Axios says “batteries are the new oil.”
Well I guess that makes China the new Russia.
We’re watching the results of energy dependency playout right at this moment. Putin, a war criminal, was given more leeway than a war criminal deserves because his country helps other countries run. Ukrainians are being wiped off the map because Vlad keeps the lights on.
Spurning Putin means Joe has to knock on OPEC’s door, hat in hand, begging for more oil. Last we heard, they aren’t even taking his phone calls.
It’s not a good look.
But Biden is shackled to —or maybe it’s more accurate to say “held hostage by” —the climate activists of his party: your “Green New Dealers” and “Climate Alarmists.” So instead of unleashing America’s true energy-producing potential, this administration has set unrealistic climate goals that will undoubtedly weaken us on the international stage. (China is breaking coal production records, remember?)
According to Axios, “President Biden wants half of all vehicles sold in the U.S. to be electric by 2030. But the U.S. has only about five percent of the manufacturing capacity needed to hit that target, Jigar Shah, head of the Energy Department’s Loan Programs Office, told Reuters.”
Five percent? That’s pretty terrible, actually. Even with the U.S. ratcheting up battery production, Biden’s (unrealistic) goal will have us looking to other countries for the materials we need. Say, who manufactures lithium and nickel? Where can we get this stuff?
…oh, that’s right.
“Even with more battery plants in the U.S. and more minerals extracted from U.S. soil, the two most essential and expensive components of lithium-ion batteries — cathodes and anodes — are still produced almost entirely in China,” Axios reports.
Biden’s aggressive EV goal will almost certainly come back to hurt America —just like his botched withdrawal in Afghanistan. And what do the two have in common? Minerals.
“China is negotiating with Taliban authorities to start mining at the site, called Mes Aynak, according to Chinese and Taliban officials,” Wall Street Journal reported last month. “Beijing is also in talks to begin work on oil-and-gas reserves in the north of the country, Amu Darya. Both projects were on hold for years because of the war, which ended when the Taliban seized power in August.”
“Iran, another U.S. rival, is in talks to secure a huge iron ore deposit in the west of the country,” WSJ continues. “Tehran, too, has fostered good ties with the Taliban.”
Somehow Joe Biden has brought our enemies together in perfect harmony, all in an effort to please AOC, Rashida Tlaib, Ilhan Omar and Cori Bush.