A Trump Presidency Could Make U.S. The ‘Crypto Capital Of The Planet’
In stark contrast to the Biden-Harris administration’s approach toward cryptocurrency, Trump’s platform would invigorate the crypto industry and promote its growth.
A handful of Republican lawmakers in Wyoming aren't convinced that the destruction of a key job-producing industry in their state is inevitable. Either way, they'll be sure to go down fighting on the side of Wyoming's oil and gas workers.
Whereas other states, such as Oregon, New York, and California, have pledged to phase out combustion engines as a means of combatting the specter of anthropogenic climate change, Republicans in the state Senate and House seek to phase out new electric vehicles sales by 2035.
Republican Sens. Jim Anderson, Brian Boner, Ed Cooper, and Dan Dockstader and Reps. Donald Burkhart and Bill Henderson have sponsored a joint resolution to this effect.
The bill notes that "oil and gas production has long been one of Wyoming's proud and valued industries," which has created "countless jobs and has contributed revenues to the state of Wyoming throughout the state's history."
The Daily Mail reported that there are over 68,000 jobs in the state's oil and gas industry.
Extra to the jobs and revenue generated by oil and gas, the bill stresses that gas-powered vehicles ensure efficiencies throughout the country for a multitude of businesses in various other industries.
Whereas gas-powered cars are durable and already enjoy infrastructure in the state, "Wyoming's vast stretches of highway, coupled with a lack of electric vehicle charging infrastructure, make the widespread use of electric vehicles impracticable for the state."
Even if taxpayers' money was effectively used laying that infrastructure, the lawmakers suggested in their bill that it would still require "massive amounts of new power generation in order to sustain the misadventure of electric vehicles."
The lawmakers noted that it's not just the open road and the demands placed on the state by EVs that pose a challenge to the gas-free paradigm championed elsewhere by Democrats. "The batteries used in electric vehicles contain critical minerals whose domestic supply is limited and at risk for disruption," they wrote.
Over the past year, there has been a supply shortage of the key metal required for EVs that use lithium-ion batteries. Bloomberg recently indicated that it is unclear whether lithium supply will catch up with demand this year, despite bearish forecasts suggesting a balanced market may soon be on the horizon.
In addition to lithium, EVs often require minerals like cobalt and nickel.
The International Energy Agency indicated in its March 2022 report on clean energy transitions that a "typical electric car requires six times the mineral inputs of a conventional car."
The Verge reported in August that the shift to EVs will overwhelm U.S. mining operations, prompting reliance on foreign sources.
Rather than rely on foreign and possibly hostile sources to power potentially unreliable vehicles, the lawmakers suggested that Wyoming motorists should take advantage of the state's natural bounty.
The Wyoming State Geological Survey revealed in 2021 that the state ranked eighth nationally in crude oil production and ninth for natural gas production, producing over 85 million barrels of crude and over 1.37 billion MCF (MCF = one thousand cubic feet) that year.
Besides the alleged positives of Wyomingites sticking with the combustion engine, the bill highlighted at least one problem with the electric alternative that may concern environmentalists: "The critical minerals used in electric batteries are not easily recyclable or disposable, meaning that municipal landfills in Wyoming and elsewhere will be required to develop practices to dispose of these minerals in a safe and responsible manner."
For these reasons, the Republican lawmakers adopted the language of other anti-gas-car bills, but swapped in EVs as that which they seek to eliminate.
The bill concludes by saying, "Phasing out the sale of new electric vehicles in Wyoming by 2035 will ensure the stability of Wyoming’s oil and gas industry and will help preserve the country’s critical minerals for vital purposes."
Sen. Anderson told the Cowboy State Daily that by passing this bill, "the Legislature would be saying, 'If you don't like our petroleum cars, well, we don't like your electric cars.'"
Sen. Boner similarly suggested the bill's passage would serve to send a message; "One might even say tongue-in-cheek."
Boner added, "I'm interested in making sure that the solutions that some folks want to the so-called climate crisis are actually practical in real life. ... I just don't appreciate when other states try to force technology that isn’t ready."
