Chicken or the egg but we can agree to disagree. Taking about the top 20%, NIMBY-ISM and “current state” fallacies are all hyperbolic. Furthermore the OMG industry is heavily incentivized so it isn’t free of govt intervention.
That said, what is your view? Drill baby drill until somehow an unfunded technology becomes profitable?
By most estimates we have 50 years of usable oil reserves but that keeps increasing not decreasing. Our current administration is reducing that by restricting oil leases on government land and nixing projects such as the Keystone XL thereby reducing the amount of oil transferable from our trading partner, Canada. I'd like to reiterate that mining is much more destructive than oil extraction.
I did read the link you provided. At first I was hesitant in doing so after your proclamation that providing links isn't discussion so I'm not sure where you stand now. It mostly supported my views on the difficulty of regaining our production of rare earth metals industry. If I am remiss feel free to enlighten me. Oh, I find it odd that you profess not to watch the news then link to an CNBC article which mostly relies on government statements in lieu of investigation as usual. This I refer to as media.
With our increasing usable oil reserves I feel we have at least 20 years to improve our EV technology and increase our materials development and supply. Keep in mind as we refine our refining technology the costs of safely providing these elements will increase substantially. This will be a major headwind to weening ourselves from foreign sources who will undoubtedly manipulate prices to retain their lead. These goals will be paramount to our national autonomy and security in the long run. Our resources should be directed to this developing technology and not by forcing something to market that is clearly not ready, IMO. It will take all that we have plus some of what our grandchildren should have.
