bandwidth.

      I think com lasers are definately the way to go,

      Lasers are another form of fixed installation, a bit like wired. They'll be great for some long distance interlinks, but they probably won't replace wired on a local level.

      plus they could double as weapons in a pinch.

      I'm sure you're modifying your laser pointer as we speak.

    9. Re:Wireless by colinrichardday · · Score: 1

      Just build some big Tesla coils out in the country? Or use other metals (presumably not as electroconductive) for the big wiring?

    10. Re:Wireless by TheRaven64 · · Score: 1
      Wired still is, and always will be, faster, cheaper, and better than wireless communications

      Faster is probably true. Better is subjective. Cheaper, however, I take issue with. I can get a wireless connection from my university campus a mile or so away with £100 of equipment. How much would it cost to lay a mile of cable? Setting up a 3G mobile 'phone tower gives everyone connectivity at the slow end of the DSL landscape. How much more expensive is it to lay DSL lines to everyone in the coverage area? Oh, and don't tell me that wired is a one-off cost. I've been in 'future proof' office buildings where network cable was laid into every room (maximum speed 10Mb/s) and seen them digging up the copper from the roads to replace it with higher capacity fibre.

      --
      I am TheRaven on Soylent News
  18. Pennies by Moby+Cock · · Score: 0, Redundant

    We should make pennies out of nickel and iron. All copper pennies should be returned to banks for redistribution.

    Hell, maybe we should get rid of pennies anyway when paying in cash. Electronic transactions should be denominated using pennies (single cents) but cash has to round to the nearest nickel.

  19. Wireless by CountBrass · · Score: 1
    Subject says it all. Developing countries are doing this already, skipping the wired stage for some of their infrastructure and skipping straight to wireless: phones is the most wide spread example.

    So I'm not sure what value there is in going "OMG it took two gagillion tons of copper to get us where we are today" and multiply that by everyone else and come up with a meaningless number. Even power doesnt need long transmission lines: local generators, fuel cells.

    Really I see no problem. Did these "researchers" by lots of copper stock recently?

    --
    Bad analogies are like waxing a monkey with a rainbow.
  20. Kennecott Copper Mine in Utah by cyanics · · Score: 3, Interesting

    It is the worlds largest man made hole in the ground, and one of the few man made wonders that is visible from space.

    http://www.utah.com/attractions/kennecott.htm

    they actually produce 15% of the countries copper annually. But I have been hearing that the mine is basically tapped (at least the current mine) And that they will be starting a new mine a little futher back in the Oquirr mountains in order the meet the needs of the country.

    Interestingly enough, they also produce a significant portion of the countries Uranium, Iron, and other precious metals. But i can see how we could eventually run out of resources. Hence them being natural resources. Luckily, since copper is a natually occuring element, it should be more abundant at deeper sub-terrain.

    1. Re:Kennecott Copper Mine in Utah by seven+of+five · · Score: 1

      one of the few man made wonders that is visible from space.

      using google earth, the roof of my house is visible from space....

    2. Re:Kennecott Copper Mine in Utah by Anonymous Coward · · Score: 0

      Try the link to the mine itself: http://www.kennecott.com/

      Comes up with a directory listing.

      Ouch!

    3. Re:Kennecott Copper Mine in Utah by jsight · · Score: 3, Insightful

      Are you sure the Google earth pictures of your house weren't from an airplane?

    4. Re:Kennecott Copper Mine in Utah by fafalone · · Score: 1

      While the mine is indeed very impressive, it's only one of MANY man-made objects visible from space.

    5. Re:Kennecott Copper Mine in Utah by Anonymous Coward · · Score: 0
    6. Re:Kennecott Copper Mine in Utah by Anonymous Coward · · Score: 0

      I live within a few miles of the Utah mine. It is the world's largest man made excavation (an open pit mine almost 2 1/2 miles across and 3/4 mile deep) and it is unreasonable to dig deeper. There is a large ore body which extends a few thousand feet below the existing mine that would require underground mining techniques to recover, which may not be economically feasible. Kennecott has already announced the end of open-pit mining within a very few years (about 2012) and has begun developing its land holdings, which acted as a buffer zone around the mine operations, as real estate. Those land holdings are in excess of 100 square miles on the west side of the Salt Lake Valley.

    7. Re:Kennecott Copper Mine in Utah by Damvan · · Score: 1

      I think it is kind of sad that the State of Utah's official state tourism site lists a copper mine as one of the state's attractions? Is Utah really that boring?

    8. Re:Kennecott Copper Mine in Utah by fishybell · · Score: 1
      While Kennecott might be boring to you, so might skiing, mountain biking, hiking, fishing, etc. be boring to others.

      Utah has a lot to offer to outdoorsy type people, but not much to offer to the less active. So the couch potatoes will just have to visit the copper mine (or dozens of closed silver mines that also attract touristas).

      --
      ><));>
    9. Re:Kennecott Copper Mine in Utah by khallow · · Score: 1

      Why not? A copper mine unlike a lot of tourist attractions can be quite an active place. Further, mines such at these are just amazing places to see and study. If you can get a chance to visit such a mine, I think it would be rewarding.

  21. New Development by jeffy210 · · Score: 1

    "but won't be enough to cover the billions of people who don't yet live in highly wired/mechanized societies.
     
    This statement contradicts itself with an earlier statement. Developing nations will skip some of the copper uses that are deployed today, just like more developing nations use cell phones rather than land lines. New pipes will be PVC, new data roll outs will use fiber, alternate methods will be found. Seriously this sounds like FUD to me.

    --
    ------
    "And may your days be long upon the earth."
  22. Economics by ka9dgx · · Score: 1
    Using copper instead of some other metal is a choice in many applications. The use of alternatives will be more attractive as the price goes up. If I had to pick one thing to stop expansion of the economy worldwide, it would be OIL, not copper as the target of choice.

    Galvinized steel and PVC are obvious alternatives to copper plumbing. Big transmission lines are now all steel/aluminum these days... and pennys are now more than 96% zinc... (which is why you can "melt" them on the burner on the stove)

    Reduce, reuse, recycle.

    --Mike--

    1. Re:Economics by pNutz · · Score: 1

      Indeed. Economics is all about using up a resource, then moving on to new ones (be it natural or human). It's the viral nature of humanity, fueled by optimism and greed.

      Iron, copper, tungsten, and many other raw materials are "threatened" with maybe a couple hundred, or dozen, years of production left at current and/or projected rates.

      The plastic that wraps wires is becoming scarce much more quickly, of course. Along with a few other related materials.

      --
      Death and danger are my various breads and various butters.
    2. Re:Economics by Kohath · · Score: 1

      Thank you.

      Articles that claim that "we're going to run out of resource XYZ" get published year after year. The authors don't understand economics. They're always wrong. But they keep getting published.

    3. Re:Economics by Rorschach1 · · Score: 2, Informative

      Exactly. I've read articles from the 1950's and 60's about how, by the year 2000, we'd have critical shortages of such vital resources as mercury and asbestos. Today, no one even produces mercury for mercury's sake - it's all a byproduct of gold mining, because it's cheaper to sell it than to dispose of it properly. And asbestos - you literally have to pay people to take it.

    4. Re:Economics by GeoCannuck · · Score: 1

      Indeed the issue is about supply and demand but with an added bonus. As long term prices go up average cut off grades go down and reserves expand. Great thing about this relationship is that it is not linear. If you double the long term price of copper for instance you expand mining reserve by a much large multiple, maybe 10X in some cases. On the other hand the actual cost of refined copper in end products is often as low as 25%, which means that doubling the price only increases the cost of items by 25%, sometimes less because producers cannot always transfer costs to customers. This means the positive impact of higher prices is 3 to5 times larger than the negative impact to most consumers. Along this line of tought any geologist knows that most undeveloped copper deposits are in fact not economic at current prices (long term not the high spots prices we've seen lately) but together they nevertheless represent by far the largest copper resources in the world. You could even mine copper from the ocean if the price was high enough. Finally, copper, like gold is infinitely recyclable and most of the copper ever produced is still around in one concentrated metallic form or another. It is generally quite cheap to recycle this metal and this is a vibrant industry. For these reasons it is unlikely that the world will run out of copper. More likely that because of environmental reasons there will be fewer and fewer deposits put into production in the future. But hey, I'm not complaining as this will only push prices up higher. Zince is a bit trickier because it is not recyclable for a number of technical reasons. However, contrary to copper, a number of different materials can substitute for many zinc applications. Except for galvanized steel, which admittedly is not small change, the world will certainly get along quite well when really cheap zinc runs out.

    5. Re:Economics by ferespo · · Score: 1
      OK. I will give you U$S 100.000 if you can fly naked, without any extra devices.

      First, the take-off. Then a few nice circles around some buildings and finally a safe landing.

      Please.

    6. Re:Economics by Sebastopol · · Score: 0, Offtopic


      Thank you for the armchair pre-Economincs 101 analysis.

      First time arguing as a Libertarian?

      --
      https://www.accountkiller.com/removal-requested
    7. Re:Economics by Anonymous Coward · · Score: 0

      The Earth is a 5,973,600,000,000,000,000,000-tonne ball of iron. I do not think we will be running out of iron anytime soon.

    8. Re:Economics by Anonymous Coward · · Score: 0

      By "economics" you really mean voluntary association (freedom). Why? Because "economics" is simply the natural result of freedom.

      The alternative, of course, is using force (government) as a means to an end.

    9. Re:Economics by geekoid · · Score: 1

      Forever, cause we will never run out of anything!

      --
      The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
    10. Re:Economics by khallow · · Score: 1
      Indeed. Economics is all about using up a resource, then moving on to new ones (be it natural or human). It's the viral nature of humanity, fueled by optimism and greed.

      No it's not. It's about trade. I supposed we could each get our own food, make our own homes and clothes, mine our own copper. Instead, we trade services and things of value and that enables us to specialize in something and do it well. An active human presence can and often does result in using up resources. But that's not economics.

    11. Re:Economics by khallow · · Score: 1

      One doesn't need to get out of the armchair to make obvious statements like the original poster did. We already know that if you consume copper at any level, then you will eventually, hypothetically consume it all as long as you don't expand the supply nor reduce consumption. We already know what to do to reduce demand and increase supply. The point is that we already have a good system in place for dealing with scarcity of copper and any other good or service that is traded. Where is the story? It's just some scientists with a poor understanding of economics.

    12. Re:Economics by Anonymous Coward · · Score: 0

      Articles that claim that "we're going to run out of resource XYZ" get published year after year. The authors don't understand economics. They're always wrong. But they keep getting published.

      Indeedy. I was reading a 1660 copy of Ye Dodo Worlde with just such an article.

  23. Oh, if only... by Eosha · · Score: 1

    there was some other material that would do the same thing...like PVC instead of copper pipe, aluminum instead of copper cable, fiber instead of cat5, etc.

    If and when we run out of copper, it might be a bit annoying for the plumbers, but AFAIK there's no widespread, critical job that can only be done by copper...

    --
    I have a girlfriend whose name doesn't end in .JPG
    1. Re:Oh, if only... by benjamindees · · Score: 1

      AFAIK there's no widespread, critical job that can only be done by copper...

      Ha. How about almost every electrical wire on the planet is made of copper. It is by far the best material available. Currently there are motors, generators, transformers and small electronics. But we'll be adding windmills, car motors, and all sorts of useful chemical catalysts.

      --
      "I assumed blithely that there were no elves out there in the darkness"
    2. Re:Oh, if only... by norkakn · · Score: 1

      Aluminium wires are a huge fire hazard. It was tried when copper was scarce because of WWII and hopefully no one will do it again.

  24. Monster by Bimo_Dude · · Score: 5, Funny

    If this shortage is going to be as they say in the article, I could just see the ads for Monster Cable... "Our newest premium cable! New! Gold cable with copper connectors, just $199.99!"

    --
    "Teleporting Rodents with D-Cell Battery Displacement" theory -- IgnoramusMaximus (692000)
    1. Re:Monster by Rei · · Score: 4, Insightful

      Just to nitpick the humor: copper connectors would be bad (the connectors are made of gold so that they don't corrode, not for its conductive properties; copper corrodes readily), and a wire made of silver would be far more reasonable (silver is much cheaper than gold and a better conductor).

      Really, though, I don't understand the big panic. So copper prices rise as the easily minable deposits get exhausted - and? There are replacement materials. There's silver for when you need great conductivity (better than copper), and there's aluminum for when you don't (and you can tolerate metal fatigue). There are many other metals that could be used in between the two, and many of the metals that are common in the ground but are hard to refine show signs of significant price reduction in the future.

      So the length of runs of wire that you can use become shorter. So it uses a little more power. So bandwidth capability decreases. Or, so people pay a higher price. Copper will never disappear; the shortage just means that people will have to turn to mining less rich/harder to refine deposits.

      So what?

      And who is to say that copper wire is going to continue to be in such demand? Optical fiber seems to be going into wider and wider use. More technology is turning to wireless communication. In short, I really don't see this as a huge issue. There have been shortages of various ores throughout all of recorded history. We'll cope just fine.

      --
      Son, a woman is a lot like a refrigerator. They're six feet tall, 300 pounds... they make ice... umm...
    2. Re:Monster by Ex+Machina · · Score: 1

      You forgot "oxygen-free"!

    3. Re:Monster by slashname3 · · Score: 2, Funny

      Hot damn! All those pennies I have been saving for years are going to be worth something. OH wait! They make those of zinc now don't they.

      Never mind.

    4. Re:Monster by MacJedi · · Score: 1
      Just to nitpick the humor: copper connectors would be bad (the connectors are made of gold so that they don't corrode, not for its conductive properties; copper corrodes readily), and a wire made of silver would be far more reasonable (silver is much cheaper than gold and a better conductor).

      You are probably aware of this, but just to be clear for everyone at home: Silver corrodes too, much more-so than copper.

      --
      2^5
    5. Re:Monster by JWW · · Score: 3, Informative

      Also, another thing is that copper won't be used for wiring as much in the future. Many miles of the copper locked up in CAT 5 will pulled out and replaced by fiber (glass) for which we have an incredible abundance of raw material.

    6. Re:Monster by TERdON · · Score: 1

      If you had RTFA'd you would have noticed they did mention silver as well! :)

      --
      I have a really elegant proof for Fermat's last theorem. If this sig was only a bit longer...
    7. Re:Monster by Rei · · Score: 1

      That's why you don't have silver connectors ;) But silver wires work just as well as copper wires, as the insulation largely prevents corrosion.

      --
      Son, a woman is a lot like a refrigerator. They're six feet tall, 300 pounds... they make ice... umm...
    8. Re:Monster by Lumpy · · Score: 3, Informative

      Connectors are not made of gold. in fact I dare people to find a supplier that has solid 14 karat gold connectors.

      They are Gold plated for marketing. a nickel plated connector is just as good as any gold plated connector with nearly the same corrosion resistance and certianly overall a better connector.

      My switchcraft solid nickel connectors are of much higher quality than any gold connectors sold.

      Gold connector = marketing to fool consumers.

      --
      Do not look at laser with remaining good eye.
    9. Re:Monster by slashname3 · · Score: 1

      Where in my post did I say anything about silver? My comment was regarding the fact that pennies have been made primarly of zinc for a very long time.

    10. Re:Monster by TERdON · · Score: 1

      You didn't, sorry. I thought "zinc" but wrote "silver". Please read my reply to my reply to your post as well. :)

      --
      I have a really elegant proof for Fermat's last theorem. If this sig was only a bit longer...
    11. Re:Monster by JDevers · · Score: 2, Informative

      14 karat is actually a long way from pure gold (it is actually slightly more than half gold), I think you meant 24 karat gold (which is 99.99% gold).

    12. Re:Monster by JanneM · · Score: 2, Insightful

      Just to nitpick the humor: copper connectors would be bad (the connectors are made of gold so that they don't corrode, not for its conductive properties; copper corrodes readily), and a wire made of silver would be far more reasonable (silver is much cheaper than gold and a better conductor).

      And since when did suddenly reality start to matter in the world of Hi-Fi enthusiasts?

      --
      Trust the Computer. The Computer is your friend.
    13. Re:Monster by Basehart · · Score: 3, Funny

      Why not use rubber, or glass connectors? Neither of those materials corrode.

    14. Re:Monster by BUTT-H34D · · Score: 0

      Huh-huh. "Rubber"

      --
      I'm only slashdot's second biggest Monkey spanker
    15. Re:Monster by tkw954 · · Score: 3, Funny
      ...replaced by fiber (glass) for which we have an incredible abundance of raw material.

      Oh great! How long before they come to strip-mine my beach?

    16. Re:Monster by Anonymous Coward · · Score: 0

      Because they aren't conductive...

    17. Re:Monster by Detritus · · Score: 1

      I used to have a big box of mil-spec RF connectors that were silver plated. They were the top-of-the-line for RF connectors and very expensive when new. Silver does corrode, but the oxide is a good conductor.

      --
      Mea navis aericumbens anguillis abundat
    18. Re:Monster by ChrisMaple · · Score: 1

      My memory is that silver oxide is only a mediocre conductor, but quite soft. Mating silver conductors cuts through the oxide, making a silver-silver connection. Silver also forms a sulfide easily.

      --
      Contribute to civilization: ari.aynrand.org/donate
    19. Re:Monster by drinkypoo · · Score: 2, Informative

      Gold also has the benefit that it is malleable and will produce a better connection, also it is softer so it will do less damage to connectors. Of course, it's all pretty irrelevant in the average (or even the average above-average) cabling environment and as such is all pretty irrelevant.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    20. Re:Monster by ChrisMaple · · Score: 5, Informative

      The four best conductive metals at room temperature are (in order) silver (0.0163 ohm-meter), copper (0.0172), gold (0.0244), and alumin(i)um (0.0283). Not "many other metals in between the two". All other metals are worse than these four.

      --
      Contribute to civilization: ari.aynrand.org/donate
    21. Re:Monster by Bing+Tsher+E · · Score: 1

      I have always maintained that the poor wear gold plated base-metal jewelry, the wannabe-rich wear gold jewelry, and the ultra-rich wear copper plated gold jewelry.

    22. Re:Monster by Bing+Tsher+E · · Score: 2, Funny

      No, you use glass tools, on a benchtop lined with cats-fur. It's the 'equal time' alternative to an anti-static work surface.

    23. Re:Monster by Bing+Tsher+E · · Score: 1

      Your solid nickel Switchcraft connectors are also considerably more expensive than the chintzy gold-plated junk at Wal-Mart. But worth it, for those of us who understand that you buy a connector for life, though the wire comes and goes...

    24. Re:Monster by redneckHippe · · Score: 5, Informative

      As an electrican I can tell you that you can replace all the Cat5 you want with fiber and all the audio cables with whatever; it probably won't make dent in the supply. Aluminum has been proven unsuitable for residental wiring years ago and I have never seen a motor or generator with anything other than copper wound stators. All generating stations regardless fuel used generate electricity using genertors. While transmission lines might use aluminum and steel the transformers in the substations certainly use copper windings. Not to mention all the factories around the world that have literally millions of electric motors that are constantly burning out and need to be replaced or rewound. Autos, trucks and machinery all have copper wiring for thier electrical systems. We also have how many homes and commerical buidings being built and upgraded? Not to mention the appliances(microaves,fax machines copiers, tv's ,stereo's toasters ...) that we use every day. I think we depend on copper more than we realize. RH

      --
      It'll quit hurtin' once the pain stops.
    25. Re:Monster by green1 · · Score: 1

      The problem is, the copper that is currently in use rarely gets re-used, there is a huge amount of unused copper wire in a lot of buildings who have upgraded to a higher category of cable or gone to fibre and simply left the old stuff in place (too expensive/difficult to remove) I've been in many offices that have perfectly good cable that isn't used anymore simply because they thought it was messy, instead of pulling it out they hacked it off where it comes out of the wall and ran new cables, burried cables that have gone bad are also generally left in the ground, you run a new cable, but nobody pulls out the old ones.

      And even in the rare cases that the old cable is removed, what percentage is actually recycled? I suspect most of it is simply thrown away, and mining a landfill to recover it is not exactly a fun task....

      so even if it is used less, a shortage is still a problem. maybe fewer long distance runs, but you still need it in the electronics on both ends, and the power systems still use it heavilly, so although new usage is expected to be at a slower rate, it will still require new copper, or recover the old copper, this article says the former is difficult, and the latter is so far pretty rare as well...

    26. Re:Monster by Cadallin · · Score: 1

      Given that Si and O are some of the largest components of the earth crust by mass, this isn't ever going to become an issue. We'll run out of carbon to make people out of first

    27. Re:Monster by AvitarX · · Score: 1

      My beach is strip mined every storm season you insensitive clod.

      --
      Wow, sent an e-mail as suggested when clicking on "use classic" banner, and got a fast response that addressed my msg
    28. Re:Monster by justins · · Score: 1

      You are the least funny person in the history of the human race.

      --
      Now before I get modded down, I be to remind whoever might read this that what I am saying is FACT. - bogaboga
    29. Re:Monster by kesuki · · Score: 1

      well for one glass is a fluid (with a hot melting point). it may not corrode, but it sure does change shape as gravity pulls on it long enough. i say if we're going to use a fluid we may as well use WATER. afterall there is more of that than Anything else on the surface of the earth, and it's a Really good conductor, as good as copper.

    30. Re:Monster by outsider007 · · Score: 1

      Yes this is a common urban legend. But exercise a little common sense and you'll realize how silly it is.

      --
      If you mod me down the terrorists will have won
    31. Re:Monster by HaggiZ · · Score: 1

      Unfortunately we already have a silver deficit each year, and the metal is more scarce than gold. Expect silver prices to rise considerably over the coming years as stores continue to be depleted at a rate far exceeding that which it is being mined.

      It will likely continue be cheaper than gold though so your point stands.

    32. Re:Monster by Chrispy1000000+the+2 · · Score: 1

      Glass is not a fluid.

      --
      Sig
    33. Re:Monster by Weedlekin · · Score: 1

      Water is a very poor conductor: it is what is dissolved/suspended in it that conducts electricity, not the water itself.

      --
      I'm not going to change your sheets again, Mr. Hastings.
    34. Re:Monster by Anonymous Coward · · Score: 0

      We could save a shitload on copper if the countries of the world that ran on 120 would simply move to 220-240v so that we didnt have to use so much just to supply the wattage required to drive power hungry appliances.

    35. Re:Monster by bleckywelcky · · Score: 1

      I wonder if mining landfills will be a lucrative business in the future. Say, after a couple hundred years when all the easily-decayable materials have decayed and all you have left are the persistant materials - metals, glass, plastics. Landfills could be goldmines in the making - swoop in, tear them down, filter out the good stuff, and move on to the next one.

    36. Re:Monster by bleckywelcky · · Score: 1

      But is fiber to the level that it's cheap enough to wire buildings or your own house with it? I just did a quick look for bulk fiber, and it still looks damn expensive. Copper wiring is dirt cheap in comparison. I would love to wire my house with fiber and have nice gigabit+ speeds to every room. Talk about content on demand from the central server.

    37. Re:Monster by jZnat · · Score: 1

      Shut up! You're ruining our perfect chance to roll out a "fibre to every home" political campaign so that us Americans don't have to suffer with Ma Bell's crappy DSL services. :(

      --
      'Yes, firefox is indeed greater than women. Can women block pops up for you? No. Can Firefox show you naked women? Yes.'
    38. Re:Monster by Mac+Degger · · Score: 1

      "All other metals are worse than these four."

      Alloys, however....

      --
      -- Waht? Tehr's a preveiw buottn?
    39. Re:Monster by Hognoxious · · Score: 1
      wonder if mining landfills will be a lucrative business in the future.
      You're not the only one. http://en.wikipedia.org/wiki/Riddley_Walker
      --
      Confucius say, "Find worm in apple - bad. Find half a worm - worse."
    40. Re:Monster by merlin_jim · · Score: 1

      More likely $1999 - Monster cables have about a 1000% markup IMO

      --
      I am disrespectful to dirt! Can you see that I am serious?!
  25. Just use lead-lined clay, like the ancient Romans by csoto · · Score: 4, Funny

    It never hurt anybody...

    --
    There exists no way of exchanging information without making judgments. --Bene Gesserit Axiom
  26. Wait a minute... by PhineusJWhoopee · · Score: 3, Insightful

    Gas, lubricants, untold miles of plastics - they tie up a lot of oil. Unlike abundant iron and aluminum, oil is relatively scarce. But it's vital to electricity generation/transmission, transportation, and other uses central to a modern standard of living....More reclamation and use of solar, wind, and other fossil fuels helps - but won't be enough to cover the billions of people who don't yet live in highly developed/mechanized societies.

    Thought that sounded familiar.
    ed

  27. I Guess You're Happy Now? by Black-Man · · Score: 0, Troll

    Gold prices returned to levels not seen in 25 years. That would be an inverted bell-shaped curve, BTW.

    Were you bullish on gold in 1983? Uhhh... huh... financial genius.

    1. Re:I Guess You're Happy Now? by dada21 · · Score: 1, Insightful

      1983 was merely a decade after currency was removed from a gold standard that fixed the price of gold at a low price for almost 60 years -- no one knew the value of gold versus the dollar. I firmly believe that 83 was a gold bubble similar to the housing bubble we have today -- the US government performed an easy money inflationary situation for borrowers, who then ran like lemmings into gold (and other assets) as those prices went up from the previous day.