California, among the states that has passed a ban on the sale of new cars with combustion engines, may have done so prematurely.
TheBlaze previously reported that the Democrat-run state's electric grid — already prone to rolling blackouts and rationing — may not be ready to handle the demands of a population increasingly adopting electricity-hungry vehicles.
Senior energy analyst at the Union of Concerned Scientists Mike Jacobs told Yahoo Finance, "The use of an electric vehicle is like adding one or two air conditioners to your residence in terms of its energy increase."
According to Brouwer, "If we try to move in this direction and only use battery electric vehicles, we will fail. ... The grid cannot charge every single transportation application."
In addition to grid instability, the coerced adoption of EVs has begun to chase jobs out of the United States.
An Illinois Jeep manufacturer announced in December that it was firing thousands of American workers and moving its operations to Mexico, citing, in part, "the increasing cost related to the electrification of the automotive market."
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Less than two weeks after Capitol Records announced a partnership with "the #1 virtual being" on TikTok, the music industry giant has decided to nix the deal.
On August 11, Capitol boasted that it had "signed" with FN Meka, a virtual rapper created and powered by artificial intelligence. The announcement coincided with the release of FN Meka's new single, "Florida Water," featuring real-life artists Gunna and Clix.
FN Meka had also released two singles back in 2019, "Internet" and "Moonwalkin'," the videos for which garnered millions of views. FN Meka has 10 million followers on TikTok, making him "the #1 virtual being on the platform," Capitol stated at the time.
But by August 23, Capitol Records had decided to scrap the deal after civil rights groups and other activists took issue with what they saw as racial stereotypes depicted in FN Meka's avatar and lyrics.
In a tweet with the message "Have you lost your FN minds?", Industry Blackout, a self-described "unified body of black people in the industry committed to changing the community" released a statement condemning the virtual rapper project, claiming it reinforced negative stereotypes about black people.
"We find fault in the lack of awareness in how offensive this caricature is," the statement reads. "It is a direct insult to the black community and our culture. An amalgamation of gross stereotypes, appropriative mannerisms that derive from black artists, complete with slurs infused in lyrics."
\u201cHave you lost your FN minds? @capitolrecords @capitolmusic\u201d— Industry Blackout #IndustryBlackout (@Industry Blackout #IndustryBlackout) 1661278664
Though the statement does not give any specific examples of such racial stereotyping, FN Meka's lyrics do include repeated use of the N-word, and a few years ago, his now-private Instagram account shared an image depicting FN Meka as the victim of police brutality.
\u201cAn AI rapper that says the n-word fabricating police brutality\u2026 literally every single thing about this is so off-key\u201d— mitch (@mitch) 1661244740
In addition to the racial stereotypes, rapper Danny Brown took issue with non-black industry executives creating a digital rapper with whom real-life black rappers must compete.
"So if he comes up and this does real good, and this is successful," Brown said on his podcast, "other record labels are going to be like, ‘F*** it, I gotta get me an AI-generated rapper.’ I mean, bad enough we competing with each other. You know how many rappers it is in the world? It’s too many of us! It’s definitely too many f***ing rappers. […] Now you’re telling me we gotta compete with computers, too?"
Capitol Records has since released a statement, apologizing for the project.
"[Capitol Records] has severed ties with the FN Meka project, effective immediately," the label group said in a statement released on August 23. "We offer our deepest apologies to the Black community for our insensitivity in signing this project without asking enough questions about equity and the creative process behind it. We thank those who have reached out to us with constructive feedback in the past couple of days — your input was invaluable as we came to the decision to end our association with the project."
FN Meka is the brainchild of Factory New co-founders, Anthony Martini and Brandon Le. Though some outlets have reported that FN Meka's voice is also a digital creation, rapper Kyle the Hooligan claimed that FN Meka is his voice rapping lyrics that he wrote.
"It wasn’t no AI," Kyle claimed. "It was my voice, pitched up."
"[Capitol Records] promised me equity and a percentage into the character," he added. "... [But] I never even got compensated."
The Mouse Goes Woke | 4/16/21