Thursday, May 29, 2008

It's a conspiracy

I’m not a conspiracy theory nut. To prove it, I’ve come up with my own conspiracy theory.

How’s this, the oil producing countries know that the next big thing is just around the corner. They know that within five years hydrogen power, coal liquidification and nuclear power are going to make running something on Saudi oil akin to using a Betamax or 8 track tape system. So they jack the price of their oil up just ahead of the new development to get what money they can before oil prices fall through the floor after the world starts converting to the new technology.

Now as conspiracy theories go, this one’s probably not up there with the black helicopter – trilateral commission crowd, but what if? I saw on Glenn Beck the other day where GM is working on the hydrogen powered car and one of the biggest stumbling blocks seems to be a hydrogen distribution system NOT making the car go. They project hydrogen can produced and sold for the equivalent of a dollar a gallon. Another man claims to have developed an air powered car. Popular mechanics says the car will cost about $12,000. It can travel about 120 miles at speeds up to 60mph and “it should cost around $2 to fill the car’s carbon-fiber tanks with 340 liters of air at 4350 psi. Drivers also will be able to plug into the electrical grid and use the car’s built-in compressor to refill the tanks in about 4 hours.” We know that nuclear works. We just have to go out and pursue it. A WV Dem – soon to be ex-Dem with thinking like this – is proposing an accelerated coal liquidification R&D program.

Maybe the Saudis see the handwriting on the wall and are trying to get what they can get while they can get it. The only other option would be to do what they have done in the past – flood the market with oil dropping the cost to the point of making any R&D seem foolish. That is what they did 30 years ago when we first got serious – at least temporarily - about energy independence during the OPEC oil embargo. Hopefully we won't fall for the same trick twice.

So now that we’ve broken the conspiracy theory nut ice, let me tell you who really shot JFK.

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