For decades the Holy Grail of energy was energy independence. As our sons and daughters fought and died for Middle Eastern oil, we dreamed of one day being able to supply all our own energy needs. Then, for one brief shining moment under Donald Trump, we achieved that goal. We could stand on our own two feet. We could fuel our own cars.
No longer. Joe Biden took a sledgehammer to our oil and natural gas production the moment he stepped into the Oval Office. As gas prices rocket to unprecedented heights, we are now reduced to begging the likes of Nicolas Maduro in Venezuela to sell us oil.
As bad as this is, though, it will get much worse. The ultimate plan is to push us into complete and utter dependence on Communist China. The end state of Biden’s so-called “Green Economy” will be an American economy, which can be shut off without warning and crushed by the Chinese Communist Party.
Biden’s fantasy of a new, “cleaner” economy depends on the electrification of our entire economy. Leaving aside for a moment questions like “how do we generate this electricity” and “won’t we just burn coal and natural gas at the generating plants” this new kinder, gentler world means dependence on a whole range of products that are made with rare earth minerals.
There are seventeen different rare earth minerals. Rare earth minerals are considered "rare" because it's hard to find them in sufficient concentrations to exploit them economically. They also require a lot of energy to extract and process for further use.
Rare earth minerals are used in the production of high-tech weapons like the F-35 fighter jet. They are also used in a vast array of other products iPhones, DVD players, and rechargeable batteries. They are particularly critical for the production of many “green” products, such as LED lights, motors in electric cars, and generators in wind turbines.
If you don’t have rare earth minerals, you don’t have a “green” economy. Your new Tesla does not go very far without a battery in it, and that battery can’t be made without rare earth minerals.
The reserves of rare earth minerals are scattered all over the world. Forty percent of those reserves are in China. China’s control over rare earth minerals is much greater than that figure would suggest, however. Over 70% of the actual rare earth mineral production is in China. China’s control over the actual processing of rare earth minerals is even greater than that. Fully 90% of all rare earth minerals are actually processed in China.
Anytime China wants, it can throttle the supply of rare earth minerals and effectively crush economies dependent on them. Eighty percent of U.S. imports of rare-earth metals come from China, according to the US Geological Survey. And, the Chinese fully understand the power this gives them.
As far back as 1992, Deng Xiaoping stressed that “the Middle East has oil; China has rare earths.” In May 2019, China’s Natural Development and Reform Commission published a bulletin regarding the prospects of a rare-earths-export ban. The notice read:
“Will rare earths become China’s counter-weapon against the U.S.’s unwarranted suppression? What I can tell you is that if anyone wants to use products made from rare earth to curb the development of China, then the people of the revolutionary soviet base and the whole Chinese people will not be happy.”
These are not empty threats. In 2010 China cut off rare earth exports to Japan amid a maritime dispute that saw a Chinese boat captain captured by Japanese authorities. Japan immediately released the Chinese captain in what the New York Times called a “humiliating retreat.” It then made serious efforts to identify alternative sources of rare earth minerals and wean itself off Chinese exports of rare earths.
Only weeks ago, Beijing announced sanctions against Lockheed Martin and Raytheon, two of the biggest American defense contractors. Neither company is now able to buy rare earth minerals from China. This action was taken in retaliation for American efforts to support Taiwan.
“To safeguard China’s sovereignty and security interests, the Chinese government has decided to take countermeasures in accordance with relevant stipulations in China’s Anti-Foreign Sanctions Law on the infringing acts of Raytheon and Lockheed Martin, both of which are military-industrial enterprises that have long participated in the US arms sales to China’s Taiwan region,”
China imposed a similar ban on exports in 2020 against Lockheed, Raytheon, and Boeing. As a consequence, Lockheed had to slow production of the F-35 and delay test flights of the jet.
You are paying well over four dollars a gallon for gasoline. You may be paying seven bucks a gallon soon. This is only the beginning of the nightmare.
Biden and his mandarins are pushing ahead aggressively with the transformation of our economy into something that is completely dependent on the goodwill of the Chinese Communist Party to survive. The CCP will decide if cars can be built in Detroit. The CCP will decide if we can make fighter jets or satellites or missiles.
We are handing the keys to our number one adversary and placing ourselves at the mercy of men who enslave their own citizens, practice forced organ harvesting, and use genocide as a political tool. We are giving Beijing the capacity to destroy us without firing a shot.
If you liked being dependent on Middle East oil, you will love being owned by China.
In addition, The Bakken is the largest domestic oil discovery since Alaska's Prudhoe Bay and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable (50.3 billion barrels), at $107 a barrel, we're looking at a resource base worth more than $5.3 trillion.
8 times as much oil as Saudi Arabia
18 times as much oil as Iraq
21 times as much oil as Kuwait
22 times as much oil as Iran
500 times as much oil as Yemen
SO WHAT WE THE PEOPLE ARE ALLOWING TO HAPPEN IS COMPLETELY COMPROMISED SOMEWHERE ? " CLIMATE CHANGE "
Sam, this all makes sense but why would we USA be in the tank with WEF GLOBALISTS like Schwab CFR ? What's the connection and why ?