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simple solutions to molycorp monopoly
a strong president only has to make one phone call to the CEO of molycorp and discuss two scenarios...1) mine the rare metals and the vast majority is sold to our domestic market, or 2) threaten to implement existing environmental laws or pass new environmental laws in Colorado that in essence will make it unprofitable to mine anything more from that mine. We could also threaten to impose export taxes on minerals that are needed in the national interest. congress has the authority to tax businesses too. There is always the possibility to find ways in other mining states to make it easier for Molycorp competitors to get established if its in the national interest. the long term solution is to open up more mines in other states, fund them with in exchange to sell a certain amount to american industry. There are lots of ways to work around this if our politicians want to.
Posted by monacoet