Increasing Global Nonrenewable Natural Resource Scarcity—An Analysis

A MUST READ! This is a excellent post by Chris Clugston. It is a somewhat abbreviated version of a longer analysis he did. For the past four years, he has been researching aspects of sustainability. Prior to that time, he worked for 30 years as an executive and consultant in Information Technology. During the pre-recession years of the 21st century, we experienced wide-ranging nonrenewable natural resource (NNR) scarcity on a global scale for the first time. Supplies associated with an overwhelming majority of the global energy resources, metals, and minerals that enable our industrialized way of life failed to keep pace with increasing global demand during the 2000-2008 period, resulting in global NNR supply shortfalls. Global NNR scarcity will intensify going forward, as global economic activity levels, economic growth rates, and corresponding NNR demand return to their pre-recession levels; and global NNR supply levels continue to approach and reach their geological limits. The debilitating societal effects associated with global NNR scarcity, which we experienced to a limited degree during the Great Recession, will also intensify going forward, as temporary global NNR supply shortfalls become permanent. The Global Nonrenewable Natural Resource Scarcity Assessment quantifies the scope associated with global NNR scarcity, both prior to the Great Recession and going forward, by analyzing global production (extraction) data, price data, and reserve base estimates associated with a broad array of energy resources, metals, and minerals. The salient findings associated with the assessment: 50 of the 57 analyzed NNRs (88%) experienced global scarcity during the 2000-2008 period; 23 of the 26 analyzed NNRs (88%) will likely experience permanent global supply shortfalls by the year 2030. At the end of the day, we are not about to “run out” of any NNR; we are about to run “critically short” of many. This reality will have a devastating impact on our industrial lifestyle paradigm.

Other works of Chris Clugston: http://www.wakeupamerika.com/papers-and-essays.html