Friday's Energy Absurdity: Chile to Nationalize its Lithium - What Does it All Mean?

Does the creation of a state-owned Lithium company presage a deal with China?

Socialist Chilean President Gabriel Boric announced Thursday that his government will nationalize the country’s lithium industry, a move that Reuters reports as a “shock” to most in the media. Why it would shock anyone when a socialist decides to nationalize any industry is a bit of a mystery, but there it is.

In a televised address, Boric claimed, "This…