Meeting the Challenge of Material Demands From the Oceans

Accelerated development of the deep-ocean and continental margin resources may be the ultimate answer to meet rapidly increasing material demands to the year 2000. The mineral-rich oceans that have been described as "vast" and "nearly inexhaustible" have to date remained virtually untapped. Mineral Dependencies Trigger US Interests A lack of known domestic reserves of selected commodities and a climbing mineral trade deficit that reached a record $19 billion in 1974 are two factors that have sustained US interests in deep-ocean and offshore mining over recent years. But the lack of federal leadership in formulating ocean mining policy is said to have significantly discouraged the major capital commitments necessary to develop these resources.