      Today I believe gold is undervalued almost 50% based on currency inflation and manipulations of the currency using imperialist mechanisms (war and threat of war) against other nations. I also believe that 2006 will be the year that the dollar starts a strong inflationary/devaluation cycle. I was bullish on gold in 1999 and started a newsletter that year -- and I've hit my target prices almost every 6 months since then. I was the only gold bug to publicly believe we'd see US$550 at the beginning of the year. I'm the only one who believes we'll see a BIG drop just before the end of the February as the futures market makes corrections (I foresee a US$100 drop almost), and I'm the only one who sees gold ending up at US$660-US$690 before Christmas.

      I just noticed I said 1971 penny, I meant 1961, oops.

    2. Re:I Guess You're Happy Now? by John+Courtland · · Score: 1

      This is offtopic, but if you haven't already seen this, I think you should. I guess the fed is going to drop the M3 index on 23 March of this year: here.

      It's a really large support argument for the idea that the government is going start printing money like it's going out of style. Ben Bernanke and his "helicopter drop" will do quite a bit of damage to the value of the USD, I believe.

      --
      Slashdot is proof that Sturgeon's Law applies to mankind.
    3. Re:I Guess You're Happy Now? by dada21 · · Score: 1

      Yup, but thanks for another link :) I actually blogged about this a few weeks ago (I was the first blogger to get the news) and I predicted this exact situation a year ago. I spend almost 2 hours a day researching money supply issues world wide in order to get a better grasp on the market realities.

      I have a sad feeling that the entire nation will learn a lesson as we did in the 80s (and 60s and 40s and 20s) that will probably need to be relearned in the 2020s -- fiat currency causes the boom/bust cycle.

    4. Re:I Guess You're Happy Now? by John+Courtland · · Score: 1

      From what I've gathered, a Keynesian economy pretty much needs these periods of complete upheaval every so often. It's stupid but I suppose here we go again.

      --
      Slashdot is proof that Sturgeon's Law applies to mankind.
  28. Mine the asteroids or junk piles? by PIPBoy3000 · · Score: 4, Interesting

    There's a fair amount of landfills out there that probably have useful amounts of copper. That'll probably be the first place to dig. The hard part is separation and removing toxic waste from useful minerals.

    Mining the asteroids is currently prohibitively expensive, but costs will eventually go down. I'd like to see some legislation to encourage such endeavors, which might be the next profitable commercial activity after space tourism.

    Of course, we could always wait for them to fall to the Earth, but that requires lots of patience.

    1. Re:Mine the asteroids or junk piles? by craigob · · Score: 1

      Why would you want to see legislation to encourage that? The last thing we need is another subsidized industry. Left to the free market, asteroids will be mined when it's cheaper than just doing mining or recycling on earth. Further, it will be at the risk of a private citizen, private company, or any number of other peaceful, voluntary arrangements, and not to the general public. The force of government is not needed. Why people keep looking to the government for solutions, especially when it fails so badly at almost everything it does is baffling.

    2. Re:Mine the asteroids or junk piles? by craigob · · Score: 1

      Anyway, that was me messing up my html tag, and accidently bolding the whole thing. That's all, carry on.

    3. Re:Mine the asteroids or junk piles? by PIPBoy3000 · · Score: 1
      Oh, I wasn't thinking about subsidies necessarily. Mostly I was thinking that there should be laws around how a country might make a claim to an asteriod. What is required for a country or corporation to stake a valid claim? How long is the claim good for? What resources are required to maintain the claim? At some point, there will likely be an economic threshold where mining asteroids is feasable and doing some preplanning before the rush might be a good idea.

      There's an old but interesting article on the challenges of mining asteroids. From the article:

      Substantial legal issues have to be addressed before any of this can happen, of course; & for Lunar mining in particular (the issues involving asteroid mining are rather different), these issues are likely to be the most intractable in the short term. Commercial operations on the Moon are currently banned under the Moon Treaty; & - given that only the US-Americans currently claim to have any motivation to industrialise space - there's little or no motivation on the part of the rest of the world to change this situation (Australia has made some noises about trying to change this treat as some bureaucrats can smell a cheap buck here; but noises are all that Australian politicians are generally any good at). Asteroid mining may be legal in the absence of any contradictory precedents; but few financiers are likely to invest in a project where the final product can be legally hijacked by independent parties because there is no legally enforceable ownership.
    4. Re:Mine the asteroids or junk piles? by craigob · · Score: 1

      My mistake in assuming you meant subsidy. But you hit the nail on the head. Currently, private property rights are not established in space, and that will be a serious impediment. Private property rights are essential for a free market to thrive. Without it, investment stops because there's no legal mechanism in place to protect your property. Here's another very good article about this subject.

    5. Re:Mine the asteroids or junk piles? by JesseL · · Score: 1

      These days it seems you need legislation just to protect a market from further legislation. The default situation for everything is to bring things to a near standstill with regualtion, taxation, tarrifs, and oversight. The only hope may be to tie up the government so tightly in it's own rules that it becomes impotent to screw things up further.

      --
      "Prefiero morir de pie que vivir siempre arrodillado!"
    6. Re:Mine the asteroids or junk piles? by modmans2ndcoming · · Score: 1

      left to the free markets, we would let the poor starve. the Free Market is NOT a panacea. the federal government has the power to start an industry by helping early start ups with funding.

    7. Re:Mine the asteroids or junk piles? by craigob · · Score: 1

      Actually there's quite a lot of evidence that the current system hurts the poor a LOT more than a free market ever could.

      Let's start with the main things that keep people in poverty.

      First, taxes. Taxes consume over 50 percent of a poor persons income, in one way or another. High taxes on the rich and corporations decrease investment, as well as increase operating costs for businesses. Since every company has those costs, they constitute a cost of doing business which is reflected in higher prices for consumers, including poor people. Poor people also have to pay income tax, social security tax (15% because your employer has to match it, which is money they now can't legally pay you, yet is another cost of business), medicare taxes, sales tax, excise tax (see gasoline taxes, cigarette taxes, alcohol taxes, etc.), property tax (even if you don't own your apartment, the property tax is reflected in higher costs for landlords, which is reflected by higher rents.)

      Second, regulations. Cost for businesses to comply with regulations can be staggering depending on the industry. Especially the medical industry. Again, this increases the cost of doing business which is reflected by prices.

      Medical care. Medical care has shot up dramatically since the government got involved. Before medicare and other such boondoggles by the government, hospital stays would cost a few days pay instead of a few months pay. Major operations were a tiny fraction of what they cost today. Doctor visits to the home were very common, and would often take in patients that needed care and couldn't afford it for free. You can't do that now, because to cover all the regulations by government, a doctor has to charge an astronomical price. America used to have the best health care system in the entire world.

      Welfare. Welfare is a tiny fraction of a the total amount of money the government leeches take from the people, and very few of what remains make it back to poor people. So, not only is it grossly inefficient, it also traps people into the welfare lifestyle. Your benefits improve if you are a single parent, or you have more children, yeilding incentives to break apart the family unit which is vital for values, stability, and mobility. Perhaps the worst part about welfare is it gives people a false sense of security, people think the government will be there for them when they have problems, so they don't prepare financially for the future. Also, many people resent it, and will refuse to support private charity (which works a hell of a lot better than welfare).

      Legal costs. Even if poor people don't bear them directly, because the government has so many laws on the books, companies have to spend a ton of money on legal defense, which is again, reflected in the prices of goods and services.

      Subsidies. In addition to sucking up tax dollars, subsidies generally promote legal monopolies, through the sheer amount of legal and paperwork a company would have to do in order to get them. However, they provide a competitive advantage to those that already have attained them, helping them to maintain their monopoly and shut down competitors. Competition is one of the main driving forces in the free market that force businesses towards lower prices, higher quality, more efficiency.

      Business licences. In just about every major city, you need a business licence in order to start a successful business. Those costs can be staggering, for instance in NYC, a licence for a small business that just cuts someone's hair can run in the tens of thousands. Not to mention you need a cosmetic licence to do so. If you were a poor person and was looking to pull yourself up by your own bootstraps, you'd have to pay for years of schooling, and pay tens of thousands to get a business licence, just to do it. Even if you already know how to do it. In a free market, you could just start the business. If you performed poorly, word would get out that you give poor quality hair cuts,

  29. Doubt it by MarkPNeyer · · Score: 2, Interesting

    I've heard this tune before.

    --

    My blog
  30. I'd like to be the first by Klowner · · Score: 1, Funny

    To offer all the copper running into my house in exchange for fiber. That's right, I'm so dang benevolent I make myself sick!

    You're welcome.

    1. Re:I'd like to be the first by Holi · · Score: 2, Funny

      I'll take it all, Be really funny to see you try and plug a lamp into fiber.

      --
      Sorry, teleporters just kill you and then make a copy. A perfect, soul-less copy.
    2. Re:I'd like to be the first by drpimp · · Score: 1

      Well that will solve your internet/phone wires, but unfortunately electricity for your AC power, will not run through fiber.

      --
      -- Brought to you by Carl's JR
    3. Re:I'd like to be the first by Anonymous Coward · · Score: 0

      If you used a steel tube to transfer the power (waveguide), you could plug the flourescent lightbulb.

      I wonder what the losses would be on that.

      (Just don't let the conduit blow)

    4. Re:I'd like to be the first by Anonymous Coward · · Score: 0

      Hey, it could work... Provided there's a really powerful light on the other end of that fiber. :)

    5. Re:I'd like to be the first by smellsofbikes · · Score: 1

      I was thinking the same thing. People are already using fiber optics and even waterjets as high-power laser waveguides. If you cap the fiber with a dispersive lens and have that hit a reflector or fluorescent screen, you've just invented a long-distance lightbulb, aka a light pipe.

      --
      Nostalgia's not what it used to be.
  31. Use gold by hackstraw · · Score: 2, Informative


    A friend here has been investing in gold for some time, maybe he is on to something.

    BTW, pennies are not copper anymore. From the US mint:

    The alloy remained 95 percent copper and 5 percent zinc until 1982, when the composition was changed to 97.5 percent zinc and 2.5 percent copper (copper-plated zinc).

    Copper is very recyclable, and in demand. It pays anywhere between pennies to $1.50/pound or more to recycle it.

    Now that electronics are disposable because of quick upgrades and poor reliability, they will be recycled more in the future. There is a bunch of copper and gold and other nice stuff in there.

    Its a crime that the zinc industry lobbies congress with cash every time we try to get rid of the penny. Its useless. In fact all change is. What can you really buy for less than a buck? If its less than a buck, splurge and get two.

    If I start my own restaurant, I will not take or receive change. Its heavy, and it would cost more of my employees time to count, sort, and organize the change than if they just threw it in the trash. Or maybe I could just throw it in the tip pool, and give it to them in cash later.

    1. Re:Use gold by Anonymous Coward · · Score: 0

      Out of curiosity, do you have kids?

      I'm glad there is change, so that my young ones can learn commerce in cents and not dollars.

      Its not useless.

    2. Re:Use gold by LWATCDR · · Score: 1

      "What can you really buy for less than a buck? If its less than a buck, splurge and get two." A diet coke? And no I just want one thanks.

      --
      See my blog http://ilovecookes.blogspot.com/ for light hearted technical information.
    3. Re:Use gold by thePowerOfGrayskull · · Score: 1

      I'd agree about change, but what about sales tax? For those USians not so fortunate as to live in a sales-tax free state, sales tax ranges between 3 and 10%; the only solution I could think of would be to price items to come to an even amount AFTER tax, and that would just get tedious...

    4. Re:Use gold by Tsiangkun · · Score: 1

      I've started using dollar bills as bookmarks. Turns out it's cheaper than buying a book mark these days.

      Just to prove your point that you can't buy much with less than a dollar these days

    5. Re:Use gold by Saint37 · · Score: 1

      Investing in gold is definitely a good idea and a good way to do it is to buy an exchange traded fund. This is basically just like a mutual fund that holds mining companies in its portfolio. The advantage of an exchange traded fund (ETF) is that you can buy and sell it like you would a stock. That is you can go to your online broker and buy share of GLD or IAU and get a piece of the action.

      http://www.stockmarketgarden.com/

    6. Re:Use gold by Zathrus · · Score: 1

      If I start my own restaurant, I will not take or receive change.

      If a customer chooses to give you 4 quarters instead of a dollar bill, and you refuse them, then you've just run awry of federal law. You must accept legal tender for all debts, public or private, as long as it would not be an undue burdon (e.g. -- someone paying a $100 tab in pennies would be an undue burdon, someone paying $1 in quarters or mixed change would not be).

      Or maybe I could just throw it in the tip pool, and give it to them in cash later.

      And how do you know how much is in the tip pool unless you sort it?

      As for spending employee time counting change -- give me a break. You can get $10 machines that will sort the coins for you. For $30 they'll do the math too. You'd probably want something that is a bit heavier duty than those toys, but you can get decent automated coin sorters for just over $100. Too expensive? Bull -- if you only got a single quarter a day then it would pay for itself in 1.1 years (of course, if you only got a single quarter then you wouldn't need one now, would you?). If you had a restaurant that got any business whatsoever then a $400 coin sorter would pay for itself in a week (as opposed to throwing out all the change or equally hare-brained schemes).

      As for your original point -- I can see doing away with the penny at this point, although we'd need some reasonable rounding laws to make up for it (e.g. -- not always rounding up), but not with all coins. The dollar bill is far too coarse of a monetary unit for everyday transactions.

    7. Re:Use gold by ivan256 · · Score: 1

      Its useless. In fact all change is. What can you really buy for less than a buck? If its less than a buck, splurge and get two.

      How about you round all your transactions up to the nearest dollar and send me the difference. I'll pay shipping.

      Really though, save all your change for 6 months and put it in a jar. Now count it. See how much it would cost you if you rounded everything up?

      The change from six months of cash transactions regularly adds up to $300 in my change jar. That's 3% of a minimum wage salary in the US. If you've gotten rich enough to think change is useless, you make too much money.

    8. Re:Use gold by ryanvm · · Score: 1

      I've started using dollar bills as bookmarks. Turns out it's cheaper than buying a book mark these days.

      Uh, I will sell you a shitload of plain, white bookmarks for $0.50 a piece. Sizes up to 8.5 x 11 inches available.

    9. Re:Use gold by Zwack · · Score: 1
      If I start my own restaurant, I will not take or receive change. Its heavy, and it would cost more of my employees time to count, sort, and organize the change than if they just threw it in the trash. Or maybe I could just throw it in the tip pool, and give it to them in cash later.

      Or perhaps you could only charge things in whole dollar amounts (after tax for those states that have it)... You'll still get change, I could pay for my $1 cup of coffee with pocket change... Or are you going to charge so much for everything that people won't eat there?

      On a related note I find sales tax really confusing. In some other countries the equivalent VAT is a much higher percentage (17.5%) but is less of an issue as the price you see is the price that you pay. The first time I had to pay sales tax I was very confused. The price requested was completely different from that on the Menu... and this was in an International airport. I was travelling between Britain and Oregon via Seattle. Britain shows you the price you will pay and Oregon has no sales tax. Is this deliberately done to confuse?

      Given the number of items that I regularly see or purchase for under $1 I don't see any valid reason for getting rid of Coins. You might not like them, but feel free to just send all of your unwanted change to a local charity.

      Z.

      --
      -- Under/Overrated is meta-moderation, and therefore is Redundant.
    10. Re:Use gold by manno · · Score: 1

      I say even 1 cent is worth something I'm still am trying to figure out a way to get every man woman and child in America all 300,000,000 to give me just 1 penny every year. I think I could scrape by on a paltry $3,000,000/year

      -matt

    11. Re:Use gold by hackstraw · · Score: 1

      The change from six months of cash transactions regularly adds up to $300 in my change jar. That's 3% of a minimum wage salary in the US. If you've gotten rich enough to think change is useless, you make too much money.

      I am basically cashless. I charge _everything_ and pay the bill at the end of the month. I am able to go back and look at my spending habits, and see what is going on. For me, its too easy to dump $20 into a gas tank and then forget about it (there is nothing to show for it, and the cost is almost random, AND I'm charged to the .1 cent level :) and wonder what happened to my $50 bill. Especially if I overshoot the $20 by a few cents, I now have less than $30 in my wallet.

      Its all the same, and that is my point. If our spending habits are the same, I "save" $300 every 6 months without dinking with change. In fact, when I pay my CC bill, I round up to make it an even number. Oh, and $300 every 6 months means that you have over $1 in change a day, closer to $2. That is a bunch of extra crap in your pocket to scratch your iPod, cell phone, and stuff.

      I would just soon do without counting $300 in change from time to time.

      My father is a penny pinching banker that appears to be poor. He thought I was stupid because he gave me a big bag of change (gave it to me), and I took it to a change thing at the grocery store and paid 10 to 20% or whatever maybe %5, I really don't care. I was able to get $80 worth of food for $20, and I did not have to get change wrappers, sort and count the change, take it to a bank. Put my name all over it. Its does not sound like a good time.

      Even though I do not play with change, I'm pretty frugal. I put between $600 and $1k on my CC every month. That is for food, beer, cigarettes, gas, cat supplies, house suppies, everything. That works out to $20 to $33/day. That is not bad. The CC data is updated almost realtime, so right now I can see the two packs of smokes (two for one baby!) I bought from across the street and my lunch that totals to about $8 dollars. $8.40 if you really want to know.

      The thing is that this gives me more freedom. I never say, "I'm out of cash, I can't get that on the way home", or my friends that accost me to drive them all over town to the bank that does not charge them extra to get cash.

      I'm on direct deposit. I'm a computer geek. Why not do everything electronically? If something goes funky with my CC, they take care of it for me.

    12. Re:Use gold by colinrichardday · · Score: 1

      I suspect that you could buy a 100-count pack of index cards for less than $100.

    13. Re:Use gold by egburr · · Score: 1
      the only solution I could think of would be to price items to come to an even amount AFTER tax, and that would just get tedious...

      Tedious for who? As a customer, I would love to know in advance the total price I will be paying. Especially at grocery stores, where different types of items get different amounts of sales tax; because of that, I can't even keep a running tally and apply a simple percentage. Sales taxes in different areas are different, and I generally have no way to find out what they are. I would not find after-tax pricing tedious at all.

      --

      Edward Burr
      Having a smoking section in a restaurant is like having a peeing section in a swimming pool.
    14. Re:Use gold by rjstanford · · Score: 1

      If you happen to use BofA, they'll even emulate your change jar. You can opt to have them "round up" all CC purchases into your savings account. Better yet, they add something like 5% of those roundings at EOY. If you use a CheckCard and not a credit card, its not a bad deal. I did it hardcore for 3 months, because for the first 3 months they match the savings 100% - I made it a practice to have a lot of $___.01 charges, too.

      --
      You're special forces then? That's great! I just love your olympics!
    15. Re:Use gold by Generic+Guy · · Score: 1
      I was travelling between Britain and Oregon via Seattle. Britain shows you the price you will pay and Oregon has no sales tax. Is this deliberately done to confuse?

      Its partly tradition, and partly because each state (and sometimes individual cities) sets a different sales tax rate. Vendors will often advertise a particular price, which can reach across various taxable venues. So, the price is the price, and the tax is added at the local rate wherever you happen to buy it. Different states also define differently what types of items or services are taxable. Some business purchases are also tax-free (usually warehouse type purchases where the end item is to be resold to the public), and adding tax into the end-price makes it difficult to subtract tax when it isn't due.

      I'm no tax expert, but as a non-resident you can usually do one of a couple of things to get out of paying the tax. First, you can explain to the cashier your non-resident, non-taxable status but the likely reaction of most troglodytes is a blank stare (sometimes they can remove the tax from the bill without complaint). The other, harder way is to collect receipts and fill out a bunch of forms to send to the state capital and get a refund check.

      --
      { - Generic Guy - }
    16. Re:Use gold by Tsiangkun · · Score: 1

      I'm laughing my ass off. Good point.

  32. No copper? Use plastic by rickb928 · · Score: 1

    Sheesh. Time to make plastic fiber to replace Cat5. Something around 10GB oughta be possible over plastic for, say, 5km or less. I'm betting it's already out there.

    Then we can consider optical connects for HDTV, all audio, etc. More copper saved?

    Of course, it will probably take 2 pounds of copper to manke enough plastic fiber to replace 1 pound of copper wire.

    If it's not one thing, it's your mother.

    rick

    --
    deleting the extra space after periods so i can stay relevant, yeah.
    1. Re:No copper? Use plastic by tinkerghost · · Score: 1

      High RFI crystals grown on a continuous Low RFI acrylic fiber - more flexible than current glass and a crapload easier to do than gas depositing low RFI glass inside a high RFI glass tube & collapsing it without inclusions.

      Titinate/Titinol*MeOH solution stablized with acid can be used to make clear holograms in a continuous rollform process, no reason it can't be tweaked to work on a fiber instead.
      The big downside is it's [blink][font size=+2K]VERY moisture sensative during the coating process - 2% humidity change in the environment can crash the batch. But then again that's not a problem when you are working in a clean room.
      --chemistry note - as the MeOH & acid evaporate, you get a crystal wavefront forming on the substrate with a RFI that varies depending on the exact composition of the solution.

    2. Re:No copper? Use plastic by rickb928 · · Score: 1

      I was thinking more along the lines of PVC.. simple is good.

      --
      deleting the extra space after periods so i can stay relevant, yeah.
  33. Pennies must go! by FuzzyDaddy · · Score: 4, Insightful

    Yet another reason to get rid of this useless coin. Add this to:
    Nobody uses them.
    They are dangerous to children when swallowed, due to the zinc (unlike all other US coins)
    And let's face it, Lincoln already has his picture in enough places!
    (Ok, done ranting now...)

    --
    It's not wasting time, I'm educating myself.
    1. Re:Pennies must go! by badmammajamma · · Score: 2, Interesting

      I completely agree. Round to the nearest nickel and call it a day. You can't buy anything with a penny so its existence pointless.

      While we're at it, get rid of the dollar bill. Most people don't realise this, but the government could save over $400 million per year by elliminating it. There's several reasons for this but the big one is that dollar bills have a short life span (about 13 months) and people would switch to dollar coins ($2 useage might increase a little but probably not much). Paper money should only be printed in denominations that have actualy buying power. You can't even buy a cup of coffee anymore with a dollar bill.

      --
      Any man who afflicts the human race with ideas must be prepared to see them misunderstood. -- H. L. Mencken
    2. Re:Pennies must go! by Thangodin · · Score: 3, Interesting

      The reason that pennies exist is so that taxes can be collected on small purchases. The government gets billions over dollars in revenue--and we get pennies...

    3. Re:Pennies must go! by badmammajamma · · Score: 1

      How does my suggestion of rounding to the nearest nickel, in any way, reduce the governments tax revenue?

      --
      Any man who afflicts the human race with ideas must be prepared to see them misunderstood. -- H. L. Mencken
    4. Re:Pennies must go! by Fearghaill · · Score: 1

      You realize that you could round down as well as up, which would mean that the government would get the same amount in taxes?

    5. Re:Pennies must go! by smbarbour · · Score: 1

      First off, zinc is not necessarily dangerous, in fact it is necessary for proper developement. My wife had to take zinc as a child due to a zinc deficiency.

      On a different note, pennies have the lowest copper content of US coins at 2.5% copper in contrast to the dime, quarter, and half dollar at 91.67% copper!

    6. Re:Pennies must go! by manno · · Score: 1

      Arn't Pennies ove 90% Zinc?
      And don't batteries use a good amount of copper in them?

    7. Re:Pennies must go! by FuzzyDaddy · · Score: 1

      Swallowed pennies can cause ulcers because the stomach acid attacks the zinc.
      Also, TFA puts Zinc in the same category as Copper, as a metal that might be in short supply.

      --
      It's not wasting time, I'm educating myself.
    8. Re:Pennies must go! by saider · · Score: 1

      If this were done, you could bet that all companies would have pricing schemes that would result in a round up, instantly increasing their revenue stream and allowing them to advertise lower than actual prices. While a few cents may seem trivial to you, to a national chain it can mean millions in extra revenue.

      I would rather see an anonymous electronic cash system that does not have denominations at all, just a balance.

      Or perhaps a deflationary monetary policy to make the penny worthwhile again.

      --


      Remember, You are unique...just like everyone else.
    9. Re:Pennies must go! by Cyberax · · Score: 3, Insightful

      May be you should print more durable bills?

      For example, we have 10 roubles bill in Russia (about $0.3) and it has 3 years lifetime. Next bills are 50 roubles and 100 roubles and they are MUCH more durable than dollar bills. I usually carry money in my pocket (along with my keys and driving license) without wallet and it doesn't cause any problem.

    10. Re:Pennies must go! by level_headed_midwest · · Score: 1

      That is a good idea on the abolishment of the penny. It been done before. In military PXes, prices that are $x.x1 and $x.x2 are rounded down to $x.x0, prices of $x.x3, $x.x4, $x.x6, $x.x7 are rounded to $x.x5, and prices of $x.x8 and $x.x9 are rounded to $x.(x+1)0, effectively getting rid of pennies. This is done on the final total after taxes have been applied.

      Dollar coins are a very good idea but have been met with limited enthusiasm here. The problem is that the biggest uses for coins are vending machines of some sort and the owners of the machines do not want to spend a lot of money to retrofit their machines to accept the coins. So, dollar coins flop as you can't really use them anywhere except in stores. And you generally buy more than a buck's worth of stuff in a store.

      --
      Just "gittin-r-done," day after day.
    11. Re:Pennies must go! by taniwha · · Score: 4, Informative

      That's what happens here (New Zealand) - we typically use 'swedish rounding' - we got rid of 1c/2c coins a while back and they're in the process of removing the 5c coin - our smallest will be 10c (about 7c US). It helps that our salestax is always included in the quoted price of an item - and when you go to the supermarket the rounding is only applied to the total price of what you buy

    12. Re:Pennies must go! by demigod · · Score: 1
      Yet another reason to get rid of this useless coin.

      I've been championing the idea of getting rid of the penny for years.

