{"id":327505,"date":"2024-05-08T12:19:06","date_gmt":"2024-05-08T10:19:06","guid":{"rendered":"https:\/\/climatescience.press\/?p=327505"},"modified":"2024-05-08T12:19:09","modified_gmt":"2024-05-08T10:19:09","slug":"an-embargo-by-china-could-implode-bidens-green-economy","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=327505","title":{"rendered":"An embargo by China could implode Biden\u2019s Green economy"},"content":{"rendered":"\n
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From CFACT<\/a><\/p>\n\n\n\n

By Ronald Stein<\/a><\/p>\n\n\n\n

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USA and China trade war economy conflict tax business finance money \/ United States raised taxes on imports of goods from China on industry container ship in export and import logistics background<\/figcaption><\/figure>\n\n\n\n

No one seems to remember the Arab oil embargo of 1973, just 50 years ago, as America\u2019s National Security is now with China\u2019s monopoly of critical Minerals!<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Move over OPEC, today, the \u201cgreen\u201d revolution to occasionally generated electricity from wind and solar has the world on the cusp of a Green Embargo by China that may trigger a financial crisis that could send the U.S. economy into a recession.<\/p>\n\n\n\n

Fifty years ago, in the aftermath of the 1973 oil crisis<\/a> in 1977, the Department of Energy (D.O.E) was established to lessen<\/em> our dependence on foreign locations for America\u2019s energy independence, but today, with its 14,000 employees and a 2024 budget of $52B<\/a>, 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\u2019s \u201cgreen\u201d policies.<\/p>\n\n\n\n

CALIFORNIA: The fourth-largest economy in the world has increased its imports of crude oil from 5 percent in 1992 to almost 60 percent<\/a> of total consumption today.<\/p>\n\n\n\n

California is home to 9 International airports, 41 Military airports, and 3 of the largest shipping ports in America. California\u2019s growing dependency on other nations for crude oil poses a serious national security risk for America!<\/p>\n\n\n\n

CHINA: For the transition to a \u201cgreen\u201d 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!<\/p>\n\n\n\n

China controls a stranglehold of 80% of the global supply monopoly on rare earth minerals and metals, with the Congo in Africa a 90% source of vital cobalt.<\/p>\n\n\n\n

Graphite: On a total component basis, graphite accounts for about 25% to 28% of an EV battery. Turkey has the largest reserves of graphite, followed by Brazil and China. Together, these three countries account for 66% of the estimated world graphite reserves.<\/p>\n\n\n\n

Environmentalists\u2019 vision just toward the wealthier countries on this planet that can afford the cost of regulations for the environmental movement, large batteries for electric cars, trucks, buses, and electricity generated occasionally by wind turbines and solar panels is tunnel vision that is hypocritical, unethical, and immoral.<\/p>\n\n\n\n