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Vince Matthews Speaker Series Thursday, May 12th, 2011

May 6, 2011

The Global Scramble for Mineral and Energy Resources:

Its present and potential impact on Colorado/America


Dr. Vince Matthews, Director,                                 Colorado Geological Survey 

Thursday, May 12th, 2011
11:30 am – 1:00 pm
Lunch will be provided
1600 Broadway Denver, CO 80202
5th Floor, Conference Room

       


Click here to RSVP 

Colorado’s history is steeped in its rich horde of natural resources. Today the state is still a major provider of minerals and energy.Because the world’s mineral and energy resources are being strained to supply exploding demands, the price of nearly every natural-resource commodity has dramatically escalated in the 21stcentury.

Not only has the price of commodities increased, but the competition to simply obtain a share of these natural resources has become intense. The U.S. has already suffered from a shortage of several mineral commodities.

From cement, to steel, to fertilizers, to precious metals; the scramble for a piece of the worldwide pie is in a state the world has never known.

As America looks increasingly to alternative energy sources, we may not escape the import problem.  Many of the current alternative energy technologies use a variety of imported mineral commodities, especially rare earths. The country’s vulnerabilities to foreign sources of strategic mineral commodities are only beginning to be recognized.

The worldwide economic collapse of 2008-09 caused mineral prices to drop more in four months than in four years of the Great Depression.  However, already the prices of most natural resources are increasing in a robust manner.  This brings back the insidious, but largely hidden, inflationary pressures that were affecting us up through early 2008.

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