      It goes something like this;

      Round all purchases up to the nearest nickel. Give the retailer a small cut for collecting it and then the rest gets applied to the principal on the national debt. You could also give the option to pay with the pennies if you have them, but we stop making new pennies. Not making new pennies should save us a good bit all by itself.

      --
      "The last thing I want to do is deal with a bunch of people who want something."
      Major Major
    13. Re:Pennies must go! by KidHash · · Score: 1

      What are you even saying? He's not suggesting removing the concept of a penny, just getting rid of the actual coin. If there's a penny of tax on each item you sell, and you sell 1000 items, you don't ship 1000 pennies to the goverment, you just send them a $10 bill. I really don't understand your point...

    14. Re:Pennies must go! by spankfish · · Score: 3, Informative

      Australia replaced its dollar note with a coin in 1984, and the $2 note with a coin in 1988. If I recall correctly, 1 and 2 cent coins were not actually eliminated in the 1990s, but some law was passed whereby retailers had to round to the nearest 5 cents, and people could change their 1 and 2 cent coins for real money at the bank. They soon dropped out of usage.

      --

      NO TOUCH MONKEY!
    15. Re:Pennies must go! by smbarbour · · Score: 1

      Yes, the stomach acid attacks the zinc, but it specifically states that the damage may result if the coin becomes lodged in the digestive tract (causing the reaction to act as a blowtorch).

      True, zinc may be in short supply as well, but the article was about copper and specifically mentioned pennies rather than every other US coin (which have a higher copper content)

    16. Re:Pennies must go! by Gonarat · · Score: 2, Insightful

      The only way to make the dollar coin work in the U.S. is to do what Canada did -- after the "Loonie" (dollar coin) was introduced, the 1 dollar bill was retired. The dollar bills in circulation were removed as they aged and were no longer fit for circulation. After a few years the dollar bill was effectively gone from circulation.

      Canada then did the same thing with the "twoonie" (2 dollar coin). As long as dollar bills are available, they will be used over dollar coins just because that is what people are used to.

      --
      Beware of Sleestak
    17. Re:Pennies must go! by The+Spoonman · · Score: 4, Funny

      While we're at it, get rid of the dollar bill.

      Noooo! They did that in Canada, and now I have to give the strippers either loonies or toonies! I wanna slip paper into those g-strings, dammit! :)

      --
      Which is more painful? Going to work or gouging your eye out with a spoon? Find out!
      http://www.workorspoon.com
    18. Re:Pennies must go! by operagost · · Score: 1

      Vending machines have accepted the small dollars since 1979, so you would have to have a very, very old vending machine indeed. Pretty rare except in church basements and other places where it's not even a real issue.

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    19. Re:Pennies must go! by badmammajamma · · Score: 1

      Actually, no. If I go to the grocery store and buy stuff, they have no idea what I will buy or how much I will buy so there's no way for them to guarantee the rounding will be in their favor.

      Even if they could do this (and they can't), it makes no difference. Most people throw their pennies into tip and donation jars that seem to grace every counter in America these days.

      --
      Any man who afflicts the human race with ideas must be prepared to see them misunderstood. -- H. L. Mencken
    20. Re:Pennies must go! by 'nother+poster · · Score: 1

      But what about pricing scheams? Thing's will no longer be $19.99 and $34.99! What about $.99 cent stores? Are you trying to put them all out of business?

    21. Re:Pennies must go! by badmammajamma · · Score: 2, Insightful

      First, dollar bills are extremely durable. Our currency is traded more frequently than Russian currency and that's why it has a shorter lifespan. The U.S. Treasury goes to great expense to produce it's currency and the testing process is extremely rigorous. They mangle, spindle, wet, and wet the bills, they simulate leaving them out in the sun for a year, etc. They pass these tests easily.

      Second, it doesn't matter since the dollar coin has an average life span of 20 years. So even if they trippled the lifespan of the dollar bill, it would still be far short of the coin.

      --
      Any man who afflicts the human race with ideas must be prepared to see them misunderstood. -- H. L. Mencken
    22. Re:Pennies must go! by Kadin2048 · · Score: 3, Informative

      Just in case anyone else was wondering what the hell "Swedish Rounding" was (I'll be honest, my first thought had nothing to do with numbers), here's the deal:

      One day I found a sign on the counter of check out explaining something called "swedish rounding". The explanation said something like they "round down prices ending in 1,2 to 0 and 6,7 to 5 and round up prices ending in 3,4 to 5 and 8,9 to 0." My head was spinning trying to figure out how that worked. I have since see the explanation more simply as 0,1,2 are rounded to zero, 3,4,5,6,7 are rounded to 5, and 8, 9 are rounded to 10.

      from this blog: http://michaelandrews.blogspot.com/2005/07/swedish -rounding-world-famous-in-new.html

      --
      "Ladies and gentlemen, my killbot features Lotus Notes and a machine gun. It is the finest available."
    23. Re:Pennies must go! by level_headed_midwest · · Score: 1

      Hmm. I did not know that any machines took the Susan B. Anthony dollars. They are not common anymore and worth more than a buck to a collector, so I have obviously never stuck one in a machine to try. And if they did, why the heck didn't the government make the Sacajawea dollars the same size, mass, and conductivity as the Susan B.'s so we could use them as a drop-in replacement in vending machines?

      --
      Just "gittin-r-done," day after day.
    24. Re:Pennies must go! by badmammajamma · · Score: 1

      They can still charge *.99 for everything and still have $.99 cent stores. It's just gonna get rounded up when they ring it up. Which, I might add, already happens when tax is added. :)

      --
      Any man who afflicts the human race with ideas must be prepared to see them misunderstood. -- H. L. Mencken
    25. Re:Pennies must go! by sconeu · · Score: 2, Insightful

      Yeah, but think about what happens when the G-string gets full of coins! It's gonna fall off, dude!!!!

      --
      General Relativity: Space-time tells matter where to go; Matter tells space-time what shape to be.
    26. Re:Pennies must go! by SparafucileMan · · Score: 1

      yeah but on average you're talking 2-3% rise in prices, which you don't notice, but which goes right into the company's pockets. 3% of billions of dollars is quite a bit of cash.

    27. Re:Pennies must go! by Thangodin · · Score: 1

      I think it would be a great idea, but stores would hate it: in North America, anyway, prices are quoted without taxes to hide the additional costs, leaving the final sum to the nearest penny. I don't think you can legally sell something to someone for 44.42 if there is no chance to pay the correct amount--it's false advertising, and you can't round the taxes on the receipt either, because that's tax fraud. This means that the days of nice rounded prices would be over (no more $12.99 or $13.00 plus tax) or prices would have to be quoted with taxes included--except that some of your customers don't have to pay the tax...

      See the problem? It can be done, but there would be a shitstorm in the retail sector.

    28. Re:Pennies must go! by Anonymous Coward · · Score: 0

      I think that the strippers would rather that you just weren't so cheap. Grant or Franklin would ptobably be acceptable.

    29. Re:Pennies must go! by ozbird · · Score: 4, Informative

      Agreed, and while you're at it replace your $1 notes (and the rare $2 notes) with coins!

      In Australia, we phased out our 1c and 2c coins about 15 years ago; I think it was mainly a cost-saving measure - and nobody wanted to deal with piddly small change. (The remaining coinage contains between 75% and 92% copper, depending on the denomination, so that fact the 1c and 2c coins were copper is coincidental.)

      The $1 note was replaced with a $1 coin in 1984, and the $2 note was replaced by a coin in 1988. Again, I believe it was a cost-saving measure - the low denominations had a high turnover rate from wear (like the US $1 note), coins are much more durable. There were other spin-offs e.g. use in vending machines.

      Similarly, the old paper notes were replaced with polymer ones from 1992 (though the first, a commemorative $10 note, was released in 1988 for the bicentennial.) Polymer lasts longer and is much harder to counterfeit.

    30. Re:Pennies must go! by TheRaven64 · · Score: 1
      prices would have to be quoted with taxes included--except that some of your customers don't have to pay the tax...

      I'm slightly intrigued by this. Who doesn't pay sales tax? In the UK, we have VAT, which is similar (but not quite the same). Everyone pays sales tax, but VAT-registered companies can claim it back (but then must add it to things they sell). Some B2B stores such as office-world quote the pre-VAT price on the basis that most of their customers will claim it back, but everywhere else[1] displays the final sale price. Everywhere I visited in the US failed to display the sales tax which meant I had no idea what the final cost would be (what state was I in? Was I close to an election[2]? Were the goods I was buying exempt from the tax?). I would love to see it made a requirement that the price advertised is the price you pay (here and in the USA).

      [1] Except mobile 'phone companies, it seems.

      [2] It seems sales taxes go down just before an election if the current incumbents are uncertain of victory.

      --
      I am TheRaven on Soylent News
    31. Re:Pennies must go! by br0ck · · Score: 1

      They did make them the same size, mass and conductivity.

    32. Re:Pennies must go! by TERdON · · Score: 1

      As a Swede I'm curious - why do you call it "Swedish rounding"? We do only have 50 öre coins as smallest (half a krona), but exactly the same situation is found in many other countries...

      --
      I have a really elegant proof for Fermat's last theorem. If this sig was only a bit longer...
    33. Re:Pennies must go! by amliebsch · · Score: 1
      I'm slightly intrigued by this. Who doesn't pay sales tax?

      It varies state by state, but generally purchases for the purpose of reselling are not assessed with sales tax, the idea being that the good and materials should only be subject to sales tax once. So, for example, if I go and buy pencils and paper from Kmart so that I can put together pencil/paper bundles and sell them in my shop, my purchases of pencil and paper are exempt from sales tax. Also, many states have exemptions for government purchases, and some also have exemptions for charities and churches.

      --
      If you don't know where you are going, you will wind up somewhere else.
    34. Re:Pennies must go! by Anonymous Coward · · Score: 1, Funny

      Because when the New Zealanders got rid of their smaller denominations of 1 & 2c, they threw them over their heads and yelled bork, bork, bork!

    35. Re:Pennies must go! by technothrasher · · Score: 1
      They are not common anymore and worth more than a buck to a collector


      Really? Last I checked, you could go to any bank and get a roll of Susan B's, no problem. I used to do this to pay my daily $1.10 toll with two coins instead of of five. But it's been about six years since my commute changed and I stopped having to pay the toll. Maybe you can't get 'em so easily anymore, but I'd be surprised.

    36. Re:Pennies must go! by The+Spoonman · · Score: 4, Funny

      Ah, you never been to Canada. They don't stay on very long anyway. All nude, all alcohol, all smoking! Nekkid chicks the way they're supposed to be seen! LOL!

      --
      Which is more painful? Going to work or gouging your eye out with a spoon? Find out!
      http://www.workorspoon.com
    37. Re:Pennies must go! by trentblase · · Score: 1
      You can't even buy a cup of coffee anymore with a dollar bill.

      But I can still get all my long distance calls for just $0.99!

    38. Re:Pennies must go! by 777film · · Score: 1

      So, dollar coins flop as you can't really use them anywhere except in stores. And you generally buy more than a buck's worth of stuff in a store.

      I recently got 15 dollar coins as change from a machine at the post office and they were a pain to get rid of. The guy at the mini-mart had never seen one and thought I was trying to pass a foreign coin, the guy at Quiznos begged me to use something else because their cash register tray didn't have a slot for them. I finally used them all but it was always with a grunt or look of dismay.

      (They're also heavy in the pockets-- you know when you're carrying a few around.)

      The only way a dollar coin is going to become accepted is if (a) we drop the paper dollar entirely and (b) the dollar is devalued to the point where we see them as we do quarters now-- i.e. not worth enough to pick up off the dresser. Right now the dollar is still worth something-- one might not buy you a cup of coffee (depending on where you go), but four or five will still buy you a meal.

    39. Re:Pennies must go! by badmammajamma · · Score: 1

      Um...no. If I buy 5 items at the grocery store:

      milk 2.49
      cheese 3.29
      crackers 3.19
      pop-tarts 2.89
      gum .87
      ---------------
      Total 12.73

      G. Total 12.75

      With a rounding scheme, the total price would be 12.75 in this example. So, in this case the price increase is a grand total of $.02 cents. Please explain to me how that adds up to a 2 - 3% increase in prices? According to my math, a 2% increase would mean a price increase of ~25 cents.

      Also, the rounding can just as easily be in my favor. In fact, I had to modify this example from what I originally had just so the rounding worked in the store's favor.

      Just to be clear: the rounding is on the grand total, not each item.

      --
      Any man who afflicts the human race with ideas must be prepared to see them misunderstood. -- H. L. Mencken
    40. Re:Pennies must go! by Matt_R · · Score: 1

      After we dumped out 1 & 2 cent coins, $1.99 prices still existed. Round off the total of the transaction, not each individual item. I guess it also helps that our prices are usually including tax, not excluding - but it wouldn't make that much of a difference.

    41. Re:Pennies must go! by drew · · Score: 1

      You missed the point. Assuming the rounding is done to the nearest nickel on the combined total rather than on each individual item, I could buy 2 $0.99 items, which would be $1.98 and would thus round up to $2.00, or I could buy 4 $0.99 items, which would be $3.96 and would round down to $3.95. If the store doesn't know how many or which combination of items you are purchasing, it could never set prices so that they would always round up.

      --
      If I don't put anything here, will anyone recognize me anymore?
    42. Re:Pennies must go! by Anonymous Coward · · Score: 0

      In England these are generally exempt or simply ignored by the tax collectors.

    43. Re:Pennies must go! by SparafucileMan · · Score: 1

      Because alot of people would go in an buy one thing. And in general, the less items you buy the better ability the store has to get you to round up. They'll definitely make a significant profit off the whole deal. Also, in terms of practicality, it would never work. What if you pay with a debit or a check or a credit card, do I have to round up? Why?

    44. Re:Pennies must go! by StalinsNotDead · · Score: 1

      Grant or Franklin would ptobably be acceptable.

      Maybe not in Canada.

      --
      Thanks to the internet, we can now all die alone together! -SomeWoman
    45. Re:Pennies must go! by SparafucileMan · · Score: 1

      no, i didn't. the store can change the prices so that the fewer items you purchase the more likely it is that you get rounded up.

    46. Re:Pennies must go! by RFC959 · · Score: 2, Informative
      ...Susan B. Anthony dollars. ...worth more than a buck to a collector


      They aren't.


      why the heck didn't the government make the Sacajawea dollars the same size, mass, and conductivity as the Susan B.'s


      They did.
    47. Re:Pennies must go! by Billygoatz · · Score: 0



      Then they should make a .99 cent coin.

    48. Re:Pennies must go! by Rucker · · Score: 1

      Sales taxes vary on locality as you've noticed, in both the percentage and the application. In general, (many) not-for-profit agencies (e.g. churches, volunteer fire departments, charitable organizations) do not pay sales tax. Also, sales made in locations where the seller does not have a presence can be exempt (e.g. internet sales, mail-order). In some places, clothing, food, and/or some or all services may be exempt. I'm sure there are other cases that I don't recall or haven't heard of yet.

      In some localities, foreign visitors pay sales tax and can claim a refund (which may sound familiar to VATs you're familiar with).

      --
      Rucker
    49. Re:Pennies must go! by Anonymous Coward · · Score: 0

      as a swede i would think it becus stuff still are labels 9.90 not 10 but thats what you got to pay, unless
      you buy three and then you pay 29.50

    50. Re:Pennies must go! by Mattwolf7 · · Score: 1

      They made Susan B Anthony coins in 1999 still so they have no collectors value...

    51. Re:Pennies must go! by badmammajamma · · Score: 1

      Yes, and a lot of people will buy more than one thing. You have absolutely zero evidence that this would result in any increased revenue for the stores. As for credit cards, obviously this rounding isn't necessary but my guess is that they'd do it anyway for consistency.

      --
      Any man who afflicts the human race with ideas must be prepared to see them misunderstood. -- H. L. Mencken
    52. Re:Pennies must go! by johncadengo · · Score: 1

      Mexico, although not well-known for its liberalism or up-to-dateness relative to the rest of the world, has had coins worth up to $100 Mexican Pesos (which is around $10 American) since 2004, and has had $50 Mexican Pesos ($5 American) since basically the creation of the "New Peso" around 1993. That isn't too much compared to Australia but it's a lot better than us Americans are doing with dollar bills being so widely produced, lost, destroyed, and wasted.

      --
      My page.
    53. Re:Pennies must go! by Detritus · · Score: 1

      Every time the subject comes up on Congress, the zinc lobby campaigns against the idea of eliminating the penny. It's one of their major markets.

      --
      Mea navis aericumbens anguillis abundat
    54. Re:Pennies must go! by StikyPad · · Score: 1

      I've always thought Swedish meatballs would be a great form of currency, but I never thought any country would actually have the balls to go through with it. Kudos to New Zealand!

    55. Re:Pennies must go! by filament · · Score: 0

      From the site of the Royal Australian Mint:

      The last one cent coins were dated 1990 and the last two cent coins were dated 1989. They were progressively removed from circulation starting in 1992 ... 1c and 2c pieces are still Australian legal tender, but they are not considered as 'currency' (or, money that is officially released for circulation). This means that you can take your old 1c and 2c coins to the bank and exchange them for currency totalling the same face value.

      You can still use 1c and 2c pieces, but you never see them any more. If you buy a single 7c washer from a hardware store, you only pay 5c. Some people are suggesting it is time to phase at the 5c piece; washers and lollies are about the only things that cost less than 10c.

      --
      This sig is covered under the GPL.
    56. Re:Pennies must go! by StikyPad · · Score: 1

      I believe US currency is destroyed well before the end of its useful lifespan mainly to combat counterfeiting. In the counterfeit arms race, it may be trivial to reproduce a bill from 10 years ago. Destroying old currency means that you should take notice if a lot of older bills suddenly show up (and banks, casinos, and other large cash businesses do).

    57. Re:Pennies must go! by Anonymous Coward · · Score: 1, Informative

      The US released a dollar coin in the past couple years.

      No one uses it. In all my time in retail (5 years in two locations) I can think of only a handful of times anyone has ever paid for anything with the dollar coins. Personally, I hate having change in my pockets any more than necessary, and having to carry around coinage just to use vending machines or make small purchases is annoying, much more so than carrying notes, which are compact and don't jingle.

      I also attribute its failure partially to some of the public thinking the coin was "collectible" and thus hoarding rather than spending them

    58. Re:Pennies must go! by badmammajamma · · Score: 1

      That wouldn't work in the U.S. since we tax items only after the total purchase has been computed, not individually like you do with VAT taxes.

      --
      Any man who afflicts the human race with ideas must be prepared to see them misunderstood. -- H. L. Mencken
    59. Re:Pennies must go! by aardvarkjoe · · Score: 2, Insightful
      I'm not quite sure what you mean ... are you saying that because a "$1.00 plus tax" item should cost $1.08, and the closest you can get is $1.10, that selling it at that price wouldn't be allowed? If so, I really don't think that's much of an issue. Right now, taxes in my area are something like 7.75%, so that $1.00 item should "really" cost $1.0775 ... but there's no problem with rounding to the nearest penny. I can't see any reason why rounding $1.08 to $1.10 is really any different.

      Of course, there are laws that prohibit that on the books today (I believe those are what you are referring to, right?), but compared to the effort of getting rid of pennies in the first place, changing those laws to allow rounding to the nickle rather than the penny is pretty trivial.

      --

      How can we continue to believe in a just universe and freedom to eat crackers if we have no ale?
    60. Re:Pennies must go! by ceoyoyo · · Score: 1

      I was appalled when I got one of the giant 2c coins in England. I mean, pennies are annoying, but pennies that are bigger than loonies ($1 coin in Canada) are ridiculous!

    61. Re:Pennies must go! by ceoyoyo · · Score: 1

      How is $12.99 a nice round number? I've always hated that practice. You mean $13, SAY IT! Quit trying to play your little psychological games on me. I'm on to you! Hear that? I'm ON TO YOU!

    62. Re:Pennies must go! by fLameDogg · · Score: 1
      And in fact, my experience bears the truth of this out, in a reverse sort of way. Using a ten-dollar bill, I bought some stamps from a post office vending machine after the recent hike in US postal rates. I received several dollar coins in my change, all Sacagaweas except for one lone Susan B. Anthony.

      Not that an anecdote proves anything compared to your link, of course.

      --
      fD
    63. Re:Pennies must go! by ConceptJunkie · · Score: 1

      See the problem?

      Do you mean the fact that they couldn't call it $12.95 instead and get the same effect?

      --
      You are in a maze of twisty little passages, all alike.
    64. Re:Pennies must go! by ceoyoyo · · Score: 1

      But just think of how much faster people can put money in your machine if you DO retrofit it. Why, they can throw a dollar at a time in, rather than just quarters!

    65. Re:Pennies must go! by ConceptJunkie · · Score: 1

      I thought "Swedish rounding" was what you had to do to be a member of the Bikini Team.

      --
      You are in a maze of twisty little passages, all alike.
    66. Re:Pennies must go! by kbrosnan · · Score: 1

      "The Mint took great care to create the coin with the same size, weight, and electromagnetic properties as the Anthony dollar, but with a golden color."

      Sacagawea_dollar and US Mint coin specifications
      --
      These people look deep within my soul and assign me a number based upon the order I joined. -Homer Simpson
    67. Re:Pennies must go! by geekoid · · Score: 1

      " Agreed, and while you're at it replace your $1 notes (and the rare $2 notes) with coins!"

      Made out of copper! oh wait... ;)

      --
      The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
    68. Re:Pennies must go! by level_headed_midwest · · Score: 1

      Hmm. I did not know that, only that the machines spat out my Sacajawea dollars.

      --
      Just "gittin-r-done," day after day.
    69. Re:Pennies must go! by dextromulous · · Score: 2, Interesting

      It seems that you may have not actually been to a strip club in Canada, because from what i hear (^H joke averted...) the women sit there and stick loonies to themselves (you'll have to guess where) and you throw loonies at those to knock them off...

      --
      There are two types of people in the world: those who divide people into two types and those who don't.
    70. Re:Pennies must go! by sr180 · · Score: 1

      There was a grace period. One and two cent coins were eliminated and no longer available from our Central Bank. However, for a period they were still legal tender and able to be traded. They are no longer legal tender and only worth their weight in the metal itself. (Two tenths of fk all.)

      --
      In Soviet Russia the insensitive clod is YOU!
    71. Re:Pennies must go! by zojakownith · · Score: 0

      i live in oregon and we dont have sales tax. I believe there are also a few other states that also do not have sales tax.

      --
      I have bad karma....

      Open source is heavenly, Microsoft is the devil, SCO is going to hell

    72. Re:Pennies must go! by Q-Kumbers · · Score: 2, Informative

      10. Are 1c & 2c coins still legal tender?

      Yes, 1c and 2c pieces are still Australian legal tender, but they are not considered as 'currency' (or, money that is officially released for circulation). This means that you can take your old 1c and 2c coins to the bank and exchange them for currency totalling the same face value.

      Source: Royal Australian Mint

    73. Re:Pennies must go! by Anonymous Coward · · Score: 0

      Hope they keep improving, too - can't wait until they get rid of the 5c coins. And while they're at it, outlaw the ridiculous practice of selling at prices like "5.97" - round to something people can pay.

    74. Re:Pennies must go! by Anonymous Coward · · Score: 0

      I've never met a Canadian stripper who didn't like George Washinton!

    75. Re:Pennies must go! by daveb · · Score: 1
      No one uses it. -snip- I also attribute its failure partially to some of the public thinking the coin was "collectible" and thus hoarding rather than spending them

      New Zealand simply withdrew the notes from circulation and never isued any further paper dollar notes - I believe they are still "legal tender" if you can find any. The notes are now collectable. If the US tresury were serious about migrating to coins they would have done the same - obviously they weren't

    76. Re:Pennies must go! by LouisZepher · · Score: 1

      He's not suggesting that they round off on the reciept, but round the taxes themselves to the nearest nickel. You do have a point that stores will no longer be able to fool people into thinking that 9.99 is a SUPER FANTASTIC deal compared to 10.00.

    77. Re:Pennies must go! by zippthorne · · Score: 1

      Why do people keep saying you can't get $2 notes? Just go the bank and ask for some. They're still in circulation, and they're even still printed.

      --
      Can you be Even More Awesome?!
    78. Re:Pennies must go! by alexq · · Score: 1

      you could also just describe this as "rounding to the nearest five" :)

    79. Re:Pennies must go! by dubl-u · · Score: 1

      I also attribute its failure partially to some of the public thinking the coin was "collectible" and thus hoarding rather than spending them

      The main cause of failure was that they coin was poorly designed (too much like a quarter) and adoption wasn't much encouraged. I lived in Australia for a while, and feel that the $1/$2 coin approach is much superior to the $1 note. US $1 notes seem as silly to me as replacing the quarter with a $0.25 note.

    80. Re:Pennies must go! by jonwil · · Score: 2, Insightful

      Also, unlike the yanks, we actually retired the old notes when the new ones were released.

      Every time I see one of those shows on TV (or an article online) about how the US has added x or y security feature to the new $ bill, I wonder why they bother since the old bills are still legal tender so the counterfiters will just counterfit those. And, there will probobly be enough bills in circulation that it would be difficult to say "anytime you see an old bill, check carefully to be sure its not counterfit"

    81. Re:Pennies must go! by arminw · · Score: 1

      .....Who doesn't pay sales tax?.....

