> What if the Chinese offer to pay for some of the natural gas
> they expect to buy from Iran in Euros rather than dollars?
There are some real, technical, problems in the export of gas over
long distances. It's not a piece of cake like oil
No. Evidentally, the Chinese are offering to pay for a batch of
liquified natural gas tankers. Some are saying that they also are
considering a central Asian pipeline, which would be more defensible
than a sea route. In any case, shipments are not supposed to start
for quite a while. The amount of money involved is said to be $100
billion, with an option to double. It is a big deal.
I find it fascinating that neither they nor anyone else are talking of
spending that amount of money on alternatives to fossil fuel. With
tens of billions spent on development, I bet the price of alternatives
would come down below the costs of fossil fuels (including the
military costs of defending routes and such).
--
Robert J. Chassell
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http://www.rattlesnake.com http://www.teak.cc
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