The flow of Natural Resources and Raw Materials is crucial for our nation’s Industrial Capacity in addition to our Job base. There are many reasons we should collect the raw materials we have in our country that already exist in our country instead of importing them whenever feasible or feasible. If there are any reasons that prevent us from collecting these natural resources in our country, only then, should we consider enlisting our trading partners to provide us with the raw materials and other resources?
We can mine these natural resources within our borders and then transport them over short distances to factories, processing facilities refineries, power plants for energy, and railroads or shipping ports to export them in a speedy and cost-effective method it is a good idea to. Our country has experienced the loss of the majority of our mining during the past 40 years. A portion of this was due to the Federal Clean Water Act in 1972, which sought to stop the polluting effects of things like strip mining.
Numerous other mining operations as well as drilling rigs, plants, and mines were shut down due to the price. It was usually due to the global market price of the mineral or natural resource. A large portion of mining was shut down because of regulations and labor costs, unions OSHA regulations, and so on. A few examples of mining costs are insurmountable. If we look at the recent closure of the Gold Mine in Butte, MT we discover that the mine had to close because of the growing cost of energy needed to crush rocks in order to extract Gold. Energy costs increased from $280,000 per month up to 1.6 million per month. There were other problems, however, imagine having that electric bill and attempting to control your costs. The unpredictability of energy bills is essential for mining and any other industries, and price increases and over-regulations can be a death knuckle.
This overregulation has accidentally resulted in the offshoring of America’s industrial power. In the absence of mining nearby, raw materials cost a lot to transport, which is why things are manufactured closer to the raw materials. Therefore, we are the ones to blame for our industrial and manufacturing industry loss. We allowed excessive regulation and linear thinking to weaken us. Take a look at the article that was written during my trip to China as well as being made in China.