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Tuesday, February 13, 2007

The Natural Gas Mafia?

The news that Russia and Iran may be forming a natural gas cartel definitely has me nervous. Raymond J. Learsy is nervous, too...

What's worse than one bully? A mafioso of them. And if Iran's Supreme Leader Ayatollah Ali Khamenei has his way, the world's largest natural gas producers might try to form such a mafia to manipulate markets and keep gas prices high and ever higher, just as the OPEC cartel has so successfully and destructively done with oil.

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