A Green Embargo By China Would Trigger Financial Crisis Imploding US Economy –
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In 1973, the Organization of Arab Petroleum Exporting Countries (OPEC) imposed an oil embargo against the United States, triggering a crude oil crisis that sent the U.S. economy into a recession.
Move over OPEC, today, the “green” revolution to occasionally generated electricity from wind and solar has the world on the cusp of a Green Embargo by China that may trigger financial crisis that could send the U.S. economy into a recession.
50 years ago, in the aftermath of the 1973 oil crisis in 1977, the Department of Energy (D.O.E) was established to lessen our dependence on foreign locations for America’s energy independence but today, with its 14,000 employees and a 2024 budget of $52B dollars, the D.O.E. continues to remain dead silent and has allowed foreign nations to take control of California, and for China to monopolize the supply chain of minerals and metals for America to achieve it’s “green” policies.
- CALIFORNIA: The 4th largest economy in the world has increased imported crude oil from 5 percent in 1992 to almost 60 percent today of total consumption.
- California is home to 9 International airports, 41 Military airports, and 3 of the largest shipping ports in America. California’s growing dependency on other nations for crude oil is a serious national security risk for America!
- CHINA: For the transition to a “green” revolution reliance on electricity, the D.O.E. has remained silent while wind, solar, and electric vehicle policies have made America increasingly dependent on rare earth minerals and metals mined for those batteries under atrocious slave labor and environmental conditions in other countries that the D.O.E. and bureaucratic policymakers accept and encourage!
- China controls a stranglehold 80% of the global supply monopoly on rare earth minerals and metals, with the Congo in Africa a 90% source of vital cobalt.
- Graphite: On a total component basis for an EV battery, graphite is about 25% to 28% of the whole EV battery. Turkey has the largest reserves of graphite, followed by Brazil and China. Together these three countries accounted for 66% of the estimated world graphite reserves.
Environmentalists’ vision just toward the wealthier countries on this planet that can afford the cost of regulations for the environmental movement to large batteries for electric cars, trucks, buses, and for electricity to be generated occasionally by wind turbines and solar panels, is tunnel vision that is hypocritical, unethical, and immoral.
- China controls a stranglehold 80% of the global supply monopoly on rare earth minerals and metals.
- The Congo in Africa is a 90% source of vital cobalt.
- Lithium: The Lithium Triangle, which covers parts of Argentina, Bolivia and Chile, holds more than 50% of the world’s supply of lithium
- Graphite: On a total component basis for an EV battery, graphite is about 25% to 28% of the whole EV battery. Turkey has the largest reserves of graphite, followed by Brazil and China. Together these three countries accounted for 66% of the estimated world graphite reserves.
Today, a typical EV battery weighs 1,000 pounds and contains:
- 25 pounds of…
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