Let's see how many possibilities we can list.
1) They don't exist.
2) We simply haven't looked in the right place yet.
3) Their technology is too advanced for us to know what to listen for.
4) Their signal is cloaked.
5) They are not technologically advanced enough yet.
6) Their signal hasn't had time to reach earth yet.
7) They already died out.
8) They will not evolve intelligence for another X years.
9) They are aquatic on a water world.
10) They are already here checking us out.
Any other suggestions? Yes I know that last one don't count as it would automatically mean one of the other options is true.
My own estimates of the Drake equation only gives me 1 or 2 civilizations per galaxy at best. The major limiting factor in my numbers was planetary stability. This lack of stability may be meteors, environmental, orbital, wars, etc. Given that a solar system forms by accretion makes meteors a huge issue. Our moon has a major stabilizing affect for us that may be responsible for allowing our existence. It seems the Earth itself has apparently both been frozen pole to pole and burned to a crisp on more than one occasion since life began here. I would expect microbial type life to be quiet common and higher life forms to be rare finds. Intelligent life would be downright rare in the extreme. Then again this is admittedly an Earth/planet centric estimate.
If you want to place your bets on finding life within a year read this;
http://www.cnn.com/2007/WORLD/europe/04/25/alien.betting/index.html
So long as we forever remain dependent on this Earth for survival we are doomed to extinction in the long run. Maybe sky daddy will save us
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