A Comment About

Time to Push the Saudis on Oil Prices

March 19, 2008 - 1:00 am - by Youssef M. Ibrahim
Larry
2008-03-19 13:40:32

Bugler – exactly my point. While alternatives in the US are captive to global warming politics, the Chinese are busy building coal liquefaction plants – exactly what the Saudis don’t want it they have plenty in the ground. It stands to reason that maybe they don’t have as much in the ground as we all think they do, or at least have reached a plateau in production capacity. Otherwise, this is both a deviation from past practice, and not very smart in the long run.