      We don't have sales tax on anything here in Oregon. If I buy something for $.99, I get a penny back on a dollar. In neighboring California, most food in grocery stores does not have sales tax but everything else does. In the US every state has their own rules as to what if anything gets taxed and by how much. This is one of the reasons why Internet purchases are not always taxed even if a similar purchase in a store would be.

      --
      All theory is gray
    82. Re:Pennies must go! by Cyberax · · Score: 1

      I have the opposite expirience with dollar bills, they are very easy to tear (no dollar bill has survived more than two days in my pocket :) ). The dye used to print dollars can survive laundry washer but the paper can be easily teared.

      And I agree that counterfeiting combat is a valid reason to make dollars less durable.

    83. Re:Pennies must go! by onnellinen · · Score: 1
      As for credit cards, obviously this rounding isn't necessary but my guess is that they'd do it anyway for consistency.

      Finland does not issue one or two cent coins. When paying cash total is rounded to the nearest 5 cents. Rounding does not occur, if paying with bank or credit card.

      Implementing something like this is costly, as all cash register software needs to be updated.

    84. Re:Pennies must go! by aug24 · · Score: 1

      Don't bother discussing notes with the yanks. They still haven't worked out that having them all the same size and the same colour is (a) bad for the blind and (b) good for counterfeiters.

      [Watch me get modded flamebait]

      J.

      --
      You're only jealous cos the little penguins are talking to me.
    85. Re:Pennies must go! by aug24 · · Score: 1

      Note to self: re-locate stag night to Canada.

      --
      You're only jealous cos the little penguins are talking to me.
    86. Re:Pennies must go! by AGMW · · Score: 1
      I was appalled when I got one of the giant 2c coins in England. I mean, pennies are annoying, but pennies that are bigger than loonies ($1 coin in Canada) are ridiculous!

      I always find it hard to adjust to the fact that the ten cent piece (dime?) is smaller than the five cent piece (nickel?). Go figure!

      ... oh yes, and in the UK, it would of course be a "2p" piece.

      --
      Eclectic beats from Leeds, UK
      handmadehands.co.uk
    87. Re:Pennies must go! by ceoyoyo · · Score: 1

      Right you are. 2p. It wasn't that the 2p piece was bigger than other coins, it was that it was so big for such an insignificant amount. Carrying around pennies is bad enough.

    88. Re:Pennies must go! by AGMW · · Score: 1
      It wasn't that the 2p piece was bigger than other coins, it was that it was so big for such an insignificant amount.

      Interestingly (or maybe not?), the UK 2p coin is exactly twice the wieght of the UK 1p coin. Why this should be so, I've no idea.

      I wonder if there was some attempt to have all the copper coins (now just the 1p and 2p coins, but formerly we had 1/4 (aka farthing) and 1/2 pence pieces too) in increasing size/wieght, then a similar, though different, scale for the silver pieces, 5p 10p 20p 50p, though I think the 10p piece is actually bigger than the 20p (although of course the 20p and 50p have corners to help differentiate). Of course then we have the £1 and £2 coins, which are thicker coins.

      We used to have 3d, 4d, 6d, 12d (AKA shilling), 1/2 crown (24p or 25? or whatever the hell that was!) in the "olden days" (notice 'd' and not 'p') as well as some commemerative £5 coins in recent years.

      I expect someone spends a huge amount of time designing these coins, and I'd have to say I like our £1 and £2 coins over the old notes (though we didn't used to have a £2 note).

      It does seem that coins are really old fashioned though, and why not use something like a cash-card (eg mondex or one of it's rivals) instead. The only problem with these cash-cards is that the Governments see it is some way to track cash, and that's why they don't work. The cash-cards should be just that, so if you lose your cash-card you have lost the cash that's contained on it, and if you find one, you can spend it.
      I think society's need a cash equivalent and the Government could "mint" blank cash cards instead of coins. Give the cards out for free, even sell the space on the cards to advertisers, and it'd be way cheaper than the current system. It'd maybe offer all the advantages of cash without the costs of cash.

      --
      Eclectic beats from Leeds, UK
      handmadehands.co.uk
    89. Re:Pennies must go! by east+coast · · Score: 1

      This is interesting but who is "we"?

      --
      Dedicated Cthulhu Cultist since 4523 BC.
    90. Re:Pennies must go! by hyperizer · · Score: 1

      They are used for subway systems, so a batch was minted in '99. They aren't worth more than a buck to collectors unless they are in really pristine condition.

    91. Re:Pennies must go! by Chuq · · Score: 1

      In Australia we round to the nearest 5c, and if you pay by EFTPOS or credit card you pay the exact amount - no rounding. It's only if you pay by cash the total amount gets rounded.

      I suppose you *could* work this in your favour - look at the total before deciding how you want to pay - if rounding would result in an increase in cost, pay by card, if it would result in a decrease, pay by cash.

      --
      - Chuq
    92. Re:Pennies must go! by Chuq · · Score: 1
      washers and lollies are about the only things that cost less than 10c

      .. and Lego parts.

      --
      - Chuq
    93. Re:Pennies must go! by Kadin2048 · · Score: 1

      Yeah but saying "to the nearest five" doesn't accurately describe what to do when the number ends in a 3 or 7 (in this case, round up for 3 and down for 7).

      --
      "Ladies and gentlemen, my killbot features Lotus Notes and a machine gun. It is the finest available."
    94. Re:Pennies must go! by alexq · · Score: 1
      Yeah but saying "to the nearest five" doesn't accurately describe what to do when the number ends in a 3 or 7 (in this case, round up for 3 and down for 7).

      err, how do you figure that? 7 is closer to 5 than it is to 10. the equivelent to 3 in the next grouping is 3+5=8....

      0 1 2 3 4 5 6 7 8 9 10
      ----- --------- ------

    95. Re:Pennies must go! by operagost · · Score: 1
      Technically, if you somehow find a 1980 or 1981 in your change (lol) in near-mint (AU) or mint (MS) condition, it will be worth a little more than face.

      Another curious note is that the mint was forced to produce SBAs in 1999 because dollar coins were in short supply, believe it or not. I bought an SBA Proof that year, anticipating that no one else would and the mintage would be low. I was right, and it's already worth a good percentage over face. Too bad I hadn't followed through on my other financial hunch in 1999: buy AMD stock.

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    96. Re:Pennies must go! by sjames · · Score: 1

      Not to mention that a pair of bootlaces and a couple bucks in pennies can make a blackjack that's PERFECT for hijacking a plane. Won't someone please ban pennies for the children?

    97. Re:Pennies must go! by FuzzyDaddy · · Score: 1

      No one ever thinks of the children. So sad.

      --
      It's not wasting time, I'm educating myself.
    98. Re:Pennies must go! by wheany · · Score: 1

      I'm guessing Finland. Finland did mint some 1 and 2-cent coins for collectors when we started to use euros, but they are not in regular use. Stores must of course accept them as payment because they are legal money.

      When paying with cash, the final price of the purhchase is rounded to the nearest 5 cents (prices ending in 1, 2, 6 and 7 are rounded down, while 3, 4, 8 and 9 are rounded up). If you use a credit or debit card, you pay the exact price.

      Yes, the price is always rounded when paying with cash, even if you have 1 or 2 cent coins to pay the exact price.

    99. Re:Pennies must go! by east+coast · · Score: 1

      I can agree with this to a point, I think the idea of having to round even if you have the correct change (1-4 pennies) is taking it a bit far tho. How widespread is the use of debit/bank cards in Finland?

      --
      Dedicated Cthulhu Cultist since 4523 BC.
    100. Re:Pennies must go! by wheany · · Score: 1

      To my knowledge, very widespread. As in I use one, pretty much all my friends use one and I have this feeling of reading about it somewhere. So, mostly anecdotic, with a pinch of pulling stuff out of my ass.

    101. Re:Pennies must go! by east+coast · · Score: 1

      To my knowledge, very widespread. As in I use one, pretty much all my friends use one and I have this feeling of reading about it somewhere.

      Yeah, I mostly use one. Normally the only real cash I spend is at the pub. Ultimatly I don't think it's a bad idea to cut pennies but I don't think it will have a real warm reception here in the states. In time I think it would be more accepted.

      --
      Dedicated Cthulhu Cultist since 4523 BC.
  34. quick by Arthur+B. · · Score: 1

    buy calls on copper... serioulsy, has anyone access to historical datas on commodities?

    --
    \u262D = \u5350
  35. What's the problem? by kireK · · Score: 2, Informative

    If you read the article, it does note that usages is down from the 1999 high of 238 kilograms per person to only 170 kilograms of copper per person in 2005. At this rate will there be a shortage?

    1. Re:What's the problem? by RealErmine · · Score: 1

      If you read the article, it does note that usages is down from the 1999 high of 238 kilograms per person to only 170 kilograms of copper per person in 2005. At this rate will there be a shortage?

      If you care to look back at the article it says:

      "...the teams' data showed that overall copper use in the U.S. climbed to a high of 238 kilograms per person by 1999."

      and

      "In fact, residents of Canada, Mexico and the U.S. required an average of 170 kilograms of copper per person."

      U.S. usage was 238 kg/person in 1999 by itself. The U.S., Canada and Mexico average 170 kg together. Comparing these two numbers does not indicate a trend.

      --
      Dewey, you fool! Your decimal system has played right into my hands!
  36. Silver by michaelmalak · · Score: 2, Insightful

    You've heard of peak oil and now peak copper, but there are only 12-25 years of known silver deposits left, and silver is the best conductor of electricity and is also used in a lot of other (yes, non-photographic) industrial uses.

    1. Re:Silver by rjstanford · · Score: 1

      Funny how BRK (Buffett's company) started buying the crap out of it 5-6 years ago, isn't it?

      --
      You're special forces then? That's great! I just love your olympics!
    2. Re:Silver by Anonymous Coward · · Score: 0

      Most naturally occuring copper has silver in it, so silver is a byproduct of copper mining. In fact, many copper mines we founded to exploit the silver, until the value of copper increased. A significant amount of silver (about 1/3 of the total mined globally, I think) is produced from copper mines. The future of silver is directly linked to the future of copper.

  37. Economics by leandrod · · Score: 5, Insightful

    Economics is all about how we deal with scarcity. Prices go up, alternatives are found. If prices went up, we'd go 220V to use thinner wires, we'd prefer local sources of energy to use shorter lines, we'd go all fiber for data and voice, and so on... and we'd find new sources, alternative metals.

    --
    Leandro Guimarães Faria Corcete DUTRA
    DA, DBA, SysAdmin, Data Modeller
    GNU Project, Debian GNU/Lin
  38. Recycle by Belseth · · Score: 1

    There are vast amounts of copper and other valueable materials in the dumps around the world. Eventually the dumps will be gold mines given many of the materials like copper are recyclable. It's not that copper is so rare but it's been cheaper than it should have been. What it really means is our technological society depends on cheap copper like cheap oil. Oil won't run out in our lifetimes and neither will copper but but it will go up drastically in price. It may not affect the price of electronic components that use realitively little copper but it will have an affect on things like power lines. It may not be practical one day to build vast infastructures of copper lines. Localized power would solve that problem and is another reason solar may not not be a solution but it can help. Copper pipes will be one of the first to go once copper gets scarce. Pastic in some ways works better these days. Copper isn't the new gold or silver but it could it could go up three or four fold in our lifetimes which is enough to change everything.

  39. Off Topic by lonb · · Score: 2, Funny

    Didn't Homer make Bart do that too? Oh wait, that was grease reclamation.

    --
    "Ain't I a stinka..." - Bugs
    1. Re:Off Topic by Anonymous Coward · · Score: 0

      Tha's my retirement grease!

  40. Re:Pennies by pclminion · · Score: 1
    Why not just do away with the penny in american currency? It is one of the most useless peices of coinage in the world. Melting the current supply of pennies would give us how many million pounds of copper.

    Not much. Considering that pennies are not made of copper, only coated in it.

  41. Small correction by HunterZ · · Score: 0, Redundant

    Pennies are made mostly out of zinc these days.

    --
    Arguing about vi versus Emacs is like arguing whether it's better to make fire by rubbing sticks or banging rocks.
  42. Horn of Plenty by Billosaur · · Score: 1

    PSSSSSSSSTTTTT!!! Want to know where you can find all sorts of copper lying around, preprocessed? The local landfill! People have been throwing away copper-containing components since Edison's day. All the garbage dumps in the world are probably brimming with old wires, telephones, vacuum tubes (did they use copper?), and all sorts of detritus containing copper. Start digging and don't mind the stench!

    --
    GetOuttaMySpace - The Anti-Social Network
    1. Re:Horn of Plenty by afidel · · Score: 1

      The author of the scholarly paper that this article is based on estimates that the amount of copper in the US is roughly 1/3rd in the ground, 1/3rd in use, and 1/3rd in landfills. This means that soon mining of landfills for copper might become viable as the difficulty of obtaining new raw ore generally increases astronomically as the percentage of known reserves shrinks below a certain threshold.

      --
      There are 4 boxes to use in the defense of liberty: soap, ballot, jury, ammo. Use in that order. Starting now.
  43. Oh boy it's the Chicken Little Herald again by Illserve · · Score: 1

    Surely we have worse things to worry about than a copper shortage.

    I think our infrastructure can handle adopting different metals for certain purposes, and using what copper we have left for critical applications.

    This is the way everything works, you piss away resource X like it's going out of style (e.g. copper tubing !?! ) and then when the resource starts to bottom out, you find replacements for most of the uses, and conserve the remainder for the neccessary applications

    No big deal.

    I swear, the media's getting worse by the day, what's next on the worry list? Not enough sand for making CPU's?

  44. As a Plumbing Contractor..... by sulphurlad · · Score: 1

    Ahhh Fuck.... just went through a price increase over PVC/CPVC because the they are oil based products to the tune of 50% in 2 months. Now this....
    As it is, if it wasn't for the installation cost, the old Cast Iron pipe and fittings as the say price as PVC (Waste Pipe). The labor is alot higher because kids today have no gumpsion to lift cast iron pipe and be a real plumber, you know "Worker of Lead".

    Right now CPVC ( Water Pipe ) is about the same as copper Pipe. Labor is higher through. It's easier to glue shit together than to prep copper and heat it up to 1000 Degrees and solder it.

    Man this is just going to kill the construction industry which keep the economy afloat during the Dot Com Bust.

  45. Aluminum by po8 · · Score: 2, Interesting

    If copper becomes expensive, developing countries will just use aluminum. The biggest problem with aluminum wiring is joining it to copper; this is the only thing that really inhibited aluminum wiring in this country, where there was already a ton of copper wiring everywhere. Places starting from scratch won't have that problem so much. Long-distance transmission lines will likely be copper for a long time due to the lower resistance. (Gold, BTW, is a worse conductor than copper, and is quite comparable with aluminum. Silver is slightly better than copper, if you're willing to pay.) There will be more and more transmission lines being built with superconductors, though!

    Of course, the incredible energy requirements of aluminum production yields its own set of headaches. But if we don't solve that problem, the wiring dilemma will be moot anyhow.

    1. Re:Aluminum by Spectre · · Score: 1

      Power transmission lines have been aluminum since practically forever ... pound-for-pound, aluminum is a better conductor than copper.

      --
      "Flame away, I wear asbestos underwear"
    2. Re:Aluminum by kidgenius · · Score: 1

      Problem with aluminum is that in wiring, it can causes problems....such as fires. That's why we use copper in homes nowadays, and aluminum is no longer around.

    3. Re:Aluminum by nincehelser · · Score: 4, Informative

      >Long-distance transmission lines will likely be copper
      >for a long time due to the lower resistance.

      Transmission lines are already often made with aluminum.

      The problem with aluminum for transmission lines isn't so much the conductivity, but the mechanical strength. Aluminum is paired up with steel or some composite to solve that issue.

    4. Re:Aluminum by Bassman59 · · Score: 2, Informative
      Problem with aluminum is that in wiring, it can causes problems....such as fires. That's why we use copper in homes nowadays, and aluminum is no longer around.

      The problem is the corrosion that results when you try to connect aluminum and copper wiring. The connection (if not treated with those special compounds) gets highly resistive and heats up, starting fires.

    5. Re:Aluminum by po8 · · Score: 1

      Thanks much for the correction. I had not realized this!

    6. Re:Aluminum by no_carrier · · Score: 1

      No, look in a CRC or google "electrical conductivty copper"

      Aluminum is 38 / ohm-m, while copper is 60 / ohm-m. The difference is that copper is a much softer and more expensive.

    7. Re:Aluminum by kidgenius · · Score: 1

      Not necessarily. As the aluminum heats up it expands, then contracts as power is cut. This thermal cycle is enough to cause the aluminum wiring to free itself from certain connectors (push-in style). Now, it is possible that you can install aluminum wiring and have it be safe. You have to use post-style power switches/outlets. But, you have to make sure the wiring is wrapped around the post well, and that it is tightened down extremely well. It takes a lot more care than just plain old copper.

  46. Substitute for copper by VernonNemitz · · Score: 1

    Copper/aluminum alloys are often used in electrical connections, where either pure copper or pure aluminum must be connected. The alloys are less conductive than either of the two pure metals, but only small amounts are used, and their purpose is to reduce or prevent the possibility of electrochemical corrosion when dissimilar metals are in contact.

    Thus, CAT5 could in theory be replaced by a heavier-gauge pure-aluminum cable, and the connectors on the end could be either copper/aluminum alloy or something better, like gold-electroplated aluminum. Aluminum is a very plentiful element compared to copper. The electrical industry found that it could not use the metal reliably in end-use situations (homes, businesses, etc.) because the metal is soft and the connections loosen (and sparks across the gaps have caused fires), but it IS used quite reliably in major power-transmission lines. It COULD be used in communcations wiring because the current loads are tiny (and the appropriate heavier gauge, to match the lower resistance of copper, still costs less than copper). You just need to ensure the communications wiring is well-sealed away from corrosive stuff like "salt air" at an oceanside resort (such as by electroplating exposed aluminum with gold).

    1. Re:Substitute for copper by corngrower · · Score: 1

      I very much doubt if you could replace the copper in cat5 cable with aluminum. It would be much more likely they'd be replaced with fiber. Copper is much more ductile than aluminum. In order to get the high data rates of cat5, the conductors must be of small diameter. Larger diameter wires have larger capacitance, thus reducing data rates. If you tried to use aluminum of the same gauge as the copper in cat5 cabling, the wire would likely break when it was bent.

  47. Recycling by midifarm · · Score: 1

    Is there an efficient way to recycle old wire? I'd rather not have to throw it away. How about alternative metals?

  48. Re:Pennies by freidog · · Score: 1

    not really. A penney (post 1982) is only 2.5% copper, and 97.5% Zink.

  49. Tesla by Dorion+caun+Morgul · · Score: 1

    Looks like Tesla's wireless conduction dream gets more and more attractive. No need for long High Voltage lines.

  50. Re:Pennies by linuxwrangler · · Score: 4, Interesting

    Maybe a lot of /.ers are too young to remember the great penny hoarding of a few decades back. At the time, copper reached a price that a penny contained more than a penny worth of copper so people started hoarding them and melting them down. There was a shortage of pennies for change and some shopkeepers resorted to rounding to the nickel, others used candy for change.

    The composition of the penny was changed to use copper plate. I seem to recall that the feds outlawed melting of pennies as well but that was a long time ago.

    Anyway, I agree that eliminating the penny is long overdue but the feds don't seem to want to make that embarrasing admission that inflation exists and money is becoming worthless. Back in the day when Nixon imposed the (ill-considered and ineffective) wage and price freeze it was in response to runaway inflation at ~3%. Nowdays we call that rate "controlled". Hell, during the reign of the great inflation-controlling Greenspan, the dollar lost about half of its purchasing power. Time to drop the charade.

    --

    ~~~~~~~
    "You are not remembered for doing what is expected of you." - Atul Chitnis
  51. UK pennies are magnetic by alanw · · Score: 1
    Since 1992, UK "coppers" have been made out of Copper plated steel, rather than bronze.

    There are several interesting links between the Royal Mint and Neal Stephenson's ( Slashdot Interview) Baroque Cycle , including references to Hooke and Newton, to whom the quotation "standing on the shoulders of giants", which is engraved around the edge of £2 coins, is ascribed. The Trial of the Pyx, which forms part of the plot, exists, and has been carried out ever since 1282.

    1. Re:UK pennies are magnetic by ScentCone · · Score: 1

      The Trial of the Pyx, which forms part of the plot, exists, and has been carried out ever since 1282.

      What a great read those three books were. Only Stephenson could make a totally wonky, nerdy process like a metallurgical examination of currency actually thrilling. I highly, highly recommend The Baroque Cycle. Really.

      --
      Don't disappoint your bird dog. Go to the range.
  52. or... by hjf · · Score: 0

    you could replace copper with something else. My house (in Argentina) has PVC pipes. There are a lot of varieties. PVC and Teflon, aluminum shielded, etc. Also, you could stop using copper in coins. Why use such an expensive and heavy material when you could use something lighter (your pockets will thank you).

  53. In Other News by susano_otter · · Score: 1

    There are not enough trees to sustain the industrialization of the western world.

    All the factories will be shutting down any day now.

    --

    Any sufficiently well-organized community is indistinguishable from Government.

  54. Re:Pennies by Anonymous Coward · · Score: 0

    Pennies haven't had a significant copper component since, what, 1983?

    Chill.

  55. I knew it... by CptPicard · · Score: 2, Funny

    that those minimal spanning tree algorithms I learned in university would come in handy!! :-)

    --
    I want to play Free Market with a drowning Libertarian.
  56. Re:Pennies by voice_of_all_reason · · Score: 1

    Because every price in the country would have to round to numbers divisible by five. And guess which direction they'll all choose? (UP)

    Sales tax going from 8.25% to 10% won't be too bad, but wait until the federal/state/city taxes jump from like 16% to 20%. Each.

  57. Cry me a river by Anonymous Coward · · Score: 0

    "Waaaaaah we dont have enough food"

    "Waaaaaah there arent enough Xbox 360s!"

    "Waaaaaah we dont have enough copper" - cause its all in the 360s!

    Christ, people all over want everything!

  58. Great News by willardj · · Score: 1

    As an Employee of Kenncott / Rio Tinto I have to say this is music to my ears! All Your copper mines are belong to us

  59. Use Aluminium by 2901 · · Score: 1

    It has already replaced copper in electrical applications that benefit from it being twice as conductive per unit mass.

    It is 65% of the conductivity of copper by volume, close enough that one can just use a slightly fatter (though lighter) wire, and still get the same resistance.

    1. Re:Use Aluminium by corngrower · · Score: 1

      Back in the 70's aluminum was once used for house wiring in the U.S., with disasterous results. The aluminum wiring would work loose and spark fires. That's why its use is banned in many locations these days.

    2. Re:Use Aluminium by bobs666 · · Score: 1
      Back in the 70's aluminum was once used for house wiring in the U.S., with disastrous results. The aluminum wiring would work loose and spark fires.

      Could proper connectors, not ones designed for copper, make aluminum viable here?

      On the other hand the original post talked about low voltage applications as well. Low voltage applications, like data handling or Low voltage house lighting, can run on other materials like aluminum, that will not burn your house down.

      Sure some bad engineering was done. Lets keep looking for alternative materials. that can replace copper. Unless you are sitting on top of a new copper mine!

    3. Re:Use Aluminium by antispam_ben · · Score: 1

      Could proper connectors, not ones designed for copper, make aluminum viable here?

      Perhaps, but it may have been decided to just outlaw aluminum wiring rather than trusting electricians and weekend handymen to always use the proper switches and outlets depending on whether the wiring is copper or aluminum. It's just like anything else: one standard is good, several standards can be confusing.

      On the other hand the original post talked about low voltage applications as well. Low voltage applications, like data handling, Low voltage house lighting, can run on other materials like aluminum, that will not burn your house down.

      These are different applications. Data handling as through Cat-5 cable is not just low voltage, it's LOW POWER. A connector won't heat up if it makes a pad connection, because there's not enough power sent through the wire to heat anything up. It will barely light an LED, if that.

      But room lighting is a rather high-power application. Running lighting on lower voltage will take proportionately higher current and thicker wires (relative to presently-used house wiring), and will still have the problem of a loose connection overheating and starting a fire.

      --
      Tag lost or not installed.
  60. Exactly... by Colin+Smith · · Score: 1

    As it becomes scarce, the price will increase and people will start using something cheaper instead.

    --
    Deleted
  61. Man made structure by leehwtsohg · · Score: 1

    Wonders? I'd say structures. Wonders should have more, you know, wonder in them. Like a hughe wall, giant statue, hanging gardens. More than hole-in-the-ground.
    But it is probably impressive!

    1. Re:Man made structure by geekoid · · Score: 1

      If you get a chance to look at some of these large mines, take it.

      Yeah, I would say it counts. A mine is not just a hole in the ground.

      --
      The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
  62. Maybe... But we can fix that... by sterno · · Score: 1

    The thing is, Copper, unlike oil is something we can go get if we have to. There's long been talk of the possibility of mining asteroids for minerals. We have the technology today to fly an unmanned probe out to an asteroid and bring it back into orbit so that we can mine it. It's a risky and expensive operation, but if we absolutely need copper, it becomes viable.

    With oil... well, there aren't oil fields flying around space so far as I know :)

    --
    This sig has been temporarily disconnected or is no longer in service
  63. In S----- R----- by theodicey · · Score: 1
    The Russians used aluminum for many local wiring applications, since it's nearly as conductive as copper, and they had a much larger domestic supply.

    There's plenty of aluminum around (although it's energy-intensive to extract). If we just switched to that for normal wiring applications and saved the copper for long distance lines, the problem would be solved (or at least greatly reduced).

