A base on the Moon? That would be awesome! But it can't be done for profit... yet (ESA).

For more on this topic, you can listen to me chat with BBC 5live’s Dotun Adebayo (from “Up All Night” on Jan. 28 — at 1hr 26mins into the show) and check out the Al Jazeera article (“Gingrich promises US ‘moon base’ by 2020“) I was interviewed for.

In case you haven’t heard, one of the Republican presidential candidate hopefuls, Newt Gingrich, has stellar plans for the U.S. in space. Should he make it though the GOP primaries and beat President Obama in this year’s presidential elections and make it to a second second term in office, the United States of America is going back to the Moon! *applause* *cheers* *ticker tape raining down on Times Square*

“By the end of my second term, we will have the first permanent base on the moon and it will be American!” Gingrich declared on Wednesday when he was outlining his plans for NASA and the U.S. space industry during his Florida GOP campaign.

A lot of what Gingrich said seemed to make sense — less NASA bureaucracy, more commercial investment, space prizes — but the one thing the majority of the media fixated on is the “Moon base” thing.

Generally speaking, any promises made during a presidential campaign, let alone a GOP presidential candidate primary, should be taken with a big pinch of salt. Gingrich, who has been hammered by bad press and negative ad campaigns by opponent Mitt Romney, decided to go “all in” during his Space Coast speeches in the hope of persuading Florida — a key swing state — that he was their man to reinvigorate the state’s major industry.

But it looks like his promises have gone a little too far.

Sending men to the moon during the Apollo era cost the U.S. $170 billion (in today’s money). This cost encompassed the development of manned space flight technology — from the massive Saturn V rockets to the Lunar Modules. But to set up a Moon base (an American Moon base no less) the costs of developing the technology, building the base, creation of a Earth-Moon transportation infrastructure and maintaining lunar assets for many years would spiral into hundreds of billions of dollars.

But it’s OK, NASA wouldn’t be expected to pick up the bill, which is fortunate as the U.S. space agency’s budget stands at less than $18 billion (for 2012). In 1966, 60 percent of NASA’s entire budget was pumped into the Apollo Program, so if that were to happen again, NASA science would be a thing of the past.

Using incentives, Gingrich’s plan is to heavily involve private industry. 10 percent of NASA’s budget will be set aside for industrial “prizes” — presumably X PRIZE-like programs. Also, the lunar surface would be a “free-for-all” — corporations would dig in, mine and pillage the lunar surface for its treasures. And then there’s science! Don’t forget the science! SCIENCE will be done, because science is all kinds of awesome.

But there’s a juicy fly in the ointment that Gingrich appears to be ignoring: Where’s the incentive?

As we’ve already established, spaceflight is really, really expensive. Setting up a Moon base would be really, really, really expensive. The International Space Station (ISS) took international collaboration to build and maintain (not forgetting that NASA can’t even access this huge chunk of orbiting real estate without asking Russia for a hand), so whether or not you think $100 billion is a lot of dough for an orbiting outpost, “hundreds of billions” seems like a reasonable estimate for a Moon base. NASA simply can’t “go it alone” to set up an American base, it would need to be an international collaboration, or there would need to be a huge investment made by U.S. commercial interests.

Now, I’m no businessman, so I might be wrong, but companies like to see a return on their investments, right?

We could see similar deals between NASA and private space companies to courier people and cargo into space (like the COTS program that invigorates partnerships like the one between NASA and SpaceX), but again, we’d need to see significant investment by a government agency: NASA. How to get out of this government-funded loop? Let companies profit from the Moon’s resources — there must be gazillions of dollars to be made from that, right?

No.

You’ll hear many people discuss Helium-3 with huge enthusiasm, which is found in abundance on the lunar surface. Helium-3 is the much-touted fuel for fusion power plants. Fusion power is the world’s cleanest, most abundant energy resource; whoever controls the supply of Helium-3 from the surface of the moon could stand to make trillions!

Oh… wait. Fusion power plants? Yeah, we haven’t invented them yet.

What about using the Moon as a massive resource of precious metals? After all, the moon is made from the same stuff Earth is made of, gold and platinum should be hiding in that Moon rock. Why not set up vast strip mines and refineries? Hell, it would be far easier to extract raw materials and refine them in-situ on the Moon than mining asteroids.

But once again, there’s a big problem; it would cost far more to extract, refine and transport the material back to Earth (let alone the huge health & safety/insurance concerns with flying the stuff back to Earth, reentering tons of materials over populated regions) than the profit a company could stand to make from such an operation.

So, in summary, to build a Moon base it would cost a lot of money. In the current political and financial climate, there isn’t a cat in hell’s chance of seeing a U.S. government agency like NASA footing the bill. Private investment would need to be found. But companies don’t like risking tens (to hundreds) of billions of dollars unless they can see some potential for profit. A Moon base, for now, is not an investment.

Also, the Outer Space Treaty forbids any nation from “owning” any portion of the Moon — so sending U.S. companies to mine the Moon could be a pretty awkward scenario. This alone invalidates the “American Moon base” idea if it was being used for anything other than science purposes. Seeing a mining operation pop up in the Sea of Tranquility would be like BP building a refinery in the Antarctic. Sure, it can be done, but the international fallout would be horrendous (another factor that might dissuade corporate investment in the first place).

The modern world’s economy is based on growth, profit and the politics they motivate. Making money from space, in the near term, doesn’t involve bases on the Moon. Profit and growth can be found in government contracts and investment in cheap space launch alternatives. Space tourism, in the near-term, is also showing some promise. These areas of growth focus on basic space infrastructure — simply blasting stuff into orbit is a difficult and expensive task, private enterprise is currently innovating to fulfill this need. And they are doing it for profit.

A few decades from now, when our planet finally has a viable, sustainable infrastructure in space, talk of Moon bases and company profits may make more sense. But talk of building a base (let alone a Moon colony) when we don’t even have the rockets or spacecraft to get us there, is a bit like saying I’m moving to Hawaii, but there’s no aircraft or boats to get me there and… oh, by the way… I have to ship the bricks of my house to the middle of the Pacific Ocean so I can actually build a house when I get there.

Try selling that profit-making scheme to the CEO of Home Depot.

For more on this topic, you can listen to me chat with BBC 5live’s Dotun Adebayo (from “Up All Night” on Jan. 28 — at 1hr 26mins into the show) and check out the Al Jazeera article (“Gingrich promises US ‘moon base’ by 2020“) I was interviewed for.