Ronald Stein: A green embargo by China will trigger a financial crisis

[Ronald Stein is the co-author of the newly released book, Clean Energy Exploitations: Helping Citizens Understand the Environmental and Humanity Abuses That Support Clean Energy. The latest book is a Nominee for the 2022 Pulitzer Prize competition in the General Nonfiction category. Ronald is an internationally published columnist and energy consultant, and a policy advisor for The Heartland Institute. Ronald Stein is also co-author of the books, Just GREEN Electricity and Energy Made Easy.]

It seems that no one remembers the Oil Embargo of 1973, just 50 years ago, as America’s National Security is now with China’s monopoly of critical Minerals!

In 1973, the Organization of Arab Petroleum Exporting Countries (OPEC) imposed an oil embargo against the United States, triggering a crude oil crisis that sent the U.S. economy into a recession.

Move over OPEC, today, the “green” revolution to occasionally generated electricity from wind and solar has the world on the cusp of a Green Embargo by China that may trigger a financial crisis that could send the U.S. economy into a recession.

Fifty years ago, in the aftermath of the 1973 oil crisis in 1977, the Department of Energy (D.O.E) was established to lessen our dependence on foreign locations for America’s energy independence, but today, with its 14,000 employees and a 2024 budget of $52B, the D.O.E. continues to remain dead silent and has allowed foreign nations to take control of California, and for China to monopolize the supply chain of minerals and metals for America to achieve it’s “green” policies.