US To Stockpile Cobalt For First Time In Decades, Columbia Study Sees Risks
US Defense Dept seeking to buy cobalt for first time in decades to stabilize supply chains. Up to 7,500 tons worth $500M being sought from 3 companies.
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Testimonies & Speeches by Paul M. Dabbar • October 19, 2023
Paul M. Dabbar, a Distinguished Visiting Fellow at the Center on Global Energy Policy and former Under Secretary of Science at the Department of Energy, testified on October 19, 2023 before the U.S. House of Representatives’ Energy & Commerce Subcommittee on Energy, Climate, and Grid Security. The hearing delved into the role of Artificial Intelligence (AI) in the U.S. energy sector.
Chair McMorris Rodgers, Ranking Member Pallone, Subcommittee Chair Duncan, Ranking member Degette, and Members of the Subcommittee, I am honored to again be before this Committee, this time to discuss the rapidly developing area of Artificial Intelligence, and the impact it will make on the energy sector.
Under the leadership of Secretaries Perry and Brouillette, the U.S. built the first high performance computer built specifically for what has become the AI revolution. That computer, named Summit, was built under the authorization of this committee at Oak Ridge National Lab. DOE developed a computer to integrate GPU and CPU chips, to build a first of a kind supercomputer designed for AI. That commissioning also allowed the U.S. to regain our #1 global supercomputer position from Communist China. Thank you to this committee for that leadership.
Subsequent to that first AI supercomputer, the AI revolution accelerated. And AI applications for the Energy Sector grew rapidly. Let me summarize some areas where AI is having significant impact:
I would recommend this committee direct efforts for your departments of jurisdiction to implement these in government, like the private sector is beginning to do.
The are also two challenges that will come from this AI revolution:
America has the world’s greatest set of strengths to grow our Energy Superpower status. And that includes our leadership in AI. As we confront the challenges in energy markets today, we’d do well to implement this American innovation.
Despite producing little natural gas, the EU could become the most powerful entity in global gas markets in the decades to come.
It remains unclear whether Iran retains the ability to develop nuclear weapons quickly.
The report outlines five foundational choices if a stockpiling strategy is adopted, as bipartisan support suggests is possible.
Full report
Testimonies & Speeches by Paul M. Dabbar • October 19, 2023