05252013Headline:

Asteroid Mining No Crazier Than Deep-Sea Drilling, Advocates Say

A newly denounced firm’s asteroid-mining skeleton might be ambitious, though they’re not any crazier than some extractive operations already underneath approach here on Earth, company officials say.

The billionaire-backed Planetary Resources, Inc. announced Tuesday (April 24) that it hopes to cave near-Earth asteroids for H2O and changed metals, with a twin aims of creation a neat distinction and assisting open a final limit to serve scrutiny and exploitation.

Asteroid mining promises to be a multidecade bid requiring many billions of dollars of investment. But in that honour — and in a technological hurdles that contingency be overcome — it’s identical to deep-sea oil drilling, pronounced Planetary Resources co-founder and co-chairman Peter Diamandis.

“They’ve literally combined robotic cities on a bottom of a ocean, 5, 10 thousand feet next a ocean’s aspect — entirely robotic cities that afterwards cave 5 to 10 thousand feet down next a ocean floor to benefit entrance to oil,” Diamandis pronounced Tuesday. “For me, that kind of work creates going to a asteroids to remove resources demeanour easy.” [Images: Planetary Resources' Asteroid Mining Plans]

Mining a heavens

While Planetary Resources has large dreams, it appears to have low pockets as well. The association depends during slightest 4 billionaires among a investors, including Google execs Larry Page and Eric Schmidt, who are value about $16.7 billion and $6.2 billion, respectively.

Filmmaker/explorer James Cameron is a Planetary Resources adviser, as are former NASA wanderer Tom Jones and MIT heavenly scientist Sara Seager.

The association aims to remove platinum-group metals and H2O from circuitously space rocks. The metals could expostulate down a prices of many consumer products here on Earth, officials say, while a H2O has a intensity to change space transportation.

Water can be damaged into a basic hydrogen and oxygen, a arch components of rocket fuel. Planetary Resources hopes a mining activities lead to a investiture of in-space “gas stations” that would concede a accumulation of booster to refuel low and efficiently. (Launching such diesel from Earth would be distant some-more expensive, association officials say.)

Planetary Resources hopes to brand a apartment of earnest asteroid targets within a decade. Actual mining activities — that will be carried out by swarms of low-cost robotic probes in low space — will come later.

Drilling in scarcely 2 miles of water

The association is underneath no illusions about a hurdles ahead.

“We’re articulate about something that is unusually difficult,” Diamandis said. Still, he stressed that it can be done, comparing asteroid mining‘s scale, range and grade of problem with deep-sea oil drilling.

“These are commitments of 5 to 50 billion dollars in any of these platforms,” Diamandis said. “It’s unusual what amiability can now do.”

To get an thought of what he’s articulate about, cruise Shell Oil’s Perdido height in a Gulf of Mexico, that began oil prolongation in Mar 2010. It floats in H2O 8,000 feet (2,438 meters) low and taps a margin that starts scarcely 2 miles underneath a ocean’s surface. [SOS! Major Oil Disasters during Sea]

Perdido sits about 200 miles (320 kilometers) off a Texas coast, too distant from land to lay new tube cost-effectively, according to Shell officials. So a association motionless to join Perdido into an existent tube 80 miles (128 km) away, regulating robotic submarines to make a perplexing connectors 4,600 feet (1,400 m) next a Gulf’s surface.

The pattern and training stages for this submarine goal took a sum of 2 1/2 years, Shell officials have said.

The Perdido height cost about $3 billion to build, and Shell expects it to be in operation for some-more than 20 years, Reuters reported progressing this year. Over that period, a height could beget $39 billion in income and $16 billion in profits, according to a Associated Press.

And rigs such as Perdido don’t only siphon oil adult off a sea floor. They’re able of accessing deposits during slightest 30,000 feet (9,144 m) next a seabed, after initial dropping rigging by scarcely 2 miles of water.

You can follow SPACE.com comparison author Mike Wall on Twitter: @michaeldwall. Follow LiveScience for a latest in scholarship news and discoveries on Twitter @livescience and on Facebook.

Copyright 2012 LiveScience, a TechMediaNetwork company. All rights reserved. This element might not be published, broadcast, rewritten or redistributed.

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