Professor Elam

The WSJ sums up the next big battle in this article. The Copnehagen meeting is all about getting the well to do countries to send money to the not so well to do, read backwater socialist dominated dictatorships. China nd India, the big polluters, want no part of this. And so our President is apparently prepare to promise more US Aid.

Thi is all about government control. Industry is warning that domestic refineries may be shut down in preference to importing gasoline, that won't be cheap. This has big meaning for petroleum exporters like Russia, the mid East and Texas.

by the way, we inhale oxygen and exhale carbond dioxide. Plants use carbon dioxide to manufacture oxygen.

And wouldn't you know it, here is an article on the Texas Energy Industry in the latest fiscal notes from the State of Texas. Tobacco made Texas 75% as much as oil production last month.