October 6, 2003

Reuters | Latest Financial News / Full News Coverage

The end game, perhaps only 15-25 years in the future for auto makers...to take "automobiles out of the environmental debate altogether" suggests that petroleum will NOT be the critical commodity in the US as it is today. Instead, other countries may become dependent on petroleum as we begin to wean ourselves off it, except perhaps as the raw material for plastics.

Whole industries will suffer significant dislocations and it will require a few decades to accommodate this huge change.

All things considered, this is good news. As long as my grandchildren have eay acces to a hydrogen station!

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