19 Apr 2023 10:12 am
The governments in the U.S. and the rest of the western world have implemented plans to establish supply chains outside of China for their renewable energy mineral needs but have yet to show any substantial progress in that regard. One area the Biden administration is known to covet is the rich Lithium Triangle region in South America, by far the largest known lithium deposit on earth.But in late January, Bolivia awarded contracts to produce and process its share of that lithium wealth to two companies based in — you guessed it — China.The central issue that neither the Biden administration nor any other western government seems inclined to address is the one of timing as it relates to the permitting and building of new mining operations. Yergin points to the reality that it currently takes 15 to 20 years for a typical hard rock mining operation to progress from concept to first production in the western world.
The Biden government has actually gone backwards on domestic mining in recent months, revoking existing permits for the Twin Metals mine in Minnesota and refusing to issue permits for various proposed new mining operations for the very metals that are crucial to the energy transition.But last week, President Joe Biden’s Environmental Protection Agency issued new CAFE standards that would essentially render the production of two-thirds of gas vehicles currently produced in the U.S. illegal by 2032, thus mandating the placement of tens of millions of additional EVs on the roads in just the next 9 years.Where will all the metals come from? Biden officials aren’t saying.
Perhaps that’s because the energy policies being adopted in the U.S., Canada and Europe are placing the western world on a collision course with inevitable disaster.Voters had better wake up soonest, or they will be the ones paying the price for all this energy policy insanity.
https://dailycaller.com/2023/04/18/opin ... -blackmon/
The Biden government has actually gone backwards on domestic mining in recent months, revoking existing permits for the Twin Metals mine in Minnesota and refusing to issue permits for various proposed new mining operations for the very metals that are crucial to the energy transition.But last week, President Joe Biden’s Environmental Protection Agency issued new CAFE standards that would essentially render the production of two-thirds of gas vehicles currently produced in the U.S. illegal by 2032, thus mandating the placement of tens of millions of additional EVs on the roads in just the next 9 years.Where will all the metals come from? Biden officials aren’t saying.
Perhaps that’s because the energy policies being adopted in the U.S., Canada and Europe are placing the western world on a collision course with inevitable disaster.Voters had better wake up soonest, or they will be the ones paying the price for all this energy policy insanity.
https://dailycaller.com/2023/04/18/opin ... -blackmon/