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OPEC: Looking for a handout on de-carbonization

WORLD NEWS: "Oil Producers Worry About Carbon Deal," by Spencer Swartz, Wall Street Journal, 10 December 2009.

This conversation goes back almost a decade, by my count. OPEC wants compensation!

Friedman, as we know, demands a Manhattan Project effort from the U.S., but the real driver here is China (along with India), where fear of foreign dependence (and the military requirements to protect it) plus the environment are all that is required to make the push.

Won't happen overnight, but it will happen.

Meanwhile, we collectively have to worry about the Middle East and North Africa creating those tens of millions of jobs over the next few decades for that aging youth bulge.

Disgorge yourself of one problem and pick up another, so no Calgon-take-me-away escapes of the sort that pundits love.

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This page contains a single entry from the blog posted on January 21, 2010 3:47 AM.

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