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Politics : Politics for Pros- moderated

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From: LindyBill	5/11/2008 12:01:15 AM
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Lehman: OPEC "playing with fire" ACE OF SPADES BLOG Found this story on Drudge, but the money quote was buried way down in it: ...But some producers are becoming increasingly uneasy about the run-away prices and are finding it difficult to maintain OPEC's position. "They are playing with fire," an analyst at Lehman Brothers, Adam Robinson, said. "Every time the price goes up, and we break a new psychological mark, they risk killing the goose that lays the golden egg. Their biggest fear is triggering something they can't control."... That "something" would of course be a mass movement towards tar sands, oil shale, and clean coal. Those technologies, if widely adopted, would create a permanent floor in the price of oil worldwide at around $50-$60/bbl and would halt a huge problem the US currently has with exporting currency overseas by the tanker load. I can say this - while driving through PA and WV recently, I saw a lot of billboards touting clean coal. That wasn't something I was seeing on trips back and forth from FL to NY a few years ago. Someone out there is spending a bundle on raising public awareness that this alternative stuff exists. minx.cc

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