The US, the EU, and Japan have filed a case against China challenging its restrictions on rare earth exports. China currently has the largest reserves of the rare earth metals which are used in many high tech devices we take for granted. These rare metals are essential for many devices.
They are used in electric car batteries for instance; the presidents big gun in energy independence. They are also used in solar panels another favorite green energy subsidized by this administration.
The president said; “We’ve got to take control of our energy future and we cannot let that energy industry take root in some other country because they are allowed to break the rules”, while speaking at a Tuesday Rose Garden press conference.
China says that they are only interested in environmental concerns that result from exploitation of their scarce resource, and they are only trying to limit environmental damage caused by excessive mining.
We did have a source of rare earth metals in the USA, which was shut down for; you guessed it, environmental concerns.
So the US, the EU, and Japan are taking China to court because they are monopolizing a scarce resource. I wonder if that would work with OPEC.
It looks as if our government, which has worked tirelessly for years to put us on a course of reliance on green energy has once again set us up to be ravaged by a new foreign monopoly.
We may have to buy our rare earth metals from China, but we certainly are not dependent to them for our energy. We have an abundance of energy resources, and the only reason we aren’t well on the path toward energy independence is the administration’s insistence that we transition to a green energy economy.
The republicans have been grilling Energy Secretary Chu over remarks he made about the price of gasoline needing to rise to European levels so our country could adopt the green energy economy. It seems he may have changed his views since becoming Energy Secretary.
Our government’s meddling in our domestic energy supply has put us in hock to OPEC, which may not be a reliable source of supply with all of the unrest in that region. I am not blaming the president exclusively for that situation; several republican administrations have controlled congress and ignored the same problem.
Our government regulators have put another scarce national resource, the rare earths, off limits due to environmental concerns; and put us in hock to another foreign monopoly.
It appears that government may be one of our greatest economic problems. Problems don’t fix themselves; they just get worse. It requires an outside agent to fix problems; in this case a new government that is dedicated to correcting problems.
A bad economy quickly brings problem areas to light. As we citizens start having to watch every nickel we spend we tend to observe government a bit more closely. High gasoline prices are one of the things that will bring our attention to our government.
We know for a fact that it would do no good to protest outside the EXXON offices; we know EXXON would drill a well in our back yard if the government would let them. It is the government fixation on the green energy economy that is creating the road blocks.
Now that they have tried to commit our nation to green energy it may be that the key elements of that revolution are unavailable, or in scarce supply. Unfortunately they have no plan “B”; it is alternate energy or nothing. It is we citizens who must produce plan “B”, a new government.