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Reply #3: There should be billions in US research into alternative fuel cells. [View All]

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applegrove Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-06-06 05:04 PM
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3. There should be billions in US research into alternative fuel cells.
& the like. Not just window dressing. Whoever breaks that lock open will own the comparative advantage for the whole world.

But oil families will not make money as the price of oil goes up due to restricted access (cartel) or whether it follows market pricing (say if it were at $40 a barrel).

I'm placing my bets on the Brazillians or the South Africans or the New Zealanders. Maybe the Japanese. Likely Europe will have a hand in it. Russia? Nope. USA? They choose not to invest there. And whoever has that comparative advantage has the advantage for the next millenium.

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