In 1973 OPEC countries imposed an oil embargo to retaliate for US support of Israel during the Yom Kippur War. Drivers endured soaring gasoline prices, blocks-long lines, hours wasted waiting to refuel vehicles, and restrictions on which days they could buy fuel. America was vulnerable to those blackmail sanctions because we imported “too much” oil—though it was just 30% of our crude.
The fracking revolution (horizontal drilling and hydraulic fracturing) and other factors changed that dramatically. The United States now produces more crude oil than at any time since 1970.
But now we face new, potentially far greater dangers—because we import up to 100% of dozens of metals and minerals essential for wind turbines, solar panels, and a vast array of defense, security, automotive, computer, communication, electrical grid, battery and countless other technologies.
Two dozen of them come 60% to 100% from China, Russia or mines controlled by those two countries…and where child labor, worker safety, human rights and environmental standards are minimal to nonexistent.
Recent Defense and Interior Department reports have identified literally hundreds of ways US industries and military readiness are acutely vulnerable to supply interruptions for these rare earth and other exotic materials.
Equally troubling, 90% of the world’s printed circuit boards are produced in Asia, more than half of them in China; that presents still more risks that competitors and enemies are establishing more ports of entry (on top of highly professional hacking) into industry and defense computer systems.
For the rest of this article: https://canadafreepress.com/article/a-looming-technology-security-minerals-crisis