Obama’s Plan For More Energy Dependence on China
"President Obama's plan creates a much stronger dependence on China's virtual monopoly on rare earth production."
By Institute for Energy Research —— Bio and Archives--March 21, 2012
Global Warming-Energy-Environment | Comments | Back To Full Article
President Obama's energy policy is a bit confused. He touts reducing the use of foreign sources of oil at the same time he promotes policies which dramatically increase the dependence on Chinese sources of minerals. A key ingredient to President Obama's wish of more windmills and more battery-powered cars is rare earth elements. But 97 percent of these minerals are supplied by the Chinese. President Obama might argue that we need to reduce our use of foreign sources of oil, but his plan only creates a much stronger dependence on China's virtual monopoly on rare earth production.
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