  64. Here at home... by williamyf · · Score: 1

    [begins serious part of post] ...in Venezuela, we do not use that much cooper. The water pipes are made of galvanized Iron, for instance. And no bronze leafs in the curches or old houses.

              As per the cooper recycling, some people, due to the poverty, steal the ground wire of the 3phase electrical distribution to recycle it (and yes, they screw the Electricity supply for the rest of us).

              BTW, PVC is not advisable, vecause, when it burns, it releases toxic fumes......

              As per de coins, ours used to have a huge content of nickel, and people began melting them for the nickel in 1988.

    [end seroious part of post]
    [begins the funny part]

              So, if you wasteful americans want some consulting on the subject ;-)

    [the funny part ends]

    --
    *** Suerte a todos y Feliz dia!
  65. Supply, meet demand by duffbeer703 · · Score: 1

    As the quantity of copper decreases, the cost will go up. This will make using alternative materials more attractive.

    Also, as the costs go up, it will become economically feasible to recover copper from old wires. All of the worthless scrap electronics and cables that everyone has will become valuable and will end up recycled.

    --
    Conformity is the jailer of freedom and enemy of growth. -JFK
  66. Alarmist by underworld · · Score: 1

    This is a bit alarmist. The prediction is that by 2100, all 10 billion people in the world will be living at the same wired standard as the average US citizen today.

    That's a bit alarmist for me. By 2100, the technology will be radically different. Networking will obviously be completely wireless for most applications (reducing the need for all that cat5). Other copper uses will be outmoded by new technology (see: Fibre Optic). And, by 2100, there will be many more options that have yet to be imagined that probably won't use copper.

    Just my 2 pennies worth.

  67. Ye Olde Silver Spoon by Cranky+Weasel · · Score: 2, Insightful

    "Its a crime that the zinc industry lobbies congress with cash every time we try to get rid of the penny. Its useless. In fact all change is. What can you really buy for less than a buck? If its less than a buck, splurge and get two."

    Spoken like somebody who has never faced a tough financial period with a family. If everybody had lives as privileged as yours, then yes, change might be useless. But if you've ever had to live on a small amount of money, being forced to buy two of something that you only need one of is not reasonable.

    "If I start my own restaurant, I will not take or receive change. Its heavy, and it would cost more of my employees time to count, sort, and organize the change than if they just threw it in the trash. Or maybe I could just throw it in the tip pool, and give it to them in cash later."

    Are you planning on hiring simpletons that can't do those things on the fly?

    1. Re:Ye Olde Silver Spoon by maxume · · Score: 1

      Pennies are still useless, and if you always round to the nearest nickel, they represent a maximum, per transaction, cost of 2 cents to the loser. Sometimes it would be the store, sometimes it would be the customer. As long as you don't want to buy 3 cent gumballs one at a time, you don't need pennies.

      --
      Nerd rage is the funniest rage.
    2. Re:Ye Olde Silver Spoon by Anonymous Coward · · Score: 0

      Sometimes it would be the store, sometimes it would be the customer.

      No, the loser would always be the customer. Stores would just round all their prices up to the nearest nickel, making everything we ever buy cost 2 cents more on average.

    3. Re:Ye Olde Silver Spoon by hackstraw · · Score: 1

      Spoken like somebody who has never faced a tough financial period with a family. If everybody had lives as privileged as yours, then yes, change might be useless. But if you've ever had to live on a small amount of money, being forced to buy two of something that you only need one of is not reasonable.

      Family, no. Tough financial times, not really either. In the recent past, I've been unemployed for 6 months, but I had about $10k saved and was getting unemployment.

      Since March of last year, I had to buy a new car $7k. $2.7k when I got into a fender bender, and $1k in medical expenses over top of my regular bills. And I lost 3 paying roommates over the period of time. I own my own home too.

      I had to pay an extra $100 or so for short term interest, but I'm on track again now. I don't make much money either. I just got a raise and bring home about $3k a month.

      So long as you can eat, have a place to stay, and have fun, why worry about money problems? Money is not even real anymore. Its not backed by hard currency, its just blips on a screen.

      I'm assuming your male and you have assumed the role of provider for your family. That is pretty normal. Now, was it you or your wife that was more worried about the cash issue? I'm also assuming that she also had less to lend to the situation as well, but I bet she reminded and nagged you about it every day.

    4. Re:Ye Olde Silver Spoon by Cranky+Weasel · · Score: 1

      I have never faced that problem as a provider. While I have a girlfriend, I have yet to marry. I make a shade under $6k per month, so I'll probably be fine.

      But I've seen it from the other side. When I was a child, my family was poor. Not homeless poor, but "trailer on the outskirts of the city, living on moose/elk/grouse from my fathers fall hunting trips, never saw a movie in a theatre until age 14 poor". The money was accounted for to a penny. No nagging involved. It was a simply accepted that frugality was required.

      So long as you can eat, have a place to stay, and have fun, why worry about money problems? Money is not even real anymore. Its not backed by hard currency, its just blips on a screen

      Let's try an experiment. You take a piece of paper, some crayolas, and create a new $10 bill. Take it to the nearest grocery store, and try to buy food with it. Then explain to them how money is a fiction anyway. Let me know how that goes.

      Why worry about money problems? Well, if you have no dependents, no real money issues, and few responsibilites, then by all means, don't.

      I wouldn't have objected to your post but for its built-in disregard for the people who live on income at the subsistence level. That would also include seniors on fixed incomes.

    5. Re:Ye Olde Silver Spoon by hackstraw · · Score: 1

      I wouldn't have objected to your post but for its built-in disregard for the people who live on income at the subsistence level. That would also include seniors on fixed incomes.

      OK. 9 or so years ago I was about $30k in debt, unemployed because I just got out of grad school with no MS to show for it, and a BS in a liberal arts field that I could do nothing with in the "real world". I lived in a trailer in the mountains of NC where a guy charged me $100/mo, and then let it slide after I couldn't pay anymore because he liked me and I was a quiet decent roommate. He was disabled. Legally blind, and worked in food service for a college. We were OK.

      I have psychiatric problems, and could not afford medication and was almost insane and hungry and lonely. My gf at the time was not supportive, and after I got a job and bought her a house, she dumped me.

      When she dumped me, I was homeless and also just got .bombed (jobless).

      I currently work at far less than "market value" for a sysadmin. I'm looking at getting another job with a top computer firm, and am willing to make less than I am now because the company kicks ass.

      I let people slide on debts all the time. I've had 7 people share my home over the past couple of years. I bought a friend $100 in groceries when she got fired from her job. I'm looking to buy a friend of mine that owes me $300 a car because he is having personal problems right now.

      I realize I come across as cold, but unless you live in a completely communistic society like Native Americans or similar (even then there was not total equality, but close) there will always be a bottom, and those at the bottom are the least successful in society.

      Keep in mind that I know people in NC that make $400/mo and are happy. Have plenty of food, and a place to live. They have zero money problems.

      No, you can't write on a piece of paper and get bread. But everybody has some sort of value to society unless they are disabled to about braindead. How tough is it to borrow somebody's lawnmower and find 1 yard to cut. With that money, you could feed 1 person for at least 3 days.

      I don't believe in money problems, again, because money is not real. Its uncommon for someone just to wake up and realize they have no money.

      Poor is a state of mind, not a lack of money. Ghandi, Mother Theresa, nor Jesus were poor, but had little to no material wealth. Hey, and even one wasn't killed for telling people to be nice to each other.

      Life for everybody is hard. I go through gut wrenching pain where I want to die just to get rid of it from time to time. I am not a son of a rich kid who has had everything handed to them. I've worked hard for everything I have achieved in life. And my achievements are not money or possessions, but freedom and the ability to help others. Sure I have an HDTV, but what does that give me? Honestly, it gives me companionship because people like to come over and watch it. I bought it for all of us to enjoy. I have very nice furniture that sits much more than my ass, and I bought it for others to come over and be friends. I bought $6k in electronics to help some local musicians out. (I can't play shit).

      I have no regrets for anything I've done, nor for those that cannot achieve things. People that fail are those that cannot find something outside of their place to live that others appreciate. They suck, and like everybody else they get what they deserve. There are no victims, only volunteers.

    6. Re:Ye Olde Silver Spoon by Cranky+Weasel · · Score: 1

      I'm sorry, but I fail to see how this addresses my point. I didn't mean to imply that I've had a hard life. I haven't. I've had a great life, my monetarily poor childhood included. We just had to be extremely careful with money.

      You've gone far left field with this. My point was that if somebody who is living at the edges of their limited means needs a single item, "splurging and buying two" just to avoid change is often not an item.

    7. Re:Ye Olde Silver Spoon by Cranky+Weasel · · Score: 1

      ...is often not an item.

      Make that "option".

  68. Re:Maybe... But we can fix that... by SEWilco · · Score: 1
    To paraphrase "The Graduate": "One word: Asteroids"

    Yes, one metallic asteroid has more heavy metals than we can mine from the Earth's crust. If you really want oil, get a carbonaceous asteroid and process it; but you'll get more energy from the fissionables in a metallic asteroid.

  69. Trainer by xtracto · · Score: 1

    Do not worry, I am sure a Trainer will be released by one of those l33t groups :) and we will be able to get 99999999 copper

    --
    Ubuntu is an African word meaning 'I can't configure Debian'
  70. So my fission reactor... by Quiet_Desperation · · Score: 1

    ...that generates power by splitting copper atoms will not be looked upon kindly by the world community?

    1. Re:So my fission reactor... by corngrower · · Score: 1

      You'll have to get a fusion reactor like mine. One that produces copper atoms from heavy water. That's the ticket. Electric power and copper.

  71. Want to buy a ghost town? by Anonymous Coward · · Score: 0

    Maybe they could open up the mines in the UP of Michigan again. There's still a lot of copper up there, it was just not economical to keep digging anymore in the early 1900s.
    From http://www.exploringthenorth.com/cophistory/cophis t.html

    "By 1900 the shafts of Keweenaw were the deepest in the world. Bringing copper to the surface required increasing amounts of physical plant investment and it was apparent to geologists that the mines of the district had reached maturity.

    When the mines were no longer profitable, the companies and employees left. All that remains are ruins of mines, ghost towns and a lot of copper."

  72. so what? by Anonymous Coward · · Score: 0

    ...won't be enough to cover the billions of people who don't yet live in highly wired/mechanized societies.

    Who cares? We're Americans and George W Bush is our President. We have what we need and the rest of the world needs to just be happy that we haven't decided to invade ... yet.

  73. Re:Use gold [OT] by Anonymous Coward · · Score: 0

    "What can you really buy for less than a buck? If its less than a buck, splurge and get two." A diet coke? And no I just want one thanks.

    Coke is $3 or $4 a 12 pack. Sometimes less than $3.

    If you really like the taste of diet coke, then have at it. If you're _still_ trying to loose weight by drinking it, your fighting your hypothalamus that responds to sweets and slows down metabolism in expectation of caloric input from the absent sugar. If you only drink one coke a day (which you imply), that is only 150 calories (~10%) of your daily intake. A cookie can be 200 to 400 per cookie.

    In other words, water is your friend. Coffee for caffeine.

  74. Satue Of Liberty by IDarkISwordI · · Score: 3, Insightful

    Looks like this bitch is gonna need to be melted down. Not like it means much anymore anyway...

    1. Re:Satue Of Liberty by Suhas · · Score: 1

      I find it really sad that insightful moderation for your comment is justified. How times change.

  75. Uh-huh by commodoresloat · · Score: 2, Funny

    Yeah right. You're linking to the mint. I suppose you believe NASA when they tell you they landed on the moon too. I know a government conspiracy when I see one; that's why I made myself this copper hat, exclusively out of pre-1971 pennies. It's made out of 150 pennies but it's worth at least four bucks!

    1. Re:Uh-huh by Anonymous Coward · · Score: 0

      If you read the last part of the comment I believe it was more for humour than flamebait.

    2. Re:Uh-huh by Opie812 · · Score: 1

      Flamebait? Come on now, that was funny.

      --
      I'm not a nerd. Nerds are smart.
  76. Step into the wayback machine. by Anonymous Coward · · Score: 1, Funny

    "Spears, arrows, untold piles of sticks for cooking - they tie up a lot of wood. Unlike abundant dirt and water, dry dead wood is relatively scarce. But it's vital to heat genereation/transmission, cooking, and other uses central to a modern standard of living. Ugh the caveman is providing a quick overview of the situation. He reports the conclusion that there simply isn't enough available. That place over there, over there and the past that tree average 170 grunts of wood use per person, and the most generous estimates suggest that only 1.6 billion unused metric ubergrunts exist. More reclamation and use of grass, sunshine, and dragons breath helps - but won't be enough to cover the billions of people who don't yet live in highly sophisticated/modernized societies."

    When the copper runs out we'll be whining about something else "going to run out".

  77. Malthus, Simon, Erlich have been there, done that! by mspohr · · Score: 1
    This argument has been going on since Malthus.

    Most recently, there was a famous bet between Julian Simon and Paul Erlich on the price of copper... Erlich bet the price of copper (and other rare metals) would rise... and lost.

    http://www.overpopulation.com/faq/People/julian_si mon.html

    From the article:

    "In 1980, economist Julian Simon and biologist Paul Ehrlich decided to put their money where their predictions were. Ehrlich had been predicting massive shortages in various natural resources for decades, while Simon claimed natural resources were infinite.

    Ehrlich agreed to the bet, and chose copper, chrome, nickel, tin and tungsten. By 1990, all five metal were below their inflation-adjusted price level in 1980. Ehrlich lost the bet and sent Simon a check for $576.07."

    --
    I don't read your sig. Why are you reading mine?
  78. Re:Technology to solve scarcity problems? by whawk640 · · Score: 1

    One common misconception is that technological innovations will come along and solve our problems as resources begin to run out. While it may be true that nuclear, solar, wind and wave energy may be able to offset reduction in oil output and carbon nanotubes (which happen to be excellent conductors) may replace copper wire, in general, any first generation technology causes more problems then it solves.

    A great example is insecticides. There's no denying that they've increased food output in many nations, but many of the first insecticides that were used were highly toxic and are still being cleaned up today.

    In short, if we hope that technology is going to solve our problems, we better start fixing them early, because it will take a couple of tries to get it right.

    I want a portable pebble bed nuclear reactor in my back yard to power my house and charge the electric company $500.00 a month to use my excess electricity.

  79. Re:Use gold [OT] by LWATCDR · · Score: 1

    But I am a type 2 Diabetic. I am not drinking diet coke to loose weight I am drinking it because sugar is bad for me even in relatively small amounts. And a regular coke is not a small amount of sugar. I don't like coffee and I like my cokes cold from the machine at work.

    --
    See my blog http://ilovecookes.blogspot.com/ for light hearted technical information.
  80. Thank goodness I have Monster Cables by Anonymous Coward · · Score: 0

    Thank goodness I have Monster Cables. They're made of gold. My computer and audio equipment runs better on them too.

  81. Wires going away soon? by Anonymous Coward · · Score: 0

    Isn't everything switching over to wireless? Especially in the developing nations?

  82. Copper wires are teh sux0r by Call+Me+Black+Cloud · · Score: 1


    Fiber optics baby, that's the way to go. Verizon just wired my in-laws neighborhood with fiber. Initially they'll get 5Mbps broadband cheaper than from Comcast (cable) and by spring they'll be getting TV (including HDTV) through the same fiber. Hell, my PS2 has a fiber connection to my receiver.

    Now since fiber is glass, and glass comes from sand, we shouldn't have a shortage of that anytime soon, right? And if we ever run out of sand, well, there's always this wireless thing I keep hearing about.

  83. Interesting fact by mordejai · · Score: 1

    In Argentina, kilometers of copper cables (from phone and power lines) are stolen all the time, and sold on the black market.

    Entire neighborhoods can be without electricity and/or phone for days because of this...

  84. Statue of Liberty by mrm677 · · Score: 2, Funny

    Time to tear down the Statue of Liberty and melt it down for Cat5!

    (Dear NSA: I'm only joking)

    1. Re:Statue of Liberty by Jim+in+Buffalo · · Score: 1

      Are you kidding? The NSA would love it... more wire for them to tap!

      --
      This sig, aah-ah, is comin' like a ghost-sig...
    2. Re:Statue of Liberty by Cheapy · · Score: 1

      Dear mrm677,

      It doesn't matter, we are still watching you anyways.

      -NSA

      --
      Would you kindly mod me +1 insightful?
  85. And another... by Anonymous Coward · · Score: 0

    One other solution is to go wireless. ...would be to go optical.

  86. Answer :No by stlhawkeye · · Score: 1
    Q. Earth's Copper Supply Inadequate For Development?

    A. No. It's fine. And if we ever do run out, other worlds exist that might have some.

    --
    "I have never won a debate with an ignorant person." -Ali ibn Abi Talib
  87. Welcome to the 21st century... by benjamindees · · Score: 1

    What you seem to be missing is that, to even care about copper at all, you have to presuppose the end of oil. The markets already do so, and will continue to do so as more evidence of future scarcity comes to light.

    While oil must be literally consumed as it is used, copper doesn't have to be. Unfortunately however, copper is currently treated as a consumable. Electronics are scrapped and put into dumps without thought.

    In reality, copper is a precious metal. We just don't know it yet. In one way or another, a decrease in the amount of oil will cause an increase in the use of copper. Couple that with ongoing industrialization of a huge percentage of the world's population, and you get scarcity and the opportunity to profit by hoarding it.

    --
    "I assumed blithely that there were no elves out there in the darkness"
  88. Purchasing power is king by ichigo+2.0 · · Score: 2, Informative

    As dada21 already stated, this is the result of inflation. If you account for inflation, gold prices would have to rise to over $1266 per ounce to be at an 25 year high. More pondering on the subject.

  89. Hydrothermal limits to ore creation by Baldrson · · Score: 1
    Off-world mining is not likely to produce economic copper even for local use due to the creation of ores via very slow hydrothermal processes that occur uniquely on the Earth. Moreover the platinum and rare earth group metals of the asteroids people talk so much about is also not formed into economically recoverable ores.

    Finding substitute materials/techniques is possible but currently speculative. There should be a heavy tax placed on the extraction of hydrothermal ores and the tax money put to prize awards for the creation of substitute materials.

  90. Slate on Copper. by Almonday · · Score: 1
    Daniel Gross wrote a Slate article back in Nov about copper as an obscure economic indicator.
    "Right now, copper is sending a message that is being transmitted by plenty of other data, but that many analysts find difficult to digest: Despite all the tensions, despite the huge imbalances in trade and capital flows, despite all the world's apparent economic troubles, the global economy continues to grow at a steady and impressive pace."
    See? Everything is fine. Just fine.
    --
    Posterity, my posterior.
  91. Adjustment process by ngsurfer · · Score: 1

    More important than the end result is the subject of the adjustment process. You are stating the theoretical end result that would come to be if markets were perfectly flexible and property rights were well established. But in real life things are not so perfect and well defined. That is why economist dedicate most of their time studying and optimizing the adjustment processes. It all boils down to the rate of growth of the demand for copper when compared with the rate of technological progress. If they are not very different, it will be possible for innovation to do its job. But if the growth in the demand for cooper is much greater than the rate of tech progress (which could happen due to the pervasiveness of copper in modern life and the stress new industrialized countries put on global demand of cooper), the adjustment will be harsh and long.

  92. Life without copper? by Anonymous Coward · · Score: 0

    Come back Copper!

  93. I need to "recycle" your wallet by White+Yeti · · Score: 0

    Maybe that was your dad, speeding away with the neighbor's still-hissing A/C compressor unit in the back of his truck?

  94. PVC suggested by Anonymous Coward · · Score: 0

    It's all very well suggesting PVC as a substitute, but ISTR it's not quite such a good conductor.

  95. Other materials by raddan · · Score: 1

    Use PEX tubing for plumbing and fiber optics for data. Copper isn't exactly the only conductive metal, either. I'm sure that once it's scarce other materials will look pretty good for power transmission.

  96. Fiber, anyone? by Anonymous Coward · · Score: 0

    Couldn't this serve as justification for switching to fiber for ethernet cabling, instead of copper CAT-5?

  97. Stop using pennies as currency by Electric+Eye · · Score: 1

    How much copper would we reclaim by eliminating pennies in the US? Let's start rounding out prices, etc. to the nearest 5 cents.

  98. Recycling is weird by Andy+Dodd · · Score: 1

    From what I recall, people in California basically pioneered the recycling movement.

    Guess what - apparently almost no one in California recycles. (I could be wrong about this, I'm going on anecdotal evidence from relatives/friends.)

    Meanwhile, New Jersey has quite a few recycling programs (although they still don't have the bottle deposit system - wtf?). For the NJ government, recycling IS cheaper than dumping in a landfill, because there is very limited landfill space in NJ and much of NJ's non-recycled trash gets carted to PA.

    New York State varies as far as recycling, in some cases there are major variances between towns. Ithaca has hefty surcharges on normal trash pickup, forcing people to recycle or pay hefty fees. NYS has bottle deposits statewide, and it is EXTREMELY easy to get your deposits back - almost all supermarkets have automatic bottle/can recycling machines that take your cans and give you a voucher for store credit.

    --
    retrorocket.o not found, launch anyway?
    1. Re:Recycling is weird by Lehk228 · · Score: 1

      in NYS any store that sells canned carbonated beverages must, by law, take the bottles back and pay the returner their deposit.

      --
      Snowden and Manning are heroes.
    2. Re:Recycling is weird by Kadin2048 · · Score: 2, Interesting

      This is the same way in Connecticut and Maine. If you sell a particular brand, you need to take those bottles back. Conversely, you're not required to take back any brands that you don't sell.

      The problem is if you buy a bunch of bottles of some weirdo brand, they're a pain in the butt to get rid of later, because no local place will take them. At my parents house there is a flat of glass root beer bottles that have been sitting around for almost a decade, because we can't figure out where they should go.

      (And you can't put deposit bottles into the curbside recycling bin -- for reasons I don't quite understand, the guys on the truck will actually pick through the crap in your bin, and reject deposit bottles. I guess they really want you to get your 5 cents back.)

      --
      "Ladies and gentlemen, my killbot features Lotus Notes and a machine gun. It is the finest available."
    3. Re:Recycling is weird by MagicMike · · Score: 2, Interesting

      All the Californians I know (and I live here) recycle bunches.

      "They" make it pretty easy, and "they" take pretty much everything for recycling so you can recycle just about everything that comes in the house.

      To the point where if I don't take my recycling out every week, it backs up in the house, whereas I only need to take the trash out every three weeks or so. For reference, that's two people (not so much trash), and I get a newspaper (more paper).

      You should tell your Californian contacts to get with the program - seriously - recycling is easy and what kind of slob are you if you can't even do that for the planet? Shameful, imho.

    4. Re:Recycling is weird by Anonymous Coward · · Score: 0

      Most cities have dedicated recycling stations run by the city rather then a store - they will take back anything.

      Also you could copy a barcode from some other bottle and tape it to the wierd ones, then the automatic machine will take them anyway. (If you are careful you can cut each barcode in half, leave one half for the original bottle, and the other half for these.) And don't think you are being dishonest - the money comes from the city at the end anyway, and I read that most states with programs like these only refund about 20% of the money! The rest of the bottle just get thrown out.

      This seems like quite a bit of work just to recycle something!

    5. Re:Recycling is weird by Andy+Dodd · · Score: 1

      Yeah, although they make it extra easy in many of them with the automated machines.

      --
      retrorocket.o not found, launch anyway?
    6. Re:Recycling is weird by geekoid · · Score: 1

      Break the glass, put the pits in mason jars.

      --
      The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
    7. Re:Recycling is weird by Anonymous Coward · · Score: 0

      "to". Recycling (for the most part) does stuff TO the planet, not for it.

      Research it- paper is the WORST (recycling paper takes a lot of non-renewable resources, much more so than starting fresh- and trees are easy to grow).

      However, everyone is so convinced that recycling is the greatest fucking thing EVER, that no one will even consider otherwise. These expenses are usually hidden, but they are there.

  99. Is it really a problem? by barefootgenius · · Score: 1

    When we can cut the grid (all homes solar powered) and use wireless technology (phones, etc...).

    --
    /. bug #926803 - Why I can post.
    1. Re:Is it really a problem? by EmagGeek · · Score: 1

      You honestly think there's enough silicon on the planet for every home to have a PV array with enough capacity? There is already a huge shortage in silicon, due primarily to the fact that it takes a tremendous amount of energy to process it into usable form.

    2. Re:Is it really a problem? by barefootgenius · · Score: 1
      Short answer is yes, using the thin layer technology. The energy to produce a solar panel is less than the energy gained with it by about forty to fifty times. We have used a two panel array (ten batteries though) in our house for six years now and although we have to be a little more careful buying things, it doesn't really affect us although we have the washing machine hooked to a petrol motor but thats more because we haven't got around to buying another one.

      Brother just walked in a told me that copper isn't largely used in the grid anyway (Aluminum is), so using a PV array isn't really going to help anyway in cutting copper use down. I still think the non essential portions of the grid should be converted to solar. It seems to me large amounts of power, time, and money are used badly by suppling power to people outside the main power usage areas (eg; rural).

      Reclamation of copper from house wiring by working on solutions to aluminum expansion and corrosion would seem to be a better idea.

