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“Drill Baby Drill”
In Donald Trump’s inauguration speech he said “Drill baby drill.” Some say he was talking about drilling for oil but he also said that economic growth was going to boom, that the US was going to become a great manufacturing country again and that there would be much prosperity.
If you want economic growth, manufacturing and prosperity you are going to require materials to work with. Those materials will include copper, iron, nickel, zinc, silver, lithium, rare earth elements, silicon, carbon and on and on.
All these materials come from mines. So, more mines are going to be needed, more discoveries and more drilling. Drilling is the most necessary part of exploring for elements and the most reliable indicator of a viable discovery. “Drill baby drill” also applies heavily to mining.
Drilling is also the most expensive part of finding ore deposits. Where is the money going to come from to fund this drilling? Is the government going to invest in mining exploration? Will they give tax incentives to financiers for investing in exploration? Mining exploration companies are grossly underfunded.
Another big setback is that it takes years to develop a mine. It takes years to get permits and required procedures done. The average commissioned mine today was about 17 years in the making. A new discovery is about 17 years away from commissioning.
Donald Trump only has four years to get anything done and then the US will be faced with an election and we all know what those can be like. Unless Donald Trump’s government can establish permanent effective and productive changes the US will soon return to dire straits.
Lasting prosperity can only happen with the help of God and God tells us that the Destroyer is prophesied to come before Jesus’ return. Donald Trump might have a brief moment of success but permanent prosperity will come after the return of Jesus to rule over the earth during the millennium.
2025 Jacques Gauvin
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