China Is Beating the US in the Rare-Earths Game

For more information regarding China and the rare earths situation, see the following previous articles:

 

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It’s time for the administration to use its powers to preserve America’s access to vital defense materials.

How to view China’s recent threat to limit domestic production of rare earths, those 16 elements that make our cellphones and smart bombs work? It’s the latest move in a game that began before the United States realized it was even playing, that has grown more complex than U.S. leaders realize, and that is nearing a very unfortunate ending. Continue reading

US To Auction 24 Million Acres for Oil, Gas Exploration in Gulf of Mexico

The US Bureau of Ocean Energy Management (BOEM) said on Friday it would auction in August 23.8 million acres offshore Texas for oil and gas exploration in a bid to ramp up domestic production.

The area is expected to produce economically recoverable hydrocarbons of between 116 million and 200 million barrels of oil and between 538 billion and 938 billion cubic feet of natural gas, the bureau has estimated. Continue reading

UK Gas Supply Six Hours From Running Out in March

Britain came within six hours of running out of natural gas in March, according to a senior energy official, highlighting the risk of supply shortages amid declining domestic production and a growing reliance on imports.

We really only had six hours‘ worth of gas left in storage as a buffer,” said Rob Hastings, director of energy and infrastructure at the Crown Estate, the property portfolio managed on behalf of the Queen. “If it had run any lower it would have meant … interruptions to supply.” Continue reading