Poseidon's Arrow (Dirk Pitt 22)

Pitt pulled the gunman all the way inside the cabin and listened for his partner. Hearing nothing, he took the man’s AK-47 and stepped into the hall, closing the door behind him. He reached the companionway and was about to move down the steps to release Plugrad when he heard a gunshot.

The shot seemed to come from above. If it had been fired from the bridge, then it meant one thing. Giordino.

Pitt reversed course and raced up the steps as silently as he could. At the bridge, he stopped and peered around the door. The lights had been dimmed for nighttime running, darkening the bridge except for the glow of a few monitors. A nearby console obstructed much of his view, but all seemed quiet. Perhaps the shot had originated elsewhere. Spotting only the helmsman, he quietly advanced into the bay.

“Mr. Pitt,” hailed the voice of Gomez. “I thought you would come for your friend.” The captain rose from a crouched position, firmly holding an outstretched pistol. It wasn’t aimed at Pitt, however, but at the floor. Pitt took a step closer to see that Gomez was aiming the weapon at Giordino, who lay on the floor, clutching his leg.

“Put down your weapon,” Gomez said, “or you both shall die.”

Pitt caught a movement out of the corner of his eye. The earlier gunman had materialized from behind another console, his AK-47 aimed at Pitt’s back.

As Pitt looked from his wounded friend to Gomez, his eyes flared with anger. Without a word, he let the gun fall to the deck.

39

THE PRESIDENT ROLLED AN UNLIT CIGAR BETWEEN his thumb and forefinger. “Why?” he asked in an irritated tone. “Why would the Chinese suddenly halt all exports of rare earth elements?”

An uncomfortable silence filled the Oval Office.

r /> “I can only suspect it’s for leverage,” the Secretary of State said. “Something they can use as a bargaining chip to counter our pressure on their support of trade with Iran or their refusal to float the yuan.”

“Have they told you as much?”

“No, the Foreign Ministry has only indicated it was done out of ‘strategic necessity.’”

“Sure,” said Vice President Sandecker. “The necessity to torpedo our economy.” A cigar aficionado himself, he eyed the President’s stogie with envy.

“It is quite a bold move,” the Secretary of State said. “I would have expected some hint of negotiation over the matter, but the Chinese are playing it close to the vest.”

The President turned to his national security advisor, a raven-haired woman named Dietrich. “How bad is it going to hurt us?”

“Over ninety percent of our rare earth imports come from China,” she said. “Commercially, it will devastate a number of industries, particularly electronics and the alternative energy fields. Almost every high-tech industry in the country will be affected.”

“Are we just talking higher prices?” asked Tom Cerny.

“Skyrocketing prices will be just the first impact. Until work-arounds can be developed, products will be in short supply—or simply unaffordable. Either way, demand will evaporate, and jobs along with it. It could easily drive the economy back into a serious recession.”

“What about other sources of rare earth?” the President asked. “I know we’ve got that mine in California. Tell me the Chinese aren’t the only game in town.”

“The Mountain Pass Mine came on line a few years ago and was just ramping up their production,” Dietrich said, “but a recent fire at the facility destroyed the mine’s extraction operations. It’s effectively closed for an indeterminate period, probably two years. That was our only domestic source.”

“Has anyone looked into the cause of the fire?” Sandecker asked.

“It was believed to have been accidental, but now the owners have called in the FBI to find out if it might have been arson.”

“How about other foreign sources of rare earth?” the President asked.

“We do source a fraction of our imports beyond China,” Dietrich said. “Australia has been the primary backup, with additional smaller amounts from Russia, India, and Malaysia. But there’s also a problem down under, I’m afraid. The major Australian producer has announced a temporary shutdown due to an expansion program.”

The President shoved his cigar into an ashtray. “So we’re left whistling past the graveyard while our economy sputters to a halt?”

Dietrich nodded bleakly. “I’m afraid we have little, if any, control over the supply situation.”

“That’s only the half of it,” Sandecker said. “The shortage strikes a pretty nasty blow to several of our key defense technologies.”

“The Vice President is correct,” Dietrich affirmed.

“Where’s the damage?” the President asked.