Orange Roughy, Fracking, and the Big Picture.

Discussion this morning on Morning Report, re Orange Roughy. Also on ‘Asset Sales’. Big Picture, we always cherry-pick resources. We didn’t start with Orange Roughy, Patagonian Toothfish, or fracking-needing oil. We started with Grand-Banks Cod – 2-man dories pulling them in over the side. We started off whacking into the Canadian Halibut, anything close, shallow and abundant.
As we deplete those prime resources, the quality diminishes, as does the return on investment (takes more effort) and concurrently the green-fields options diminish. So we end up deep-sea dangling for Orange Roughy. So we start fishing the Ross Sea. So we need to mine Schedule Four. So we need to farm our coastal water (then our deep-water).

The big picture question isn’t whether Orange Roughy is or isn’t a threatened species, it’s “where are we in total resource depletion terms; why are we here, and how long have we got from this point?”

Not a lot of media asking the question.

Another proof that we’ve hit the limits, is the need to disinvest the poor from ‘Assets’ they currently own. That’s wealth-shift within a closed system, something you only need to do if you can’t grow.

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