U.S. Held Hostage By Rare Earth and Lithium Controlling Nations
President Obama and his fellow enthusiasts for "green technology" have stumbled into a thicket of their own making. Most of the their pet "alternative energy" projects — solar panels, hybrid and electric car batteries, wind turbine magnets, compact fluorescent light bulbs, etc. — are dependent upon "rare earth elements" that have been made all but unobtainable here in the United States, thanks in significant measure to environmental extremism.
Over the past two decades, various environmental laws and regulations have closed down mining operations for these elements in this country, making us almost completely dependent on the communist government of China, which now produces 97 percent of the world's supply of these important minerals. Now that China has announced it intends to dramatically cut its quotas of rare earth exports, including to the United States, the Obama administration has expressed concern.
"We are very concerned about China's export restraints on rare earth materials. We have raised our concerns with China and we are continuing to work closely on the issue with stakeholders," an anonymous spokeswoman for the U.S. Trade Representative's office said in a statement carried by news services. The administration also says it will complain about the quota reduction to the World Trade Organization.
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