Posted on 10/14/2008 7:21:20 PM PDT by Kaslin
Energy: Iran resurrected its idea of a "gas cartel" to control gas markets like oil. But even if it succeeds, the U.S. won't be vulnerable. If you wonder why, look to the governor of Alaska.
If OPEC strikes you as a bad group, the new cartel for natural gas, led by Russia and Iran, will be even worse.
Russia has made standoffish statements about the plan, but won't repudiate it. "A gas OPEC is an interesting idea," then-President Vladimir Putin declared last year. Based on Russia's moves since, the Heritage Foundation's Ariel Cohen believes it's a stealth move from the Kremlin to keep buyers unperturbed as the cartel slowly forms.
He's right. This week in Tehran, Iranian President Mahmoud Ahmadinejad quietly drew up the organization's charter and will take it to Moscow next week.
One reason for the West's complacency is the difficulty in founding a gas cartel. The natural gas market isn't like the oil market, which trades at one price all over the world and can ship its product almost anywhere.
(Excerpt) Read more at ibdeditorials.com ...
Palin single-handedly saved the U.S.? Come on.
When she is VP she can be put in charge of allowing American energy companies to develop FOUR times the Saudi’s reserves in our shale oil, coal diesel and ND oil at an avg cost of $30 a barrel. The American people will rally around Sarah.
I can’t wait for a VP Palin and Pelosi smack down. Pelosi will get smashed.
A pretty good report. The EcoNuts won't like it, but with CA being 7 BILLION in the hole, they may actually start to pay attention.
In any event; whether or not Sarah has "single-handedly saved the U.S.?"; she's had an impact.
Yup she did!
And she was gutting a moose when she did it too!
The author is rather poorly informed. Oil has many prices based on quality measurements as well as location. Natural Gas is increasingly becoming transported long distance both with pipelines and LNG ships.
Perhaps you should read the entire article.
Closing line of the article:
Palin’s foresight is a major contribution to U.S. energy security that will reverberate well beyond the election, no matter how it turns out.
Perhaps you can show me where in the article it substantiates the false claim that oil trades at one price all over the world.
Perhaps you can also show me where in the article it substantiates the false claim that LNG ships today cannot travel all over the world.
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