[B-Chan]

Page A1 of the Journal yesterday.

[Wally_Kalbacken]

The suggestion that Saudis are content to sit on the flow of revenue at present (and thus have little incentive to invest in production expanding equipment and facilities) is a bit weak. In the short run there is little alternative to oil for personal transportation and a host of other uses. But as the price increases with demand, the Saudis would plausibly have an incentive to get revenues now (or in the next few decades) rather than chase them in a market say 20 years from now when what are now experimental technologies (e.g. hydrogen powered autos) are able to take a huge bite out of demand.

[AZLiberty]

I liked this Nanosolar article posted a day ago. For less than $10,000, I could cover my Arizona roof with this stuff, and be generating over $6K worth of electricity per year. Unlike Al Gore, I don't use that much, so I could sell it back to the power company.

Technologies like this are going to make the oil sheikhs sorry they tried to sheikh us down.

[familyop]

I wondered when a publication like the WSJ would publish that news.

[MSF BU]

Fording Coal.