      (Ahh, ya gotta hate that. Short answer may be yes but looking back up the paragraphs makes the long answer was no)

      --
      /. bug #926803 - Why I can post.
  100. Not enough copper.... by thre5her · · Score: 1

    ...but there's plenty of sand. Fiber optics is the way

  101. No way - no shortage of ore by HermanAB · · Score: 1

    If there really is a copper 'shortage' then I suppose someone will eventually reopen one or two of the scores of abandoned copper mines in South Africa, Zimbabwe and Zambia. Most copper mines were closed when the telecom industry switched to co-axial cable and later optical fibre, which caused demand to drop spectacularly some 25 years ago.

    --
    Oh well, what the hell...
    1. Re:No way - no shortage of ore by WindBourne · · Score: 1

      And yet, if you read the article, you would know that they included all that. The point of it, was that copper useage is increasing across the whole world, not just the developed world. It assumes that all landbased copper is known (including your mines), or near known i.e. nothing to little from the sea floor and nothing from space. I am guessing that once a country (ies) get to the asteroid belt between mars/jupitor, we will be able to bring back large quantities of copper (and other minerals). After all, the belt is a destroyed planet.

      --
      I prefer the "u" in honour as it seems to be missing these days.
  102. Predictable Results by johnbr · · Score: 2, Funny
    1. No Blood for Copper
    2. Complaints about Obscene Copper Oligopoly profits
    3. Calls for forced cessation of copper distribution, and the creation of a ministry of copper, who will deploy it in a strategic and intelligent manner, rather than all this free market crap
    4. Calls for extensive government investment into research into alternative conductors
    5. Bush is a shill for "Big Copper"
    6. James Lovelock declares that the copper shortage will mean the end of civilization as we know it
    7. Environmentalists everywhere tell people to 'go silver'.
    8. Belkin, et. al. start producing high-end 'copper-plated' wires and connectors, instead of those passe 20th century 'gold' connectors
    9. Pennies are replaced by casino chips, with embedded RFID
    10. "All I want is a proper cup of coffee, made in a proper copper coffee pot" is re-released as an agnst-filled blues song.
  103. ...but other coins are. by SchrodingersRoot · · Score: 1

    Yes, pennies are now 97.5% zinc, with a 2.5% copper coating.
    However...

    At 2.5g per penny, with a 2.5% copper composition, with the minting of 7,700,050,500 pennies in 2005, you've got around 480 metric tons of copper tied up in the creation of pennies alone in the past year. Figures for 2003 and 2004 are around 430 metric tons. Coin minting, in general, tends to increase, so if/when we exceed 8 billion pennies, we'll top 500 metric tons.

    Moreover, as referenced in the subject here, it's interesting to note that the Nickel is 75% copper, the dime, quarter, and half-dollar are nearly 92% copper, and the dollar coin is 88.5% copper.

    Now, 500 metric tons of copper a year for pennies isn't a lot in the face of 1.6 billion, but I'm not sure I'd call it a trivial amount, either.

    Now, I'm not saying I think I'm afraid of copper running out. I'm just saying we use a fair bit here in the US to mint coins.

  104. New wire? For what? by Just+Some+Guy · · Score: 1
    What part of our infrastructure are we adding more copper to?

    Aluminum can carry power just fine as long as you use the proper interconnects; the lack thereof is why aluminum home wiring got a bad reputation.

    Computers don't use a whole lot of copper and are probably moving toward more exotic technologies anyway (carbon nanotubes, optical switches, etc.).

    Networks are beginning to migrate over to fiber or RF.

    People are increasingly switching from landlines to cell phones.

    I'm sure Bad Things would happen if we ran out of copper, but is there anything we're currently using it for that couldn't be converted to use something else?

    --
    Dewey, what part of this looks like authorities should be involved?
  105. Meanwhile, in Gotham City . . . by Conspir8or · · Score: 1

    Billionaire playboy Bruce Wayne sells giant penny found in cave on property, becomes trillionaire. Next up, sports!

  106. I was reading about copper a while ago . . by ElephanTS · · Score: 1

    When we first started producing copper (centuries ago) the ore had a purity of about 30-50% Cu by weight. We are now down to mining copper which has a purity of less than 1%. It takes a huge amount of heat energy to extract copper from low grade ore like this. So everything is against copper production right now - impending energy shortages and diminishing quantities left in the Earth - not to mention increasing demand.

    So, buy stocks in Cu - expect to see 10x increase over a decade

    --
    spoonerize "magic trackpad"
    1. Re:I was reading about copper a while ago . . by antispam_ben · · Score: 1

      So, buy stocks in Cu - expect to see 10x increase over a decade

      Invest in Ag as well. If Cu goes that high, Ag may well be competitive for use in electrical wire, and will also have higher demand.

      --
      Tag lost or not installed.
  107. PVC is toxic by Yartrebo · · Score: 1

    PVC might not be in short supply like copper, but it has nasty environmental consequences. It's over 50% chlorine by weight, it cannot be incinerated safely, and when put into a plastic recycling machine, it corrodes the machine by releasing free chlorine radicals. As little as 1 ppm of PVC is needed to damage recycling machines.

    Perhaps iron or aluminum pipe would be a better replacement. Likewise, aluminum is a better conductor than copper and with properly crimped ends, it is just as safe as copper wiring.

  108. Power transmission isn't all copper by HardCase · · Score: 2, Informative

    But it's vital to electricity generation/transmission...

    Most power lines use steel reinforced aluminum cable, and have since the 1950's. It's a lot cheaper and a lot lighter than copper. The drawback is that, at high voltages, the aluminum gets hot, hotter than the steel, and sags. There is a fair amount of research going on into better aluminum alloys to avoid the problem.

    -h-

  109. 481,253 Kilograms of Cu per year. by NotQuiteReal · · Score: 2, Insightful
    Fun with stats... it is a lot of copper, or not much at all.

    Pennies are mostly Zinc now - only 2.5% Copper.

    The US Mint makes 7.7 Billion pennies a year (2005) - so that still adds up to about 481,250 Kg of Cu, just for Pennies. (.025 * 2.5g /penny = 16 pennies to use 1 gram of Cu, 16,000 pennies per Kg)

    So is over a million pounds of copper "a lot"? There are 300 Million people in the USA, so on a per-capita basis, copper usage is only about 25 cents worth, or about 1.6 grams per person.

    So - 481,000 Kilos per country / 2 grams per person - a lot or a little?

    --
    This issue is a bit more complicated than you think.
  110. Copper Pennies by Nom+du+Keyboard · · Score: 1

    So maybe the day will arrive when copper pennies will have true intrinsic value, like gold and silver coins have in the past.

    --
    "It's the height of ridiculousness to say for those 9 lines you get hundreds of millions."
  111. WWIII by 3770 · · Score: 1

    And here I mistakenly thought that world war III would be fought over oil and all along it was copper.

    --
    The Internet is full. Go Away!!!
  112. Not thinking too clearly by alw53 · · Score: 1

    "And certainly as much currently processed copper, platinum and zinc should be conserved as possible; the world needs it."

    Whenever you see a statement containing the words "as possible" you can
    tell for sure that the author isn't thinking too clearly. "As much as
    possible" means that copper conservation takes precedence over everything
    else. IE surgeons should forego doing heart surgery if it would save copper.

  113. Ummmm by szook · · Score: 1

    You mean the wireless revolution didn't solve this problem?!!?

  114. why do we need pennies at all? by roman_mir · · Score: 1

    Penny. What a great coin it is. And it is completely unnecessary. The prices can be rounded to 0 and 5.

  115. America could finally have leverage. by insomniac8400 · · Score: 1

    Maybe controlling the metals needed for technological progress could put a dampner on any foreign nations trying to build up technology to compete with us.

  116. Re:Pennies by djdole · · Score: 1

    If the government eliminates pennies, there are going to be a LOT of pissed off grannies with empty plastic jugs just perfect for smacking people around with.

    *shudders*

  117. Where's Tesla When We Need Him. by RoffleTheWaffle · · Score: 1

    See, if he didn't take that plunge into mediocrity, go partially insane, and then die in obscurity, we'd all be transmitting power wirelessly by now. WHY DID HE HAVE TO BE OBSESSED WITH 3. Now Tesla's dead, and we're gonna run out of copper. GREAT.

  118. They already do... by NotQuiteReal · · Score: 2, Informative
    ...intrinsic value, like gold and silver coins have in the past.

    Pre-1982 pennies are already worth more as scrap than as currency. (Post-1982 are mostly zinc).

    It takes abou 145 pre-1982 pennies to get have a pound... at the current copper price of just over $2 pound, they appear to be worth more as scrap than as money, although I suspect logistical considerations would eat into any profit making scheme based on this fact.

    Zinc is worth just under $1 pound, and it takes over 160 of the current pennies to make a pound - so they are worth more as money. US Mint statistics say it costs them .81 cent to make a penny, of course there is more than raw material costs there.

    By the way, I don't know what planet you are on, but gold and silver coins still have intrinsic value :-)

    --
    This issue is a bit more complicated than you think.
    1. Re:They already do... by smellsofbikes · · Score: 1

      >By the way, I don't know what planet you are on, but gold and silver coins still have intrinsic value

      If you offer a woman whose children have been starving for a week her choice of a pound of food or a pound of gold, I'll bet she'll choose the food. Did you ever read John Steinbeck's "The Pearl"? I'm not sure *anything* has intrinsic value other than the threat of imminent death. Alternatively, everything has intrinsic value, and gold's value is roughly equal to about fifty times its weight in pieces of paper with pictures of a certain US ex-president on it (currently.)

      --
      Nostalgia's not what it used to be.
    2. Re:They already do... by winwar · · Score: 1

      "I'm not sure *anything* has intrinsic value other than the threat of imminent death. Alternatively, everything has intrinsic value, and gold's value is roughly equal to about fifty times its weight in pieces of paper with pictures of a certain US ex-president on it (currently.)"

      Glad someone understands reality. Things have value because they are in demand and supply is limited in some manner.

  119. The red-headed stepchild of non-renewables: He. by Kadin2048 · · Score: 4, Informative

    I thought I'd point out another resource that won't be replaced, either, but that doesn't get mentioned very often: Helium.

    I wasn't partiuclarly aware that this was a consumable resource until recently, but it is. Every cubic foot of helium gas that's released up into the atmosphere is basically lost forever -- it's so light that it just keeps going up and up, and eventually escapes our atmosphere.

    Although it's not as important to us as a civilization as copper, and will probably take longer to become scarce, it's not something that's partiularly easy to get. Right now we get most of our supply from the natural gas industry -- helium is present in natural gas but doesn't burn, and if not extracted from the gas prior to use just goes out the tailpipe. There are (or were) government-backed programs to extract and store the He prior to use of the natural gas, but I'm not sure if that's still going on.

    We use an increasing amount of Helium in its liquid form as cooling, partiularly for MRI machines. I can only see this usage getting bigger in the future; plus, liquid He is one of the only ways to reliably get objects down to ultra-cold temperatures, which might become very important in the future. (Superconducting computers?) The point is that we really haven't exploited Helium very far, and yet we're 'burning' through it fairly quickly, along with the natural gas supply.

    It's just another thing that when it's gone, it's gone. It may seem frivolous now, but when you consider the difficulty of synthesizing a hydrocarbon chain, it's not partiularly tough. Make me a mole of helium atoms cheaply on an industrial scale? Now that's difficult.

    --
    "Ladies and gentlemen, my killbot features Lotus Notes and a machine gun. It is the finest available."
    1. Re:The red-headed stepchild of non-renewables: He. by njh · · Score: 1

      However Helium is very common in the rest of the solar system, so if it became scarce and we needed lots of it for our quantum thingies or superconducting whatsits there would be a good incentive to do space things more. So if you want to live on the moon, waste He.

    2. Re:The red-headed stepchild of non-renewables: He. by ceoyoyo · · Score: 1

      Your very point, that Helium does not stick around, means that we're not going to run out any time soon. Helium is continually outgassed, otherwise there wouldn't be any around (it would have all escaped out into space). On Mars we would have a helium shortage. Here it will keep renewing itself until the Earth cools enough that outgassing stops (at which time we'll have more important things to worry about). If our demand exceeds the rate of supply (which is limited) then we'll have to go exploring the solar system.

    3. Re:The red-headed stepchild of non-renewables: He. by Jordin · · Score: 1

      Make me a mole of helium atoms cheaply on an industrial scale? Now that's difficult.

      I think you're making a mountain out of a mole(He)

  120. History Repeats Itself by geistbear · · Score: 1

    For some strange reason I am reminded of Jimmy Carter's report Global 2000.

    http://www.reason.com/rb/rb020404.shtml

  121. unaffordable == nonexistent by mkcmkc · · Score: 1
    Because as a non-renewable resource becomes scarcer, the price rises. This reduces demand and allows the remaining supplies to last longer.
    This is a distinction ("noneconomical" vs "exhausted") without a difference. Sort of like the difference between having a mediocre medical system that everyone can participate in, versus an excellent one that half of society can't access due to its cost.
    --
    "Not an actor, but he plays one on TV."
    1. Re:unaffordable == nonexistent by Skjellifetti · · Score: 1

      Demand will not drop to zero. It will decline over time. The price rise over time gradually makes the use of the resource non-economical for some uses, not for all.

    2. Re:unaffordable == nonexistent by nuggz · · Score: 1

      This is a distinction ("noneconomical" vs "exhausted") without a difference.
      There is a very important difference, exhausted means there is no more.
      Uneconomical means it doesn't make sense to expend the resources for that particular use.

      For example I would like an omlette, the supply of Dodo eggs is exhausted, so I can't have one.
      The supply of bald eagle eggs is available, however it uneconomical for me, and most of the worlds population.
      I will then have chicken eggs, which exist in vast quantities.

    3. Re:unaffordable == nonexistent by Anonymous Coward · · Score: 0

      Tastes llike spotted owl to me anyway.

  122. Stock tip by codepoetix · · Score: 1

    Just don't buy d'Anconia copper. That's all I'm saying...

  123. Asteroid Mining, here we come ... by WoodieR · · Score: 1

    build rocket, goto asteroid belt, find big rock, move, into earth orbit, ( or fumble it ), profit!

    --
    Question Authority before IT questions You ...
  124. No... by cartman · · Score: 1
    The oil and natural gas we use to generate electricity to power devices that require copper will become too expensive to use long before we run out of the copper we use in the construction of these devices.
    Oil and gas aren't used for generating electricity in the United States. Oil is used for powering automobiles (and for other uses), and gas is used mostly for heating homes.

    Electricity in this country is generated primarily from coal (60%), nuclear (20%), and hydroelectric (>10%). The U.S. has enough coal to last for centuries (environmental damage notwithstanding), and enough Uranium to last for millenia (if breeder reactors are used).

    Even if both of those resources were completely exhausted, or were nearing exhaustion, there are many alternatives which are only modestly more expensive. Wind farms, geothermal plants, solar panels, tidal energy plants, methane hydrates, and others.

    Even if all sources of power were to become scare (an impossibility), the first thing sacrificed would be air conditioning for the home, which consumes more electricity by far than computers and electronic equipment.

    ...But let's suppose that all coal and uranium were exhausted, and all alternatives became scarce, and home air conditioning had already been abandoned, and still there was not enough electricity to power computers. Then we could build desktop and server computers with power-saving technology similar to that used in notebooks today. At 45nm fabbing, we could make processors that are faster than today's but which consume less than 1W. 1W could be easily generated by power plants which harvest methane from pig farts, just like in "Mad Max: Beyond Thunderdome." If we used the Thunderdome approach, the only remaining possible source of scarcity would be: if pigs learned to fly.

    As a result, it seems unlikely that power will become scarce enough in the near future to render cabling unimportant.

    1. Re:No... by SparafucileMan · · Score: 1

      that was funny. and basically true.

    2. Re:No... by ThinkFr33ly · · Score: 1

      You are incorrect. Nearly a third of all electrical production in the United States comes from oil and natural gas, and coal produces about 43% of our electricty, not 60%.

      Natural gas produces about 19%.
      Oil contributes about 12%.
      Nuclear is about 14%.
      Hydroelectric is about 7%.
      And lastly, renewables, not including hydroelectric, are about 12%.

      See my source for more details.

  125. Agreed that US cent coins are arguably not useful by ursabear · · Score: 1

    Without belaboring the need for physical US cent coins... That's a different discussion...

    However, remember that US cents are now primarily zinc, with a thin copper-plate coating. The amount of copper used for these "throw-away", "low-value" coins is significantly less than it was in 1984 (when cents were converted to primary zinc content).

    With that said... It would be a very good idea for the world (especially the US) to be better about recycling in general, and for common civic recycling systems to begin dealing with copper.

  126. Wikipedia to the rescue by n54 · · Score: 1

    http://en.wikipedia.org/wiki/Abiogenic_petroleum_o rigin

    Intriguing ideas no matter if right or wrong and I don't think it truly matters in regard to oilprice in light of these Wired articles:
    http://www.wired.com/wired/archive/13.12/gas.html

    Can't help thinking about 'oil in space' when reading that wikipedia article though lol :) (there must be at least partial indegrients to a great SF story somewhere in that).

    --
    this comment is provided "as is" and without any express or implied legibility or congruity [...]
  127. Ted Kennedy? by CrazedWalrus · · Score: 1

    ...the Massachusetts ones have Ted Kennedy

    He fits on a penny?! Who'da thunk?

    I just used one of those machines in Pennsylvania last weekend, to the amusement of my 5-year-old son and my wife, who'd never seen one.

    Yep - Still exist. Still fun. :-)

  128. We will just use aluminum/aluminium by Script+Cat · · Score: 1

    Aluminum conducts well enough to work in many places. Its price shouldn't jump much since it's the third most abundant element in the earths crust. It's not as good as copper but it could still work.

    1. Re:We will just use aluminum/aluminium by EmagGeek · · Score: 1

      There is a reason it is illegal to use aluminum wiring in homes in the US... it is dangerous. It oxidizes, creates an impedance, and catches fire. Most insurance companies won't even insure a home that has aluminum wiring in it (it was used for a few years in the 70's, which is why we know it is unsafe).

    2. Re:We will just use aluminum/aluminium by Script+Cat · · Score: 1

      So it seems aluminum is inappropriate use for power transmission. In low power applications like data-cable etc., there would be little risk of fire. Bad connections yes but not fire.

      Does any one have a background in metallurgy that knows if the alloy could be improved or could it be tin or gold plated for better oxide resistance.

      I'm sure we can find alternatives there are still plenty of metals left on the periodic table.

    3. Re:We will just use aluminum/aluminium by EmagGeek · · Score: 1

      Well, there are a lot of aluminum power transmission lines, just not in houses. If you have, for example, a run of miles and miles and miles, and can properly have access to the interconnects at the ends, you can maintain them just fine.

      Just in houses, it is not possible to open up the walls and check for corrosion or mitigate it, so that is why it is against code.

      In fact, most service cables to homes still are aluminum, but are terminated at special aluminum connectors that lead to less/no corrosion. After reading about this a bit more since my original post, I'm wondering why it isn't so feasible. I know that mixing copper and aluminum wiring is bad bad bad, and that aluminum will oxidize when exposed to air, but there are probably other factors as well...

  129. Steel Pennies ? Other alternatives? by jzarling · · Score: 1

    I have maybe 50-60 steel pennies from WWII. Why not make them out of something else like steel, or plastic?

    --
    It is better to be the hammer than the anvil.
  130. We have copper mines just sitting idle by MsWillow · · Score: 2, Interesting

    There's a big one in, I think, Butte, just sitting there because the price of copper is too low. It's the source for a copper gemstone called covellite. There's also copper in UP Michigan, around Houghton and Copper Harbor.

    Supply and demand. Currently, the supply far exceeds the demand. When the demand grows, those mines will re-open, supplying the demand for copper as well as the small demand for gem covellite and native copper.

    Don't sweat it, this is yet another phony panic.

    --

    Lemon curry?
    1. Re:We have copper mines just sitting idle by one_bad_rover · · Score: 1

      There are no mines that are really sitting idle... maybe bankrupt. But not idle, Kennecott copper has been going for years and years and shown no signs of slowing. The difference is probably in the grade of copper and the cost to refine and process it, then factor in the cost to OGM for reclamaition and the price really needs to be extremely high to be profitable.

    2. Re:We have copper mines just sitting idle by benjamindees · · Score: 1

      AFAIK this is not a study of the current economic forces in the copper market. I agree there are fishy things going on that are probably inflating prices past the immediate market realities.

      This is a review of the endgame for copper. Based on current usage in industrialized countries, how many people can the known quantity of copper on the planet support?

      --
      "I assumed blithely that there were no elves out there in the darkness"
  131. The sad thing is... by cr0sh · · Score: 3, Interesting
    The sad thing is that much of this "used up" copper is sitting in landfills (current and former). It's not just copper, either. There is a ton of material in our landfills, thanks to the environment (buried in dirt, sealed from air and the water table, lack of oxygen), doesn't break down over time, whether the material is organic or not.

    I tend to wonder if some day, perhaps sooner than we think, it will be profitable to mine these landfills (many currently golf courses and home sites!) for that "wasted" material, for recycling purposes. Furthermore, I think about the tons of organic material (yard and landscaping waste, mostly) which is in our landfills (and more going in every day) which could be reclaimed, recycled, and then fed into thermodepolymerization plants tuned for the feedstock, allowing us to gain fuels and other useful materials from stuff that is just being thrown away.

    Think about all the organic material from New Orleans which was simply bulldozed into landfills? Could that material have been run through a TDP process and used to offset, in whatever percentage, the fuel shortages caused by Katrina? Why do we throw this stuff away, when we can use it for other purposes?

    Fortunately, most metals are recycled already, but there is still a lot of useful stuff in our landfills (including a lot of metals), just waiting for the day to be used again (unfortunately, in order to get at the stuff with any measure of safety, these landfills would have to be strip-mined)...

    --
    Reason is the Path to God - Anon
    1. Re:The sad thing is... by tjic · · Score: 2, Informative

      The sad thing is that much of this "used up" copper is sitting in landfills (current and former).


      Why is this sad? A bunch of resources have been moved from thousands of feet under the earth, where they were alloyed with other junk we don't want are ore. Now, thanks to previous generations, that copper has been moved upwards, transported closer to us, concentrated, and made easilly accessible.

      All we need is the desire and the cleverness to mine it, and it's a pile of gold, waiting for us.

      Saying that this is sad is like saying "There's not a lot of food at the supermarket...and the sad thing is, there are several large juicy steaks conveniently located in my refrigerator."
    2. Re:The sad thing is... by WindBourne · · Score: 1

      Actually, many of the old landfills are being tapped for methange generation (organics decaying). What is nice, is that in America, the landfills from the 60's, will contain the junk of the 50's, which was heavy use of metal. These will be ripe for the picking soon.

      --
      I prefer the "u" in honour as it seems to be missing these days.
  132. Medium of exchange by James_Aguilar · · Score: 1

    As money, a penny is always worth one cent, even if it is made of gold. However, if the metal has a higher value, then yes, a penny can be worth more than one cent. After all, it's only a medium of exchange.

  133. True by Anonymous Coward · · Score: 1, Funny

    "You can't even buy a cup of coffee anymore with a dollar bill."

    It's true that you can't buy a cup of coffee at my company with a dollar. The coffee is 25 cents, and the machines only take quarters.

  134. He's right, though. by Ivan+Matveitch · · Score: 1

    For one thing, aliphatic hydrocarbons may be made as well as mined, and thus their potential supply is limited only by the ingenuity of our chemists. File "sustainability" under "Marxism" and open your eyes.

    1. Re:He's right, though. by colinrichardday · · Score: 1

      And how much energy does it require to create them?

  135. Fear not! by Valdrax · · Score: 1

    One of my insider mining newsletters that I subscribe to just mentioned how zinc might end up being the most rare material in the coming years.

    At least we won't run out of carbon anytime soon. I seriously don't think that running out of copper will be that big of a problem. If anything, it'll give a boost to the kind of long nanotube synthesis that we need to a space elevator.

    Communications networks will be silicon or wireless. Power networks will be carbon.

    --
    If it's for-profit but free, you're not the customer -- you're the product (e.g., the Slashdot Beta's "audience").
  136. Re:Technology to solve scarcity problems? by daniel422 · · Score: 1

    "One common misconception is that technological innovations will come along and solve our problems as resources begin to run out."

    How is this a misconception? Innovation DOES arise in times of need -- that's what drives innovation: a need. In every case this has happened. Show me 1 example where it hasn't ultimately worked out. It's not the first try. Almost nothing ever is perfect the first try. That's why it's innovation -- it keeps changing.

    "A great example is insecticides. There's no denying that they've increased food output in many nations, but many of the first insecticides that were used were highly toxic and are still being cleaned up today."

    That is a great example. You admit as much that they work! That they may be highly toxic or have other side effects is another issue! Not only have we learned from that, but we've continued to innovate so we have less toxic pesticides available -- in addition to other means of insect control (like using other insects).
    Innovation takes time, and lots of trial and error, but it ALWAYS works. It's not just technology that solves problems -- it's thinking, and applying old things in new ways.

  137. Back when... by chivo243 · · Score: 1

    ..I worked with Homer at the Nuclear(nu-cle-ar) plant, Uranium was used to generate the heat, to heat the water, to make the steam, to turn the turbines... I don't recall much being copper.

    If we are that hard up for copper, start mining the garbage dumps, there is probably tons of copper there, clean out every wishing well from Portland to Portland.... shake down every homeless person for their pennies, and force nickels on them, warning them you will probably be back some day for those too...

    --
    Sig Hansen?
  138. Butte, MT by MTStew · · Score: 1

    The pit in Butte/Anaconda ("The richest hill on earth"), MT is full of copper disolved in an acidic "lake." There have been reports stating that the amount of copper dissolved in the lake is equal to the amount that has been mined since the hill was found. Extracting the copper becomes the difficult part.

