Authored by Tsvetana Paraskova via OilPrice.com,
The centuries-long human fascination with space may go beyond making sci-fi movies and into a brave new world of asteroid mining within just a couple of decades.
While scientists and engineers have been studying the costs and technology necessary to launch space mining probes and missions, an analyst reckons that private companies could begin launching satellites prospecting asteroids within five years, and actual mining for water and rare metals on asteroids could begin within eight years.
In this new quest for resources, the Middle East oil-exporting countries, which have long been considered the swing crude oil suppliers on Earth, could play a role in mining for water and platinum group metals on asteroids in space, according to Tom James, Senior Quality Assurance (QA) Partner at energy consultant Navitas Resources.
This post was published at Zero Hedge on Apr 28, 2017.