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"It’s the same old story: The U.S. has abundant natural resources, but refuses to extract and produce them, as usual, because of environmental restrictions and regulatory costs. In the meantime, we are exporting our energy security, job security, and now, national security to China and other emerging markets. Since 2002, the U.S. has not mined any rare earth elements (REEs) — today used in U.S. smart bombs, silent helicopter blades, night vision, missiles, and tank guns, as well as computers, cell phones, DVD players, and other civilian technologies. These metals are not even that rare. The nation as a whole has about 13 million metric tons in reserves according to the U.S. Geological Survey. We could make them ourselves. But we don’t."
“Once a company has secured the necessary capital to start a mine, government and industry officials said it can take from 7 to 15 years to bring a property fully online, largely due to the time it takes to comply with multiple state and federal regulations."
Notice this goes through 2 administrations. It's not just Obama. The longer article is based on a Government Accountability Office (GAO) report.
China is stomping us only because we allow them to. We gave them favorable trade status, we started trading with them. China would still be a rice paddy without our jobs moving over there. We brought this on ourselves, and no one in government wants to admit that
“Once a company has secured the necessary capital to start a mine, government and industry officials said it can take from 7 to 15 years to bring a property fully online, largely due to the time it takes to comply with multiple state and federal regulations."
Interesting. Lately, I'm seeing more conservative arguments around fewer regulating bodies, is this one of them? Do you, then, support the idea of just one federal regulating body that governs all states in such matters?
Interesting. Lately, I'm seeing more conservative arguments around fewer regulating bodies, is this one of them? Do you, then, support the idea of just one federal regulating body that governs all states in such matters?
Thanx for the link.
We need better less restrictive easier to comply with regulations. Downsizing goberment is a good thing. States should definatly have a local control to balance the fedurale control.
We need better less restrictive easier to comply with regulations. Downsizing goberment is a good thing. States should definatly have a local control to balance the fedurale control.
The problem with such regulations is that the effects aren't just local. For example, if a local government approves an industry that benefits the city's economy (and relaxes regulations irresponsibly for a variety of reasons) but pollutes a river, cities downstream will have to just deal with it?
I think we have to be united against every common cause as opposed to being fragmented and divided society that we tend to be.
China is developing faster than us because our New York, along with the rest of the world's financial elite, can make more money without environmental restrictions, worker safety, wages or public health. They have never recovered from Western Europe and the US deciding that these things were more important the instant profits. Perhaps the Chinese people will eventually receive these protections but, until that happens; we need countervailing tariffs to eliminate the cost advantage of manufacturing in China.
Don't hold your breath until either of these happen. The bankers and market manipulators are in charge because they bought the government in the last few decades.
Just checking. Where is renewable and clean energy investment the greatest? China or the US?
For its own benefits (cleaner air/water, fewer natural resources, dependency on foreign countries/reduction in trade deficit)? Or, to take advantage of a business opportunities? The two can be mutually exclusive.
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