  139. MOD PARENT UP by Anonymous Coward · · Score: 0

    Please.

    He is entirely accurate.

    -- AC

  140. That's OK by eno2001 · · Score: 1

    I hear there's plenty of copper in the same magical fairyland that we can get abundant oil from indefinitely. A neocon told me so on Fox news. No worries mate! ;P

    --
    -"...bad old ideas look confusingly fresh when they are packaged as technology" - Jaron Lanier (Digital Maoism on Edge.o
  141. Re:Just use lead-lined clay, like the ancient Roma by Kippesoep · · Score: 1

    Pah... the ancient Romans are all dead.

  142. Copper Theft by neumayr · · Score: 1

    In Germany the situation seems to be pretty bad - just about a week ago someone stole 30 meters of cable from some railroad tracks, rendering the track inoperative for two hours...

    And it happened in the middle of Berlin too, so getting the cable must have been a risky and laborious task.

    --
    Truth arises more readily from error than from confusion. -Francis Bacon
  143. Susan B's were rejected by people by blueZ3 · · Score: 3, Interesting

    because of the similarity (in size, color, and the scored edges) to a quarter. When they were more common (close to when they were first issued) I was the recipient of Susan B's instead of quarters as change on several occasions. If I didn't look closely, I didn't notice and someone's cash drawer was down $.75 at the end of the day. No one wanted to deal with them, because they weren't easy to distinguish from quarters and in a fast-pased retail environment, could easily be mistaken for them.

    When the Sacajawea dollars were designed, they were made larger, a different color, and the edges were smoothed precisely to help avoid this confusion. This helped, some.

    However, in the long run, would you rather have nine 3x6 folded sheets of paper in your pocket, or nine large coins? Most people prefer the weight and flexibility of paper.

    --
    Interested in a Flash-based MAME front end? Visit mame.danzbb.com
    1. Re:Susan B's were rejected by people by Nick+Number · · Score: 1

      Sacajawea dollars are exactly the same size (26.5 mm diameter) as Susan B. Anthony ones, presumably so that vending machines wouldn't have to be retrofitted to accept them.

      Link

      --
      Promote proofreading. Don't mod up sloppy posts.
    2. Re:Susan B's were rejected by people by Bing+Tsher+E · · Score: 1

      Also, the US Dollar Coin is the same size as the Canadian, but with a different edge design.

      I heartily wish that the dollar coin would become mainstream, as it gets tiresome doing the worshipful 'straighten the bill up' thing to get my morning Mountain Dew from that fussy vending machine at work.

    3. Re:Susan B's were rejected by people by Atario · · Score: 1

      Funny how people have trouble differentiating two rigid coins that have slightly different dimensions, yet no problem at all differentiating several different floppy paper bills all of the exact same dimension and color.

      --
      "A great democracy must be progressive or it will soon cease to be a great democracy." --Theodore Roosevelt
    4. Re:Susan B's were rejected by people by hyperizer · · Score: 1

      When the Sacajawea dollars were designed, they were made larger...

      Not true, they were made the same size (26.5 mm) to work in existing vending machines.

  144. Wrong Year by SeaFox · · Score: 1

    One guy said that pennies made before 1971 are worth more than 1c in copper, and that the newer pennies might soon be worth much more than 1c due to their high zinc content.

    It was 1982, not 1971.

  145. So.. according to the comments i've read on this.. by plasmacutter · · Score: 1

    The copper is running out, but so is the energy supply, the oil, and several other major requirements for our current way of life.

    These problems could be alleviated by tapping the resources of the greater solar system, but this will not happen because of the prohibitive expense and lack of established means of staking claims in space, along with the general greed and bounded thought of corporate morons.

    That said, the general outcome will be the inevitable collapse of our society (meaning a severe decline in standard of living and possibly population along with world wars as we fight over the scraps) into a new era of feudalism over the next couple hundred years. This feudalism, if we are lucky, will give rise to colonization and tapping of the solar system, and if we are not will result in humanity's decline for the next hundred forseeable millenia

    (until we're smart enough to produce zero point energy or some other much more efficient technology cheaply.. assuming that would be possible amid the political instability caused by tremendous hardships required to simply get by on an energy and resource depleted planet)

    --
    VLC FOR MAC IS DYING! IF YOU DEVELOP, PLEASE SAVE IT!!
  146. Question about wires... by Khyber · · Score: 1

    If we went to a higher voltage, (you never made mention of halving the amperage so I assume no for this question) why would we use thinner wires? Wouldn't putting practically double the power down a wire that's thinner than before effectively burn it out within a very short period of time?

    --
    Still waiting on Serviscope_minor to wake up to fucking reality and realize that Jessica Price isn't going to fuck him.
    1. Re:Question about wires... by Anonymous Coward · · Score: 0

      If we went to a higher voltage, (you never made mention of halving the amperage so I assume no for this question) why would we use thinner wires?

      If your posts make no sense (you never made mention of having an IQ above room temperature so I assume no for this question) why should we bother listening to you?

    2. Re:Question about wires... by leandrod · · Score: 1
      we went to a higher voltage, (you never made mention of halving the amperage so I assume no for this question) why would we use thinner wires?

      Halving the amperage is actually just having more efficient devices.

      Don't ask me the specifics. I just know that for similar devices 220V networks need thinner wires than 110V.

      --
      Leandro Guimarães Faria Corcete DUTRA
      DA, DBA, SysAdmin, Data Modeller
      GNU Project, Debian GNU/Lin
    3. Re:Question about wires... by TummyX · · Score: 1, Redundant

      It's not about power, it's about current. You could have 10000V across a microfine wire as long as you kept the current low enough.

      Moving to 240V would mean you could deliver the same amount of power with half the current and less current means thinner wires.

    4. Re:Question about wires... by khallow · · Score: 1

      No it wouldn't. Power is proportional to the square of current times the resistance of the wire. So actually, by doubling the voltage, you half the current and quarter the power consumed by heating the wire. Recall the the resistance of the wire is a slight thing compared to the device that uses electricity.

    5. Re:Question about wires... by meringuoid · · Score: 1
      If we went to a higher voltage, (you never made mention of halving the amperage so I assume no for this question) why would we use thinner wires? Wouldn't putting practically double the power down a wire that's thinner than before effectively burn it out within a very short period of time?

      From high school physics, V=IR. For the same wire (constant R) then increasing the voltage will decrease the current.

      Moreover, heat dissipated in the resistor = (I^2)R. So, the higher voltage / lower amperage approach will mean the wire is less likely to burn out than before, meaning that you can get away with making it thinner. Of course making the wire thinner will increase the resistance, so you'll have to play with some equations to work out just how much thinner you can get away with, but there's definitely going to be a saving.

      --
      Real Daleks don't climb stairs - they level the building.
    6. Re:Question about wires... by Anonymous Coward · · Score: 0

      Fahrenheit, Celsius, or Kelvin?

  147. Prices adjusted after tax by DigiShaman · · Score: 1

    Better yet, why don't stores adjust their prices to the nearest nickel AFTER adjusted for the tax increase? This way, no matter how many items you purchase, you will not end up with denominations in pennies for change.

    --
    Life is not for the lazy.
  148. Asteroid mining by Nygard · · Score: 1

    Anyone know where to find estimates of copper abundance in the asteroid belt? If there isn't enough of it down here, maybe we need to go find more somewhere else...

    --
    "Genius may have its limitations, but stupidity is not thus handicapped." --Elbert Hubbard (1856-1915)
    1. Re:Asteroid mining by BlueMud · · Score: 1

      We could take it from the Martians. I don't see them using it...

    2. Re:Asteroid mining by doodlebumm · · Score: 1

      I'm surprised no one has even talked about copper under water on the continental shelves. That's not so deep that it is impossible to extract, and a lot easier to get to than an asteroid (not to mention the destruction caused by landing the asteroid on earth :).

    3. Re:Asteroid mining by Nygard · · Score: 1

      Yeah, I was thinking more about mining in orbit. Dropping millions of tons of rock and metal through the atmosphere strikes me as not too environmentally-friendly. It kinda makes strip-mining look like planting trees.

      --
      "Genius may have its limitations, but stupidity is not thus handicapped." --Elbert Hubbard (1856-1915)
  149. Re:Pennies are not copper anymore -- 1982 by Anonymous Coward · · Score: 0
    1982 is the year the cent was switched to copper plated zinc.

    Both types were made that year.

    prior to 1982 cents weighed 3.11 gr. each. After 1982 cents weigh 2.5 gr each.

    wikipedia

    The alloy remained 95 percent copper and 5 percent zinc until 1982, when the composition was changed to 97.5 percent zinc and 2.5 percent copper (copper-plated zinc).

  150. Re:Just use lead-lined clay, like the ancient Roma by RobertB-DC · · Score: 1

    Lead-lined clay? How last millennium. Nowadays, we use Uranium Bowls. Isn't that red Fiestaware just divine?

    --
    Stressed? Me? Of course not. Stress is what a rubber band feels before it breaks, silly.
  151. PVC? by SheeEttin · · Score: 0

    use of fiber, wireless, and PVC

    I'm sorry, but since when is PVC conductive?

    1. Re:PVC? by PenGun · · Score: 0

      It's a conductor of water eh' .....

          PenGun
        Do What Now ??? ... Standards and Practices !

  152. This is excellent news by jayhawk88 · · Score: 1

    My mining skill is well high enough to mine and smelt copper, and it always seems to be in plentiful supply in places like Elwynn and Dun Murogh. On a good night I can get 5, 6 stacks easily!

    Though I must admit, I'm a little bit concerned about how the AH prices will react once the Gates of Ahn'Qiraj are finally opened. Yeah, it's nice to get 2-3 gold for a stack right now, but what happens when the demand goes way down?

  153. a machine to sort out the pre and post-'82 pennies by Anonymous Coward · · Score: 0
    You can.

    The Brandt/DeLaRue MACH6 with coin recognition can do it.

    (I used to work there). it essentially uses an alloy sensor to do discrimination.

    Where it really shines is offsortin silver half dollars from the copper clad...

    link to a distributer

    I no longer work there or am affiliated with this distributer.

  154. Chicken Little, Yasuo Hamanaka, is that you? by tlambert · · Score: 1

    For people who don't know, Yasuo Hamanaka attempted to corner the copper market for Sumitomo in the mid 1990's; there was a "shortage" then, too, which was used to manipulate the market price. Also involved were Merrill Lynch, Global Minerals and Metals Corporation, David Campbell, and Carl Alm.

    It's actually an interesting story - more interesting than this "Chicken Little" piece:

    http://web.mit.edu/krugman/www/copper.html

    And the 1999 FTC docket for the case:

    http://www.cftc.gov/enf/99orders/enfglobalmm.htm

    Hmmm... I guess that begs the question that, if the sky actually was falling, it'd solve our "copper problem" in short order; as it is, we'll probably have to send ships to the copper, instead of the copper coming to us... 8-).

    -- Terry

  155. Slashdot Economics... by benjamindees · · Score: 1

    If the price of copper goes up, you might see fiber optics come down in price.

    Wrong. If two productss are interchangeable, and one goes up in price, the other will also go up in price.

    --
    "I assumed blithely that there were no elves out there in the darkness"
  156. and when copper and silver run out... by jdkatz · · Score: 1

    there's always platinum...

    --
    Give me bandwidth and nobody gets hurt!
  157. quick george! by ebatsky · · Score: 1

    hope george bush is busy finding out which country has the biggest supply of copper so he can start burying weapons of mass destruction in advance to avoid future embarassments!

  158. Re:Pennies by BreadMan · · Score: 1

    Greenspan's been in for ~20 years, so dollar deflation at ~2.5% a year isn't that bad. Wages have been rising at close to the same rate, so the real difference isn't that great. However, deflation has been much greater in some sectors (a dollar claims much less real estate than before) than others.

  159. The processing of copper has improved dramatically by bjdevil66 · · Score: 1

    The remaining untapped ore in the ground isn't the only remaining supply of copper because our processes for extracting the copper have vastly improved. Up until about 20 years ago, many copper mines primarily used smelters to extract copper from the raw ore as possible. That process was inefficient, leaving a lot of copper in the waste product (called "tailings"), which over the years has been piled into gigantic yellow hills near any mining site (you know, those giant yellow hills near any copper mining town that no plant life will grow on). However, they shut down their smelters a couple of decades ago because they've discovered a much better way of removing the copper from the ore, and more importantly, the waste product, which they now consider to be a new source of copper. The point is that there is more copper out there than just the raw ore still buried in the ground. As recycling technology improves, the amount of copper remaining in the ground will become less significant.

  160. I wonder.... by Pedrito · · Score: 1

    how much copper cable we can make out of the Statue of Liberty? I guess we ought to thank the French for sending us such a nice supply of copper.

  161. overclockers by Helmholtz · · Score: 1

    Time for all the overclocking hot rods to turn down their 10GHz CPUs and return all those heavy copper heatsinks. ;)

    --
    RFC2119
  162. This again? by WheelDweller · · Score: 1

    I've seen this before; most of the metals with a salvage value, do so for this very reason. When it gets short, the price goes up, people find 1) other ways to not use the commodity and 2)ways to recycle more or "create" more through other means.

    Not to worry. Your pennies are safe. :)

    --
    --- For a good time mail uce@ftc.gov
  163. Pennies are copper-plated. by Anonymous Coward · · Score: 0
    Just scratch one with a key or screwdriver, and you'll see the zinc underneath. They've been copper-plated for years, because even then a 100% copper penny would cost much more than 1 cent to produce.

    Maybe this is a good time to stop using copper in pennies, or just get rid of the stupid coin altogether.

  164. flawed analysis by whitis · · Score: 1

    Market prices reflect short term scarcity, not long term scarcity. What matters is if the rate of consumption exceeds the rate of extraction, not the long term availibility of a resource. Corporations are concerned with short term (quarterly report) profits and routinely sacrifice the long term. Imagine what would happen if a copper mining company were to raise the price due to long term concerns in the current market. As long as enough other copper suppliers are willing to sell at the current prices, the corporation in question would lose 100% of its sales. Its next quarterly report would be dismal, if it stayed in business that long. Therefore, corporate management will continue to sell copper at lower prices and simply lay off employees and golden parachute out when supply ran out. The exception is if there is a widespread price fixing but the copper equivalent of OPEC is defunct (and the US rendered OPEC pretty ineffective as well through political and military means).

    As long as there is enough copper that can be extracted cheaply to satisfy current consumption, copper prices are likely to reflect the lowest bidder. Copper prices will increase, however, if the cost of extraction for even a small portion of the mining needed to extract the current copper usage rate goes up. Imagine if current copper consumption is 1 million tons per year (actually, closer to 13.6 million) and we can extract 750 thousand tons/year at $1/pound and 500 thousand tons per year at $2/pound. At that point, the price of all copper will go to around $2/pound because no one who can extract it at $1/pound is in danger of losing sales by raising the price to just shy of $2/pound since demand is sufficient to guarantee the purchase of all of the "cheap" copper even though after windfall pricing cheap copper will only be a few cents cheaper than expensive copper. How fast copper (or most other natural resources) can be extracted depends on how much you are willing to pay for it if you are above the level where it is all easy to extract, with delays to deploy new mines or bring idle mines online. When demand exceeds total current production capacity, then simple supply and demand kick in and drive prices up even further.

    You were dead wrong on your claims that there is plenty of oil availible. Sure, you may read about new oil discoveries all the time. But the rate of new oil discoveries is much lower than the rate at which oil is depleted. The price of oil has risen, though, not because of scarcity of total supply but because the current demand exceeds the rate at which oil can be extracted from the cheap easy oil fields. You have made the common mistake of looking at a numerator while ignoring the denominator or putting it into context. Even worse, you didn't even look at the whole numerator. New mine discoveries are meaningless without being compared to things like the number of mine closures (and their production levels), total consumption, and relative cost of extraction.

    In some ways, the oil shortage may mitigate the copper demand - the third world simply is not going to rise to our standard of living due to energy costs; it is more likely that US standards will decline towards those of the third world. On the other hand, a scarcity of copper is an issue for alternate energy. Wind turbines and electric motors on hybrid and electric cars frequently use significant amounts of copper. Fortunately, we can probably substitute aluminum for the bulk of that with some loss of efficiency. But the time for that is before we use large amounts of copper in those applications, not after.

    The worlds largest producer of copper is Chile, which produces 36% of the world supply and more than the next several largest producers combined. I have been there and seen the small backyard scale smelting operations; large scale copper mining has largely displaced the small scale operations, in recent years, however. If Chile decided to take a long term view and levy a substantial tax on resource extraction, it could double copper prices overnight. But that would probably be followed by a US backed coup attempt and other countries would ramp up production.

    1. Re:flawed analysis by whitis · · Score: 1

      Just to clarify the lowest bidder comment. The price of mineral resources tracks the highest cost of those lowest cost producers necessary to meet demand. While buyers purchase from the lowest bidders, the lowest bidders will raise their price to just a hair below the highest cost producer needed to be brought online to satisfy current demand levels. So, the price never really tracks the lowest bidder (unless they can produce 100% of demand or unless they are not aware of what others are being paid), though it may look like it. By lowest bidder in this case, I meant the lowest cost producers in a situation where the low cost producers could meet demand would set the price and the others would basically shut down or not startup production. So, if you have various cost groups of producers each capable of meeting 10% of current demand at $0.10, $0.20, $0.30, ... Then the current price will be $1 with the cheap producers getting a huge windfall and the $1.10 producer not being able to sell their goods. In that example, price would be linear with demand but in the real world, extraction costs are likely to be non-linear (perhaps exponential) vs. demand.

  165. Recycle by massysett · · Score: 1
    As prices go up, we find ways to recycle. I remember reading a news story about an old abandoned railroad bridge. It sat there for decades. As the price of steel has been sky high lately, the railroad figured out it could make money by selling the bridge (as the old saying goes) and floating it down the river for recycling. (Preservationists who got used to the picturesque bridge didn't like the idea!)

    Copper is already being recycled; there are folks in developing countries who hack apart old computers to recover the copper. More old copper would be found as the price goes up.

    Freon was banned, which led to the production of substitutes as well as a thriving secondary market for Freon.

    So, even if we run out of copper, I say so what...the market will come up with substitutes, and meanwhile, there is plenty of old copper out there to recycle.

  166. Resources by AviLazar · · Score: 1

    While copper is a resource that can be tied up, it is not a perishible resource (like oil). As such, we just need to, you know, recycle. Also, lets stop the pennies - that has got to help, and it is the most useless piece of currency out there.

    --

    I mod down so you can mod up. Your welcome.
  167. Another bunch of dewy-eyed enviro-suckers! Hehe! by Anonymous Coward · · Score: 0

    Mineral Deposits

    Back in 1980, during the height of the Carter-era resource depletion scare, economist Julian Simon bet conservationist Paul Ehrlich $1,000 that the real price of any group of natural resources of Ehrlich's choice would be less at any given date in the future than in 1980. Ehrlich chose five minerals-copper, chrome, nickel, tin, and tungsten-and set the payoff date for 10 years hence. As Simon expected, the real price of those five resources dropped by 24 percent, 40 percent, 8 percent, 68 percent, and 78 percent, respectively. Ehrlich sent Simon a check-but no admission of error-in 1990. No matter which minerals Ehrlich chose, it was a sucker's bet. All but two strategic minerals (manganese and zinc) declined in price during the 1980s, reflecting the dramatic increase in mineral abundance that has occurred globally since the beginning of time. Simon renewed his offer to any and all corners in 1992, but to date there have been no takers. As the data in Table 1 indicate, proven reserves of virtually all important minerals have skyrocketed since 1950.

  168. Fischer-Tropsch by ichigo+2.0 · · Score: 1

    Oil can be synthesized from inorganic sources as well: the Fischer-Tropsch process that Germany used during WW2 to produce their fuel.

  169. Typo. by ichigo+2.0 · · Score: 1

    Had I bothered to preview I would have used abiotic instead of inorganic. Apologies to any chemistry buffs reading my previous post.

  170. Already a problem - theft of copper wires rising by wired_parrot · · Score: 1

    The limited supply of copper is already becoming a problem long before we have any supply problems, as the price for copper increases. theft of copper has become a big problem in the developing world, especially as policing the thousands of kilometers of kilometers of copper wire and copper piping is an impossible task. As the price for copper increases, the problem will only get worse.

  171. Trade in your real copper pennys for extra cash! by oxnyx · · Score: 1

    I can see it now. Take that old "usless" penny jar and turn it in bills or at least larger charge to keep North America happy and as charity to 3rd World dev. projects. Now if we could move the penny to being just copper "coloured" or make out of an easy to find metel. We're all set.

    --
    Life is like untied shoe laces; it always tripping you up and getting in your way.
  172. Pennies are made mostly of Zinc by EmagGeek · · Score: 1, Interesting

    Not copper. There is just a thin copper plating on them. I penny weighs 2.5g, 2.5% of which is copper, or 0.0625 grams. $1M in US pennies contains approximately 2/3 cubic meter of copper, 6250kg.

    Pennies aren't the problem.

    However, nickels are 75% copper and weigh 5 grams, so each coin has 3.75g of copper in it. $1M in nickels has 75000kg of copper, or approximately 8.3 cubic meters of copper.

    So, nickels aren't really the problem either.

    1 km of AWG-14 copper wiring for a house (14/2) has 3 km of copper wire with a cross section of 2.08mm, for a total volume of 6.24E6 cubic mm, or 0.00624 cubic meters.

    1 km of three-phase high tension wire, AWG-000000, has 0.51 cubic meters of copper. String a high tension wireset over 1000km, and you have 500 cubic meters of copper.

    1. Re:Pennies are made mostly of Zinc by nagora · · Score: 1

      You are wise in the ways of copper.

      --
      "Encyclopedia" is to "Wikipedia" what "Library" is to "Some people at a bus stop"
  173. The world's supply of horses may not allow by AnonymousMous · · Score: 1

    third world economies to develop automobiles.
    I think that there is a mistaken assumption in the argument that developing economies will need to have everything we had to develop as they will. The argument seems to go: We had wire. Now we have wireless. They will need wire to get wireless as well.
    I don't think so.
    And what if they do? Maybe they have thriftier habits, and will be able to do more with less.

  174. Just stop wasting it with redundant wires. by chris_sawtell · · Score: 1
    I wonder how much copper could be saved if we:
    1. Produced cable with the correct number of wires in it.
      ( Count how many wires in CAT-5/6 actually carry a signal. See: This tutorial)
    2. Produced decent connectors so patch cables last longer than just a few months.
      ( Who has never had that tiddly tin-pot plastic retaining clip fall off an RJ-45 plug? }
    3. Didn't leave unused cable in buildings.
    4. Attempted to recover the copper, and other things, from the e-waste
  175. easier way by Anonymous Coward · · Score: 0

    Measure the conductivity of the pennies. The pure copper pennies should have much less resistance than copper-plated zinc pennies.

    Vending machines already use conductivity, so it is not hard to do. (In the US, it is used to identify dollar coins. For this reason, the Susan B. and the Sacajawea dollars both have the same conductivity.)

  176. Superconductors by spiro_killglance · · Score: 1

    Nothing to worry about, in the future we'll replace copper with high temperature supersonductor.

    Oh wait, HTS are curprates.

  177. Copper is no different by drdewm · · Score: 1

    There is no resource that can be stretched to support billions of wasteful monkies indefinitly. So yes the oil is going to run out, so is copper and zinc and fresh water and farmable land, wood, animals, etc etc etc all of it. Too many monkies end of story. End of silly psuedo scientific debate. It's all going to run out. Not today and not tomorrow but it will.

    1. Re:Copper is no different by Script+Cat · · Score: 1

      Copper is an element and being so can always be recovered. We're not launching it into the sun. Maybe small amounts into Jupiter and the other planets but not the Sun anyway.

  178. Hot stock tip? by dajak · · Score: 1

    Is this a pump and dump operation to get rid of copper? Copper is not running out.

  179. Technology as magic with an instant fix - again by dbIII · · Score: 1
    The day that copper is gone for good is the day that we take clay out of the ground and find a way to offer room temperature superconductivity.
    Aha! The cry of the economist. As they plummet to the ground from a crashing plane someone will set up a parachute shop on a nearby cloud to save them as well. Meanwhile the greasy Moorlocks in the basement have been working on such things as superconductivity for decades and a last minute extra pile of cash and a few more assistants is not going to magicly solve the problem quickly - just because people don't understand technology doesn't mean it is magic.

    However, engineers are resourceful and so long as you can put up with inferior solutions things will be done based on known laws of physics.

    Meanwhile, expect more large modern art bronze sculptures to vanish and power lines in lawless areas getting torn down by locals and sold for scrap.

    1. Re:Technology as magic with an instant fix - again by justins · · Score: 1
      As they plummet to the ground from a crashing plane someone will set up a parachute shop on a nearby cloud to save them as well.

      Someone mod that shit up as funny. :)
      --
      Now before I get modded down, I be to remind whoever might read this that what I am saying is FACT. - bogaboga
    2. Re:Technology as magic with an instant fix - again by tehdaemon · · Score: 1
      To translate your analogy. Cost be damned, it is going to take a while to develop room temp superconductivity. In order for there to be a smooth transition you need copper costs to be high enough to fund such research, for long enough to complete the research, and yet low enough that those essential uses of copper are still cheap enough that we have them 'at all'. If the research turns out to be harder or more expensive - oops, we're screwed.

      Imagine for instance a hunter gatherer society that is running out of wood for fuel. No amount of price increases are going to give them enough money to fund fusion research. It is simply too far ahead of them. Hell if it weren't for coal and fission, it would probably still be to far ahead of us given the oil situation.

