China eats our lunch..and everyone elses too!

Looks like America could be screwed in the 21st century. Energy Secretary Steven Chu warned today that China is throttling the US when it comes to new energy innovation. As far as world markets go – the Chinese are responsible for manufacturing more than 20% of high tech exports – the US – less than 15%. Of the 50 new nuclear reactors being built around the world – China has built 30 – the US – 2. And when it comes to clean and efficient travel – China has 5,612 of high-speed rail under construction – that’s a world record. The US has 0 miles. Last year – more than half of US patents when to foreign countries – we’re simply not innovating anymore as a country. China on the other hand – ranks 5th in collecting international patents. And finally – the US company Applied Material just built the world’s largest solar energy research and development facility. Guess where they built it – China. That’s why Energy Secretary Chu is now calling for an immediate ramp up of funding for research and development of clean energy technology. Of course – more funding will depend on the whims of Congressional Republicans. Did you know that not a single incoming Republican lawmaker believes in the science behind global warming?! Not one! The caucus also relies heavily on special interest money from big oil polluters. So while China prepares to lead the world during this century – Republicans will ensure that their oil buddies can continue getting rich by pumping every last bit of oil. I mean there are still trillions of dollars in profits left underground. And when that oil finally runs dry – and we haven't invested in alternatives - guess who’ll be screwed? All of us.

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