Kelley as amy said and here tonight to talk to her insider about his new book, the war, which ive read over the last week. And first of all, congratulations on the book thank you. And for people like me are in the Energy Business it was very informative, very instructive. And i know what a hard job it is. So congrats relations. Im getting there. Thank what id like to do is sort of highlight some of the main issues in the book with some questions that toss over to ernst and let him explain on some of the themes he brought up in the book with respect to the questions. The first one id like to start out with was absolutely staggering to me and amazing to me. And that is were talking about metals that are important in the Energy Transition to go to a greener world. And what i was amazed was the amount of these metals in particular that are in things like electronic vehicles in particular, the copper and the lithium. So could you expand on just the quantities involved and why its so importa
A pretty on because i mean we had all this fighting into about the increase of the debt ceiling on all we have a possum on the debt ceiling, but this is a weeks passed. So that fits is now doing this move is at least the surprising. I mean that once i missed this functional is one claim that the Rating Agency is making. The other one is the death blow, then that is still there. If you look at the huge step that the us is running just in the past past year, the government was paying about 500000000000. 00 in interest. So those are pretty much the reasons why fits is doing this down, right. What is the Us Government have to say about this, particularly the treasury. What was that reaction . Been to the downgrade the yeah, the head of the treasury agenda down does not seem to be a to amused about this step, but shes claiming that actually fits is arguing with some old information and pretty much saying that its the Old Administration that had to travel with them having a functional, a gov
Gallium. Tomonium, she can see here. Now these are very important metals, anita, not only to produce mobile phones, but also the side of the panel is electric, cars, and satellites. China is a rat element, the superpower accounting for 95 percent of gallium production. Up to 68 percent of germanium output, worldwide badging decision to restrict exports. It appears to be part of a tit for tat between the us and china. But lets get more in this format. Correspond a new to lee a whos in taipei for us. You tell me what exactly is china starting to restrict to these explosive, gallium, into medium sparrow. It is widely seen as an active retaliation against the u. S. And its a allies because the position came from aging, which was announced in july, came as the us announced that it would require a license, a for companies to explored. Chipped products to china and following the us action. Japan and the netherlands also announced that a weird restrict the chips making equipment to china. So i
A pretty on because i mean we had all this fighting into about the increase of the debt ceiling on all we have a positive on the debt ceiling, but this is a weak pos. So that fits is now doing this move is at least the surprising. I mean that once i missed this functional is one claim that the Rating Agency is making. The other one is the debt load and that is still there. If you look at the huge debt that the us is running just in the past past year, the government was paying about 500000000000. 00 in interest. So those are pretty much the reasons why fits is doing this dont right. What is the Us Government have to say about this, particularly the treasury. What it was that every i convinced the downgrade the yeah, the head of the treasury agenda down does not seem to be a to amused about this step. But shes claiming that the actually fits is arguing with some old information, pretty much saying that its the Old Administration that had to travel with them having a functional governmen