The question is “When do we do when we run out of resources?” When it happens is another question, JohnBckWLD. Technology is changing so quickly it’s hard to make a reliable estimate. The Club of Rome made a bunch of poor suppositions, but that says nothing about the whether it’s reasonable to speculate what happens when resources give out.
Eventually, the original, conventional, economic places to get some materials will run out. We’d be ignorant to imagine otherwise. Then what happens:
- We mine dumps to retrieve things we threw away.
- We create alternate materials to substitute for things we run out of. For example, alcohol to replace gasoline.
- We have really huge international confrontations about diminishing resources, during which millions of people who never got to the point of owning a cell phone die like flies. Would the Islamic terrorists be anything more than a laugh if we hadn’t been paying outrageous prices for decades for something we don’t have enough of locally?
The world may not be “out” of oil, but the shortage, and the unequal distribution is good enough to bankrupt economies. Having a dribble of material we need may not be “running” out, but if something’s too expensive to use, it might just as well be gone.
One of the deceptive factors (up to this point) has been the price stability of resources over the last 40 years. (Here I’m drawing from Mineral Resources, Economics and the Environment, which includes recycling in its calculations.) Virtually all commodities have stayed constant, given inflation. A few, such as oil, gold, copper, and natural gas have gone up quite a lot.
But in the same book is a table showing how long known mineral reserves will last. (That “known” is very difficult to interpret, due to the huge amounts spent on exploration, in the case of the oil companies, billions, count them, billions.) This table shows 10 mineral reserves giving out in the next 15 years (including gold, lead, silver, and diamond). Within 25 years after that, oil, copper, graphite, tin and cadmium run out. 25 years after that, it’s nickel, natural gas, tungsten and cobalt. There is, you may be glad to hear, more than 100 year’s supply of iron, coal, bauxite and soda ash.
How much are reserves? The answer to that question would be worth millions. There’s just no way to know, for certain. How close to being “used up” does a resource have to be before millions die? If oil is any example, not very close.
The long term solution (meaning, in this case, in our lifetimes) is to stop using material that can’t be recycled.