America’s dependence on China grows as we transition to green energy alternativesGiven the legacy media’s irreducible focus on the energy transition that we may or may not be experiencing, you are probably not going to read this in many places. Here are the facts: The world is using more coal now than it ever has. Coal, oil and natural gas still meet about 82% of our primary energy demands, way down from the … 86% they supplied in 1997.
For those who think weather-dependent energy sources are or should be more affordable than traditional fuels, my friends over at Energy Bad Boys recently examined that question. The results were not pretty. It is important to understand that China learned the hard way about the value of coal; it experienced its own energy crisis in 2021. Growing demand for energy and shortages of coal and other energy sources brought about widespread power failures and rationing. Unsurprisingly, China is aggressively expanding its coal capabilities at record-breaking rates while the United States continues to desert its own coal infrastructure.
The regime in Beijing owns, controls or processes 80% of global production of minerals and raw materials needed to produce alternative energy. Geoffrey Pyatt, assistant secretary for energy resources at the State Department, recently pointed out that China has “essentially a monopoly” on solar energy manufacturing, which enables it to reap enormous profits from American consumers.