Abraham - U.S. "Won't Beg OPEC" - Instead, Nukes & Hydrogen Will Save Us [View All]

Whatever, Spence . . .

LOS ANGELES - "Energy Secretary Spencer Abraham said last week that the U.S. is not going to "beg OPEC for oil" and was instead developing "game-changing technologies" to counter its dependence on imports. He noted that a huge rise in Asian demand and a recovery in the U.S. economy had contributed to the recent rise in oil, gasoline and other energy prices.


"The president has expressed very clearly his concern about OPEC decisions not hurting the economy... At the time we have also made it clear we are not going to beg OPEC for oil," Abraham said, noting the current rise in prices underscored the need for U.S. energy independence. "Demand in the developing world is going to keep growing. We believe we need transformational technology," he told reporters after a meeting here.

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For the longer term, he cited the development of clean operating coal-fired power plants, new "meltdown-proof and proliferation-resistant" nuclear plants and hydrogen-related technologies as key to meet growing demand for energy.

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"We want to transcend this debate. The best way to put ourselves in a long-term position of stability and independence is to develop motor vehicles that operate on hydrogen fuel cells with the hydrogen production coming from stocks that are available here at home," he added."

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http://www.planetark.com/dailynewsstory.cfm/newsid/24041/story.htm