Will a Lloyd Dobler Economy Save Us?

-By Beth Shaw

Will a Lloyd Dobler economy save us? That’s the question being asked around the internet today and we can surely expect more of that sort of question as we are seeing more and more headlines of looming economic disaster, both nationally and globally.

What is getting in the way of the United States creating, building, producing and hiring?

From Rick Manning at The Hill:

In Alaska, one of the most significant finds of copper, gold and molybdenum (hardens steel) in U.S. history was discovered. Yet almost a decade later — and more than $125 million of environmental and cultural studies later — the Pebble Mine is still being subjected to Environmental Protection Agency review. A review that is at best likely to demand that tens of millions more dollars be spent for additional studies encompassing an area roughly equal to the states of Maryland and New Jersey combined. All to open one mine and put 2,000 miners to work.

To make matters worse, the ore won’t be processed in the U.S., because our domestic copper smelting capacity has been cut by about 60 percent in the past 20 years. More jobs lost largely on the altar of environmental regulation.

This is just one of myriad examples of how our nation’s obsession with litigation and environmental regulation has turned us into a place where employers cannot afford to create jobs. It is cheaper and more profitable to do it elsewhere.

Just think about what this means for our economy! There are jobs that aren’t being created and minerals our country can’t use because of environmental regulations and law suits! Not to mention the tax-dollars that are being spent to impose the EPA reviews and regulations. Pebble Mine is just one of many around the country that are struggling under the weight of this bureaucratic nightmare. Not to mention that ‘We the People’ are suffering as a result of high unemployment rates and high energy costs while we have everything we need to solve these problems within our own borders…

More at ResourcefulEarthNews.org

Filed under: Uncategorized

Tags: Economy, Energy, EPA, Regulations

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    The National Academy of Sciences, Committee on Critical Mineral Impacts of the US Economy has noted that while copper is certainly essential to the economy, the mineral is not in a critical state of supply.

    It is also worth mentioning there are other copper deposits out there that do not sit a top spawning habitat for the world’s largest salmon ecosystem.

    If the issue of debate is one of jobs, one must realize that fewer jobs will be created by the Pebble Mine than the number of jobs at stake. A recent report, or ‘plan,’ released by Northern Dynasty Minerals (half owner in the Pebble project), lists only 1278 jobs at 18 years of operation.

    The commercial fishery alone supports over 12,000 jobs, the sport fishing industry generates $166 million for the state, and the fishery as a whole provides roughly $450 – $500 million a year in regionally driven revenue.

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