We do not know whether technology and good fortune will allow costs to remain low under the pressure of exponential rates of increase in demand. If we look only to the recent past, the outlook does not appear to be tco bad, but it has been our purpose to show that the past century is not a very good base from which to project future developments. All years are exceptional; in this matter of resources in America, the past century has been especially so. Resources probably must run low eventually if increased production of the kind developed during the past century continues; but whether the same kinds of production will continue is not so certain. So many links exist in the productive process that there may be no way to establish a hard and fast relationship between "output" and materials needs. In addition, new materials may be found and applied to new uses. Vast new ore deposits may be discovered or radical changes in technology may make old methods of mining and concentration obsolete. New kinds of goods and services may be developed. Any number of things might occur to change the materials picture in the future. But to speculate about such developments is one thing and to count on them is quite another. An assumption that technology, like the hero of many novels, will forever be able to meet all materials crises is unwarranted. Moreover, we must