What is funny is that the WSJ article he references in the video As OPEC’s Energy Influence Wanes, China’s Minerals Clout Rises - WSJ shoots down all his arguments. The subtitle says it all:
But geography and innovation mean cobalt, lithium and copper can never be weaponized as effectively as oil and gas
And in the article it says:
Export restrictions or attempts to form an OPEC-like cartel would in time elevate prices and spur the hunt for alternatives, much as higher oil prices in the 1970s spurred production in the North Sea and Alaska’s North Slope. A recently discovered lithium deposit in a volcanic crater along the Oregon-Nevada border could be the world’s largest
Besides geographic diversification, renewable energy benefits from technological diversification. De La Noue notes that copper competes with aluminum in electrical wiring, while lithium, nickel and cobalt all compete with one another in battery chemistry. Innovators are working on sodium-ion and iron-air batteries that use no lithium.