A Junk Science posting says that:
According to the New York Times report,
By closing or nationalizing dozens of the producers of rare earth metals — which are used in energy-efficient bulbs and many other green-energy products — China is temporarily shutting down most of the industry and crimping the global supply of the vital resources…
General Electric, facing complaints in the United States about rising prices for its compact fluorescent bulbs, recently noted in a statement that if the rate of inflation over the last 12 months on the rare earth element europium oxide had been applied to a $2 cup of coffee, that coffee would now cost $24.55…
China says it has largely shut down its rare earth industry for three months to address pollution problems. By invoking environmental concerns, China could potentially try to circumvent international trade rules that are supposed to prohibit export restrictions of vital materials.
If you haven’t already said your morning curses, don’t forget to condemn the 110th Congress for passing the incandescent bulb ban, George W. Bush for signing it, and the the 111th and 112th Congresses and Barack Obama for failing to reverse the ban.
One more green initiative that has gone wrong.