      --
      Laws are horrible moral guides, moral guides make even worse laws.
  180. This isnt as big an issue as one might think. by Anonymous Coward · · Score: 1, Interesting

    I dont think the copper issue will be a problem for much longer.

    Copper pipes and whatnot are slowly but surely being replaced by pvc, copper is now only used in small pieces of pipe or where there's going to be a lot of heat going through the pipes. PVC is used for just about everything else.

    Cabling in the next decade or two will be replaced by fibre, if copper prices rise, many companies will find it profitable to just go all out on fibre and rip their copper lines off the poles, out of the ground, and out of the walls. cable tv, IPTV, broadband will all do this eventually, plus fibre's cost to maintain is noticeably lower than copper's. you dont need to repeat signals as often, better transmission, etc.

    Cabling in computers, minus electrical uses, will soon be fibre, at least for hard drives and cdrom drives, as it will be the best way to send data, sound cables may eventually be fibre as well, digital does have its perks in that respect.

    We do have the means to make plastic (which lower end fibre can be made from), even when petroleum is gone, we still have methods of making oil for those purposes. Then there's glass.

    Then the last resort too are landfills, which are the goldmines of the future. all the organics will be broken down, there will be a huge abundance of metals in them, and gasses that can be used for energy.

  181. Or... by Anonymous Coward · · Score: 0

    You can buy Canadian pennies for .85 cents, giving you the added bonus that up till 1997 they are made with 95% copper.

    start mining those pockets.

  182. Nitpic by geekoid · · Score: 1

    Silver tarnishes and is bad for the connection end.
    OTOH, it is nice to know there is at least ONE other person who knows the in it's pure state, silver has higher siemans.

    I worked with this uppity MIT* guy. Made him eat serious crow over that. I'll never forget the expression on his smug ass face when I should him the outer valance band.
    Yeah, he was a jerk.

    In general, I grant people with MIT degrees A little leyway in the uppity departmant.. but this buy, sheeesh.

    --
    The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
    1. Re:Nitpic by hamburger+lady · · Score: 1, Funny

      I'll never forget the expression on his smug ass face when I should him the outer valance band.

      that has to be the nerdiest smackdown i've ever read. sheesh.

      --

      ---
      Is this the MPAA? Is this the RIAA? Is this the DMCA? I thought it was the USA!
  183. well... by geekoid · · Score: 1

    Calculate copper usage over a period of time
    WHen the usage breakes10% of the wieght of the earth, we're boned. Probably much less.

    --
    The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
  184. we've only been using copper wiring for 200 yrs! by iamhassi · · Score: 2
    FTFA:
    "In fact, residents of Canada, Mexico and the U.S. required an average of 170 kilograms of copper per person. Multiply that by overall population estimates of 10 billion people by 2100 and the world will require 1.7 billion metric tons of copper by that date--more than even the most generous estimate of available resources. "

    ok... you do realize civilization has been using copper wiring for less than 200 years correct? So why the "gloom and doom" scenario set 100 yrs in the future ? As they mentioned we've already got great alternatives like wireless, fiber and PVC, do they really think we're gonna need copper 100 yrs from now as much as we do now?

    I predict that long before 2100 we find an alternative, remember 100 years is a very long time when it comes to technology, just look at planes, computers, plastics, glue, etc.

    Also they're assuming the entire world will be at the level the average American is now by 2100. Let's not forget there's many people in foreign countries still without electricity or running water, things most Americans had over 100 years ago, so why assume that everyone on the planet will have them 100 years from now?

    This has got to be the most absurd "sky is falling" scenario I've ever read, I wouldn't be surprised if it was written by recycling companies or copper lobbyist.

    --
    my karma will be here long after I'm gone
  185. The fifth yorkshireman by TiggertheMad · · Score: 1

    You sodding softy!

    I had to do everything you mentioned, but I had to post about it on slashdot from a WINDOWS machine....

    --

    HA! I just wasted some of your bandwidth with a frivolous sig!
  186. Practical value vs intrinsic value by NotQuiteReal · · Score: 1
    If you offer a woman whose children have been starving for a week her choice of a pound of food or a pound of gold, I'll bet she'll choose the food.

    What's your point?

    If you are going to make up straw-man (or starving woman) arguments out of thin air for off-topic rhetorical purposes, I will simply embelish the situation and say said woman and her family are standing in a well stocked market.

    Now what does she do? Take the gold! It can buy a lot of food (assuming there is a "market" for gold, blah, blah blah).

    A pound of something useful is "worth" more than a pound of something otherwise valuable, but not useful at the time. It is all in context.

    Obviously I'd rather be stranded on an island with a knife than a gold coin, but the gold coin represents a lot more intrinsic value than a piece of sharpened steel. Precious metals are valuable because they represent a naturally scarce resource that takes a lot of work to get. A modern gold mine typically processes 20 or more TONS of ore to get an ounce of gold.

    --
    This issue is a bit more complicated than you think.
    1. Re:Practical value vs intrinsic value by smellsofbikes · · Score: 1

      As someone who spends a decent amount of time every summer doing gold recovery, I have a pretty clear idea how much processing it takes to get pure gold from the ground. I also have a clear idea of supply and demand. Humans need air, water, and food. Those might be intrinsically valuable, although that's basically restating my 'threat of imminent death' claim. Everything else is optional -- in other words, nothing else has intrinsic value. And, by the way, the ref to "The Pearl" was specifically anticipating the 'in a well-stocked marketplace' situation.

      --
      Nostalgia's not what it used to be.
  187. Re:Pennies by geekoid · · Score: 1

    his point is that ~2.5% used to be bad.

    Personally,I think the acceptence of have two working parents, and the children locked up and cared for by others, or left alone, increased the disposable income. People became willing to spend more on items, so their cost went up.
    Of course, the per person pay didn't go up, and now the price has caught up with the additional income.

    I believe this is strongly mirrored witht he price of housing.
    1970, my dad made 18K a year. Is nice house, in a new neighborhood cost 20K.
    That same house cost 500K today. So I would need to make about 450K to be in the same mortgage spending bracket.

    This about how people make purchases. They don't say, whats a reasonable price for this house. They say, how much can we spend on a house PER MONTH. hence 40year loans.

    --
    The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
  188. Re:Technology to solve scarcity problems? by whawk640 · · Score: 1
    "How is this a misconception? Innovation DOES arise in times of need -- that's what drives innovation: a need. In every case this has happened."

    Yes, they will eventually work. My point is just to start innovation now. The first attempt will be imperfect, it takes time to solve problems via technology. The trick is to realize the problem early enough to get through those .0 releases of the technology before we really need it. Can the short-sighted self-interested governments of the world realize the problems in time to let innovation save us from this or any other major shortage?

    The answer is not clear to me.

    Innovation will continue and I think that's a good thing. It will take some people looking ahead and seeing the problems before they are widely known.

    All of this discussion is a good thing and a positive sign that perhaps some smart people will start solving the problems before the politicians start looking for the solutions.
  189. I refer to the great philosopher Homer by geekoid · · Score: 1

    Homer: "Awww, $20?? But I wanted a peanut!"
    Homer's mind: "$20 can buy many peanuts!"
    Homer: "Explain how."
    Homer's Mind: "Money can be exchanged for goods and services."
    Homer: "WOO HOO!"

    --
    The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
  190. You forgot by geekoid · · Score: 1

    4 bands good, three bands bad.

    --
    The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
    1. Re:You forgot by Anonymous Coward · · Score: 0

      This saying is of course from the classic novel Alchemy Farm.

      -----
      Sheesh, you can't be a good Anonymous Coward thesedays without being told "Slow Down Cowboy!"

  191. Alternate energy solutions by filament · · Score: 0

    One possible way of reducing our copper usage is to change the ways we transport energy. Carrying electricity for thousands of kilometres is a waste of copper and electricity when the electricity can be generated locally using generators (wind, solar) that are constructed with much less materials than the actual cables. Wireless telecommunications also require much less copper cabling (as do optical cables). The developed world could use much less resources if we shared our possessions rather than insisting on owning everything (why does every house need fifty power and garden tools that are only getting used occasionally and decaying from time rather than use). In reality, most the stuff that the developed world buys (and the developing world often makes) is luxury - gifts that are not needed and rarely used.

    Even the huge copper pipelines for oil and gas (and in some cases even water) are built to keep up with the demand of developed-world excess and refusal to use green energy and transport, and many of our developing neighbours are copying our wasteful habits.

    I suspect in the next fifty years we will start digging up landfill to recycle metals and other minerals.

    When carbon nanotubes become (much) cheaper to produce, we may see copper cables replaced with carbon - very high tensile cables, with high conductivity. And at this stage there is no shortage of carbon...

    --
    This sig is covered under the GPL.
  192. Recycling isn't good?... by johnny+cashed · · Score: 1

    It depends on what you are recycling. You made an unfair statement. I know the local scrap metals place will give you cash for many metals. Maybe it isn't worth your time and energy, but for some of us, we have things that can be recycled in a cost and energy efficient manner. Aluminum scrap (not just cans), steel, car batteries, copper, etc. Plastic bottles? maybe that isn't cost effective. But aluminum is very energy intesive to smelt and get out of the ground. Hell, I dump aluminum all the time at the scrap yard, for free, just because they are performing a service and the amount of money is insignificant to me (because it is such a small amount). Do I make a trip there just for that? (and waste gas) No, I do it when it is "on the way" already. If you have kids with nothing but time on their hands (I don't but I was a kid on a farm) you can put them to work and it will make a difference in your wallet. Some recycling programs are a waste, of time and money, but not all. Extracting the gold in the plating on your circuit board is a very difficult and energy intensive process, and not worth it (at the moment).

  193. Population is predicted to take a downward turn by geekoid · · Score: 1

    Many countries are adjusting there population forcasting due to aids.

    Eventually, we will need to do something very drastic. Or find a cure. Personaly I am all about finding a cure. However at what point do we say "this needs to end now" for the survival of the species?

    Not implying right now, but it should be considered.

    --
    The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
  194. Ore + Wheat + Sheep = Dev card by heldlikesound · · Score: 1

    This is bad news for me. Ore was already only available from three hexes, even less now. I guess I'll have to start embracing the longest road strategy. Dev cards are nice becuase nobody sees it coming!

    --


    Cloud City Digital: DVD Production at its cheapest/finest
  195. Our main export is copper by jmordoj · · Score: 1

    I live in Chile, South America. We are one of the main producers of copper in the world; in fact, it is our main export by far.

    The price of copper has been claiming so fast, that the amount of Dollars coming to our country is messing with our economy, in fact, there are people trying to intervene the value of the Dollar so it doesn't keep going down as is doing now

    I don't know if the value of copper will keep rising, but it is coming to a point when our country is depending suffering because we are getting "Dutch disease"

    -- Entropy isn't what it used to be. Jack
  196. Why, I agree! by Inoshiro · · Score: 1

    I'd pay 5$ for one!

    --
    --
    Internet Explorer (n): Another bug -- that is, a feature that can't be turned off -- in Windows.
  197. You'd have to ask a chemist; I don't know. by Ivan+Matveitch · · Score: 1

    However much is necessary, though, I am hopeful that tomorrow's scientists and engineers will be up to the task.

  198. Rate of resupply by Anonymous Coward · · Score: 1, Informative

    Helium actually forms in the Earth's crust by radioactive decay; it's emitted as alpha particles when certain radioactive elements break down. It then accumulate in natural traps, usually in oil or gas fields. The trick then is how quickly helium accumulates, and while I don't have specific numbers, the answer is "not very quickly." As in, don't go to bed tonight hoping you'll have new helium to mine in the morning -- think in terms of geologic time.

    There's also a "primordial" helium reservoir in the Earth that is slowly being outgassed, and can be partly discerned from the alpha particle source based on mass, but this is also a small reservoir and will not replenish helium quickly (where quickly = economically useful time scales -- again, think in terms of geologic time).

    Most of the oil and gas fields from which helium is currently recovered have been existed for tens to a few hundred of million of years.

    There is plenty of helium off the Earth but that's certainly expensive to recover, albeit possibly cheaper than manufacturing helium by inducing alpha-decay in susceptible elements. We're definitely not, however, going to wait for helium to accumulate again in those natural traps from which we're currently recovering it.

    About Mars:
    The same processes of radioactive decay and outgassing that exist on Earth act on Mars. The mnost important differences between the Earth and Mars might be differences in the initial concentration, and subsequent fractionation in the Martian crust, of radioactive elements that decay to form helium, and the susceptibility of Martian geology to form traps for helium. I suspect the concentration of radioactive elements is close enough to Earth's that this isn't much of an issue. Mars doen't have continents, so the concentration of radioactive material (a process related to fractionation by partial melting) may not be as pronounced, in which case the helium produced by radioactive decay would be more evenly distributed through the crust, reducing the ease with which it could accumulate in any particular spot. Earth has a more active geology that might be better suited to forming the kinds of folds and rock layers conducive to trapping helium, but that's pure speculation on my part. Conversely, the relative geologic stability of Mars may allow particular reservoirs to accumulate helium for a longer period of time. Maybe we'll resolve these alternatives when we get there...

    In short, I can't make a strong case for the availability of helium on Mars, but I strongly suspect that by the time this becomes an issue for us it'll be a lot cheaper to import helium from elsewhere in the solar system.

    1. Re:Rate of resupply by ceoyoyo · · Score: 1

      Does a significant amount of helium actually get trapped for long periods of time? Helium is a very small, unreactive atom... it tends to go right through a lot of things. You can blow up a balloon and leave it for a year and it will still be full of air but if you fill it with helium it's going to go flat in a few hours. Even the foil ones only last a couple of days.

      I would suspect that the majority of that radioactive decay goes on in the mantle and core, which make up the majority of the mass of the planet and also tend to be where the heavier (the radioactive elements are heavy) elements are. The radiation also keeps the mantle and core hot.

      This wouldn't be so good for Mars since it's smaller, with less heat produced by decay (thus less helium) as it's crust no longer floats on the mantle but is one solid piece. Also, the lack of vulcanism means no mantle material is getting up near the surface. I suppose the helium could still diffuse out though.

      Helium is a trace element in the atmosphere (0.0005%), which isn't much as a percentage but is still an awful lot of helium, especially since it must be constantly refreshed. I think I heard about a proposal from somebody to mine helium from the atmosphere at one point too. Whether the production rate to maintain that is enough or if it can be isolated easily enough, I don't know.

    2. Re:Rate of resupply by Kadin2048 · · Score: 1

      There are -- or were, anyway -- natural gas reservoirs in Texas and the Southern US that were as high as 6-7% helium by volume; enough so that it created a non-trivial difference in the energy density of the natural gas.

      I don't think that's typical of most natural gas supplies, though. It might have just been a freaky geologic coincidence that we ended up with a lot of it there.

      The government program to conserve helium was related to this -- the story I heard is that the natural gas producers sold their product by the therm, so to them the helium just made for a weaker product (more gas volume per therm). The government stepped in and ran the gas through a He recovery facility, and then pumped the helium into old salt mines for storage. The gas companies got a more pure product, and everyone got very cheap helium.

      I don't have much information to substantiate this, and I don't know if those gas wells are still open or if that He recovery program is still going on. But it's my understanding that the biggest concentrations of helium in the world, and what has given us the very low price (some would say artificially low) it sells at now and has allowed for the development of MRI machines and the like, are natural gas reservoirs, and when they run out, so will the cheap helium.

      The way that helium can also be produced is through the liquefaction and distillation of air, but this is extremely expensive and energy-intensive (since there's not much of it in the air at any time, and air is a pain to liquefy). It's a lot easier to distill it from a heavy hydrocarbon, especially if it's in there at upwards of 5%. However before the helium deposits in the Texas natural gas wells were discovered, this is what was done. However He was orders of magnitude more expensive than it is now -- I've heard stories about people who worked with helium in labs, and they used to have big balloons caught escaping helium gas, and would take these filled balloons to recovery facilities for reliquefaction. I don't think that some of the radiology uses of liquid-He would be commercially viable if this was still the case.

      --
      "Ladies and gentlemen, my killbot features Lotus Notes and a machine gun. It is the finest available."
    3. Re:Rate of resupply by ceoyoyo · · Score: 1

      I don't think MRI machines would be affected much. Typically our 3T scanner gets topped off (not refilled from scratch) every year or so. The 1.5T mobile system isn't very efficient and needs to be topped off every six months or so. Note that the way you top off the 1.5T system is to get a guy up on a ladder with a dewar, so the volume involved isn't very much. If you lose or cut power to your condenser it's expensive of course... but it's also dangerous so you try not to.

      Some other applications might get a bit harder though... helium is used as a non-volatile pressurization gas in rockets, a non-reactive atmosphere for things like chip manufacture and in airships. There are alternatives for most of it's high volume uses, but it is awfully handy to have around.

  199. alloys? by YesIAmAScript · · Score: 1

    I'm pretty sure I remember from my materials science class that pure elements conduct electricy better than any alloy. This is because the alloys have more complex crystal lattices and thus always have a shorter mean free path for electrons, which means higher resistance.

    Obviously it's not always true, as the high temperature superconductors are all composites, not pure elements. But at room temperature and high-flux levels (as in electrical transmission), I think it holds true.

    Am I wrong?

    --
    http://lkml.org/lkml/2005/8/20/95
    1. Re:alloys? by antispam_ben · · Score: 1

      I'm pretty sure I remember from my materials science class that pure elements conduct electricy better than any alloy ...
      Am I wrong?


      It appears you're talking about conductivity per unit volume (the 'real' way to measure conductivity), and for that, the element silver has about a 10 percent advantage over copper, but of course silver is rarely if ever used for electrical wire because of its much higher cost.

      The parent post to yours appears to be addressing conductance vs. weight and/or conductance vs. cost (and also strength - pure elements may conduct better, but alloys can go on longer runs between towers without breaking from their own weight, saving on tower construction), all of which are very pertinent to the long runs of thick wire used for electric power distribution.

      Just thinking about all the variables, there appear to be a lot of engineering tradeoffs in the decision of what to use for electrical conductors for power distribution.

      --
      Tag lost or not installed.
  200. Steal it by mattr · · Score: 2, Insightful
    From UN University Insitute of Advanced Studies Working Paper 24 on "Informal Recycling and Collection of Solid Wastes in Developing Countries: Issues and Opportunities":
    In several Mexican localities, thieves steal telephone and electrical copper wires, cutting it off from existing lines in order to be melted down and recycled (Jaramillo, 1995; Medina, 1995; Rejon, 1995; Santacruz, 1995). Stealing of copper wire has also been reported in New York City's subways (Faison, 1993) and in transmission lines for Russian trains (Anon., 1994c)
  201. what puzzles me by khallow · · Score: 3, Interesting
    Why is have 240 kg of copper consumption per capita per year considered a "developed world" lifestyle? What makes a certain level of consumption of materials necessary for a certain quality of life? Remember that until the late 90's (ie, suspiciously near 1999), copper was extremely cheap. In this PDF report the US Geographic Survey indicates that copper sold in the years 1998-2002 for the cheapest it ever had in the past century (when adjusted for inflation). If something is cheap, then it will be consumed in quantity.

    One of the semantic tricks pulled by the Science News story and perhaps by the original authors is to term consumption a "need". In other words, just because the world is consuming copper at unusually high rates due to its low cost, this consumption is "needed". My take is that once copper rises, the "need" will dissipate.

    And that brings me to my final point. Why is this a problem? If copper becomes scarce then its price will rise and people will comsume less of it. My point here is that this problem is already solved. The economy will adjust for it naturally.

  202. Sky is not falling by typical · · Score: 1

    So the length of runs of wire that you can use become shorter. So it uses a little more power. So bandwidth capability decreases. Or, so people pay a higher price. Copper will never disappear; the shortage just means that people will have to turn to mining less rich/harder to refine deposits.

    It's not even that bad, I'll bet. Think really closely about the article text:

    In fact, residents of Canada, Mexico and the U.S. required an average of 170 kilograms of copper per person. Multiply that by overall population estimates of 10 billion people by 2100 and the world will require 1.7 billion metric tons of copper by that date--more than even the most generous estimate of available resources.

    What do all three of these countries have in common? You got it -- really low average population density. Wanna bet that the typical Tokyo resident who lives three inches from the next resident doesn't need quite as much long-range power transmission infrastructure as the guy in North Dakota who lives ten miles from anyone?

    --
    Any program relying on (nontrivial) preemptive multithreading will be buggy.
    1. Re:Sky is not falling by Anonymous Coward · · Score: 0

      Yeh, that might save a lot of copper if powerlines were ACTUALLY MADE OF COPPER! Power lines are actually made of aluminum tightly squeezed around a steel core, to protect the steel from corrosion.

  203. what about synthetic conductors? by FlippyTheSkillsaw · · Score: 1

    I recall that acetylene polymer is a conductor. Graphite is as well. Perhaps not that great, but there will be some that compounds that are.

    I suppose the wide-spread use of organic compounds as conductors will only happen if we stop burning the oil supplies before they are depleted.

    1. Re:what about synthetic conductors? by Anonymous Coward · · Score: 0
      I've got it! Let's use fiber optics! They're made from silica, which comes from sand, isn't that right?

      Oh. Silica doesn't conduct electricity. Dang.

    2. Re:what about synthetic conductors? by FlippyTheSkillsaw · · Score: 1

      It may not, but don't let that deter you from snapping RJ45 connectors on the end of some fiber optic cable and upgrading(tee hee) your home network.

  204. In Soviet America... by Anonymous Coward · · Score: 0

    ... aluminum transmission line wire brings power to YOUR home.

  205. Let's see by Ice+Wewe · · Score: 1

    *Ice Wewe slides his block of copper into the closet, and waits until it appriciates in value.* Hey, that's actually a good reason for hanging on to all those old PCs and networking gear you have. In 2050, assuming you're still alive then, you can sell it for your retirement fund. ^.^

  206. We don't need more copper by Anonymous Coward · · Score: 0

    we need less people :(

  207. Monster Mash it was a graveyard smash ! by newpath4comVersion2 · · Score: 0
    Plus, there was a severe shortage of men, women & children
    before recorded history & we survived that too! Really, we don't
    even need any new fangled energy sources greens, alternatives, nuthin'.
    We never had it then & we're doing just fine NOW and always will!!!

    http://free.seekon.com/NonNuclearFusionEngines/
    bbrrrr; Gettin' cold in here today. Someone
    turn the air conditioner around and turn it on.
    http://www.newpath4.com/WorldwideClimateEngineMsg. htm
    Ah, the old ways. The campfires and the
    campfire girls. Why change em? Why change ANYTHING??

  208. Sci Am Socialists by gsgiles · · Score: 1

    The socialists at Scientific American always get it wrong when they discuss economic issues, probably because they do not understand economics, but just parrot the socialist clap trap from academic "sages" like MIT's Paul Krugman or Noam Chmosky (who isn't an economist). Copper production is down because prices are down. EPA regs have shut down large copper mines under questionable criteria (as all gov't statistics are). Nothing will spur copper production like higher prices. The industrializing world's demand will spur production using new technology and new sources and all of a sudden the shortage will be gone. Unless of course we let the socialists at Sci Am regulate and create an artificial shortage.

  209. MOD UP!! (Please?) by Anonymous Coward · · Score: 0

    My highschool chemistry teacher could crank out mole jokes without end- sometimes dozens in a single day. I haven't heard a good one in *years*... any mods with a similarly quirky sense of humor want to give that post a +1 funny?

  210. Yuck. Freaking Randroid. by Anonymous Coward · · Score: 0

    I feel slimy from just reading your thoughts.

    But because I'm so nice, I'm going to give you directions to a free market libertopia. It's a land with no official government, no taxes, no lawsuits, and no regulations. Private militias provide security. Businesses print their own money. There are no business licenses, no medical regulations, no welfare, no subsidies.

    It's a little slice of heaven called Somalia. Perhaps you've heard of it?

    The fact that you aren't living there right now is the de facto proof that you don't even believe the garbage you spew. I doubt anyone could pay you enough to move there, which says more than any argument you make ever will.

    1. Re:Yuck. Freaking Randroid. by craigob · · Score: 1

      "But because I'm so nice, I'm going to give you directions to a free market libertopia. It's a land with no official government, no taxes, no lawsuits, and no regulations. Private militias provide security. Businesses print their own money. There are no business licenses, no medical regulations, no welfare, no subsidies."

      I never indicated that I wanted no government, it's essential for certain, limited functions. National defense (yes, national defense, not international offense), provision of a legal venue for peacefully resolving disputes, protecting the safety of the people from domestic and foreign agression, to respect and acknowledge the natural rights of it's citizens, coining money and punishing counterfeiting, and low, uniform taxation to cover those functions. You'll notice that many of those functions are carefully enumerated as powers of congress in article 1 section 8 of the U.S. Constitution. Certainly, not all of them are listed, and that's because they're intended to be done at the state and local levels, where it's far more appropriate.

      For example, there's no provision in the constitution authorizing congress to make murder illegal. The only crimes mentioned were counterfeiting, piracy, and treason. All common law is supposed to fall under the state and local governments. It is the massive federal government assuming authority on just about every subject, with piles of regulations, legislation, and taxation. All this while taxing a huge percentage of the country's annual wealth while returning next to nothing in real services to the average american that is the cause of so many problems in the U.S. today.

      You seem to have no concept of what limited government really means, and seem to have no problem with it consuming half of your earnings every year at the point of a gun just so politicians to stick their nose into whatever the crisis of the day they decide to legislate on.

  211. Asteroid mining, anyone? by tjstork · · Score: 1

    If we run out of stuff on earth, it's not like there is a shortage of materials in space.

    --
    This is my sig.