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Hydrogen as a transportation fuel presents severe technical and financial costs. It may happen but will take many years. I don't know where the "trillions" of barrels of oil are located but future oil will be difficult and costly to extract and this will guarantee the cost of oil. Any demand destruction in the U.S. will only make more petrol available for "Chindia". The "Chindians" have plenty of U.S. Dollars to pay for it too.
Aug 07 11:50 am
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All Comments by Jimbo »A Supply Side Problem: Oil's High Price is Here to Stay [View article]