Will America Trade Energy Independence for China Rare Earth Extortion? – by Larry Bell (KMJ Now – February 2021)

https://www.kmjnow.com/

The Biden administration’s feckless “Build Back Better” plan to throttle back U.S. fossil energy needed to reliably power our industry, air condition our homes and fuel our transportation in exchange for literally charging forward with a transition to intermittent and unreliable “green energy” reliance upon China for vital rare earth material-dependent electronics will not end well for America.

Rare earths are 17 indispensable metals used in an endless variety of 21st Century technologies, including, the manufacturing of domestic and strategic military airplanes, computers and smart phones, electricity generation and transmission systems, advanced weapon guidance systems, and yes, “Green New Deal” priorities like solar panels, wind turbines, and batteries for utility-scale energy storage and electric vehicles (EVs).

U.S. automakers are racing to China as an opportunity to cash in on the Democrat plan to transform America’s transportation to 100% EVs.

In January 2020, Tesla Inc. kicked off production of its first vehicle manufactured outside the U.S. in its new $2 billion Shanghai, China factory.

GM, China’s second-biggest foreign automaker, is aiming to offer four models as it looks to improve its brand image and support a sales recovery: Chevrolet’s Tahoe and Suburban, Cadillac’s Escalade and the GMC Yukon Denali.

For the rest of this article: https://www.kmjnow.com/news/will-america-trade-energy-independence-for-china-rare-earth-extortion/

No comments yet.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.