Saturday, February 19, 2011

Clean Energy for America Controlled by China

Why would the proponents of 'clean energy' demand that we go head long into a dark pit of unknown technology without first using a light to shine down inside to see just what lies at the bottom.

As this article points out, China holds the majority of key elements to production of 'clean energy'. With China in the drivers seat with out debt, would it be good sense to allow them to dictate our energy resources as well?

Now I'm not an alarmist but this seems to be agenda driven. Just who wants China to be telling us how warm we should be or how cold is not a mystery. Who would benefit most from having a foreign nation in control of our economy and virtually the very well being of America?

Think about this for a few moments. Can a very small minority really have this much power?

Clean Energy Threatens U.S. Economy and National Security
Source: H. Sterling Burnett, "Obama's Green Power Builds China's Red Power," Washington Times, February 16, 2011.

Increasing the United States' reliance on "clean" energy would leave Americans dependent on a single nation for critical energy supplies -- China. The threat to both national security and the U.S. economy is obvious to anyone who isn't blinded by environmentalist dogma, says H. Sterling Burnett, a senior fellow with the National Center for Policy Analysis.

Key components of every green energy technology are made from a small class of minerals known as rare earth elements and other rare minerals (such as tellurium, neodymium and lanthanum). Despite their name, these elements are rather abundant, but at the moment and for the near future, they are found in economically exploitable concentrations only in China.

With 96 percent of the global market, China has a de facto monopoly on the trade in these rare elements.

By contrast, the world's oil market is diverse. Dozens of countries, including the United States, produce and export oil. In 2009, the United States imported oil or oil products from 90 countries. By comparison, there is no other supplier of rare earth elements to turn should China find it in its interest to restrict its supply to the market. This leaves China free to manipulate the market at will, says Burnett.

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