Belmont Club

By Richard Fernandez

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The Black Sea

August 24, 2008 - 3:41 pm - by Richard Fernandez
Whitehall
2008-08-25 07:27:44

Buddy,

Ever hear of California’s proposition 10? We’re supposed to tax ourselves to buy some of us CNG-fueled cars and truck and for home refueling stations. (Plus lots of other goodies.)

Where will California be getting an increasing amount of its natural gas from? Russia, via a LNG terminal in Mexico.

North American gas production has peaked although resumption of offshore drilling will give it a shot before it too fades.

No magic bullet there.