I found the article concerning test drilling for Lithium in Oregon very interesting ("Test drilling OK’d for proposed lithium mine," Dec. 23 edition). Especially given the number of green new deal proposals before Congress. It made me wonder if all these proposals were designed to protect the earth or were there alternative motivating factors.
The Biden administration signed an executive order to strengthen the domestic lithium supply. Oregon Department of Geology and Minerals granted Australian-based company Jindalee Resources a permit to dig 39 test holes. The executive director of Jindalee estimated there could be more than 10 million tons of lithium. At $15,000 a ton that works out to around $150 billion from just one mine.
In light of what happened in the Ukraine concerning family members of politicians enriching themselves, I would like to know what politicians own stock in companies dealing in lithium. It appears to be a huge conflict of interest to vote for electric vehicles or renewable energy storage facilities if you own stock in the production and mining of lithium.
Since domestic production of lithium in the United States makes up only 1% of the world supply of lithium, this mine could be a cash cow for the investor. It just seems the push for green energy may be motivated by a push for greenbacks. I think all politicians should declare if they own any lithium stock in advance of any vote concerning green energy proposals. Just my thoughts.