>The Saudis et al have just ordered the biggest cutback in oil production history. I think the poor oil producing folks are addicted to money. Enough is enough! It's time to use the money for Detroit to re-tool the plants for electric cars. Let's turn off the money tap that leads to Arabia.
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>http://www.msnbc.msn.com/id/28274997/

It isn't just the Saudis. All the oil companies have been canceling exploration projects, waiting for the price to rise again.

Which it will. I agree with you completely that sooner or later we have to find a way to get beyond oil dependency.