Latest Posts

Home

Facebook

Twitter

Search
About

The United States is Now the Largest Global Crude Oil Producer

The federal government estimates the United States likely surpassed Russia and Saudi Arabia to become the world’s largest crude oil producer.  In February, U.S. crude oil production exceeded that of Saudi Arabia for the first time in more than two decades. In June and August, the United States surpassed Russia in crude oil production for the first time since February 1999. Ten short years after all the so-called "smart money" was on Peak Oil Theory, which posited the world was running out of oil and global chaos would ensue as countries were plunged into economic turmoil and conflict as we waged war...

Continue reading

Gold Exploration Expands in Northern Minnesota

One of the world's biggest gold mining companies will likely soon be expanding its exploration efforts for the precious metal in northern Minnesota.  The Minnesota Department of Natural Resources posted the South African-based company's proposal on the agency's website.   AngloGold Ashanti Minnesota (AGAM) proposes to explore for metallic mineral deposits by drilling this fall and winter.  AGAM plans to drill exploratory borings at 26 sites in northeastern Itasca County, MN.  The exploration areas are about 7 miles west and about 4 miles south of Togo, Minnesota.  AGAM submitted an Exploration Plan to the DNR for review on September 7, 2018. AGAM will...

Continue reading

If tourism is an alternative source of prosperity for northern Minnesota, why isn’t it already?

When you make the argument for mining in Minnesota, a common response is that it would threaten the region's booming tourism industry. Mining jobs aren't needed, so the argument goes, because their are jobs in tourism instead. The trouble is that when you look at the data, you struggle to see this 'boom'. Low paid, seasonal employment such as this has not and in all likelihood will not provide the prosperity that our fellow Minnesotans in the north of the state both need and deserve.  ...

Continue reading

“See You Next Summer!” Said the Tourism Jobs

Tourism jobs are important, but it also important to understand and acknowledge the economic limitations of these jobs. They generally have lower wages and are more seasonal. Mining Minnesota's copper, nickel, platinum, and titanium resources would create 1,900 high-paying mining jobs and support more than 3,000 jobs in the supply chain....

Continue reading

Star Tribune Urges Serious Debate Over More Mining

American Experiment's campaign to focus attention on environmentally responsible mining of Minnesota's world-class mineral resources has picked up momentum from a surprising source--the Star Tribune Editorial Board. Dueling studies released within days of each other have performed a valuable public service this election season: putting a spotlight on economic risks and benefits of mining for copper and other precious metals in northeast Minnesota. Voters not only have a responsibility to learn more about both analyses — one is from a pro-business group [Center of the American Experiment] and the other from a Harvard economist — but also to push gubernatorial candidates in particular on...

Continue reading