Word: onoar
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...Onoar says the importance of oil in the world economy now gives Middle Eastern countries massive political influence...
...fact what they claim is true, then the discovery ranks with fire," Onoar says. "We will have an unlimited energy source forever...
...Onoar cited a Bahrain government report that predicted that by 1992, 90 percent of the oil in the world will be produced by the Organization of Petroleum Exporting Countries (OPEC). At the same time, the United States will be importing 60 percent of the oil it uses, he says...
OPEC "can hold the globe to energy ransom," Onoar says. The problem will be aggravated within the next decade, he says, because the U.S. may run out of domestically produced crude...
...Onoar remains unconvinced that the experiment at the University of Utah will significantly alter this scenario. "Right now, I see [fusion] as unlikely," he says...