It is clear that there are far cheaper fuels -- efficiency, solar and wind to replace coal and natural gas in the U.S., and biofuels or electricity elsewhere to reduce oil intensity. So how much $100 fossil fuel can the world afford, climate aside?
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On their last visit, the auto execs asked Congress for $25 billion in bailout loans. A nice round number. So nice and round that it sounded like it had been plucked from thin air.
Originally posted at The Seminal.
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