Comment Re:Not a Great Analogy (Score 1) 456
You might have missed where it said it could take years to bring the other world sources back online, and the fact that they won't be able to produce enough to meet demand. Yes this very well could be about China helping to grow its own economy, but it is more likely about them thinking long term, great for them, bad for everyone else that needs these resources. The analogy is pretty spot on that this is going to put a crunch on things the same way the gas crisis of the 70's did, especially if fuel efficient cars double in price effectively making them worthless from a cost perspective. Even if the US mine is able to meet our demand, because it will take so long to get up and running there will be a huge crunch in the interim that could set the US and the rest of the world behind in developing new more efficient technologies. Just some food for thought...