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MYTH: Going “Green” Will Reduce Imports of Strategic Commodities and Create “Green” Jobs

MYTH: Going “Green” Will Reduce Imports of Strategic Commodities and Create “Green” Jobs. Power Hungry Presented by Austin Bolinger. People Believe “Green” is the Way. Green cars, wind and solar are the way of the future All require lanthanides as well as lithium

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MYTH: Going “Green” Will Reduce Imports of Strategic Commodities and Create “Green” Jobs

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  1. MYTH: Going “Green” Will Reduce Imports of Strategic Commodities and Create “Green” Jobs Power Hungry Presented by Austin Bolinger

  2. People Believe “Green” is the Way • Green cars, wind and solar are the way of the future • All require lanthanides as well as lithium • Expensive as well as hard to get a hold of

  3. Statistics • Prius • “One of the most rare-earth-intensive consumer products made” • Requires a Kg of neodymium • Requires 10 Kg of lanthanum • Wind turbines • Neodymium-Iron-Boron magnets • Same used in the Prius but on a more grand scale • TV’s • Yttrium • Without it, no color TV’s

  4. Oil • Oil prices are still competitive • Handful of distributers • Can have pick of who to buy from • Venezuela, Saudi Arabia, Iran • Most export because economies can’t consume it

  5. Lanthanides and More • There is no need for competition • China owns 95-100% of mines in world • Cutting exports • Increasing prices • Taxing exports • Won’t let investors in

  6. China: “Original Capitalists of the World” • Would rather sell the products then sell metal • Using this to boost economy • Says Middle East has control of oil, so why can’t they have control of the rare earth metals • Can sell metals “dirt” cheap compared to other companies • Push out a lot of native solar and wind companies

  7. “Green” Jobs • They are not created here • We own one mine in entire U.S. • No metals are shipped here to make products • All products made in China • No new jobs or very few made

  8. Conclusion • Will not release from imports of energy • Make it worse

  9. Questions? • Which has more competitive pricing, oil or rare earth metals? • Oil • Who owns 95% of the planets rare earth mines? • China

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