Pump more oil, consuming nations plead - World business- msnbc.comDrill, build more nuclear power plants, go after oil shale, clean coal - WHATEVER?AOMORI, Japan - Leading energy-consuming nations urged oil producers Saturday to boost their output to counter soaring prices threatening the world economy, while they pledged to develop clean energy technologies and improve efficiency.
The five nations — the United States, China, Japan, India and South Korea — differed, however, on how urgently oil subsidies should be phased out, with Washington backing bold movement while India and China warned of political and economic instability.
Cabinet ministers from the five countries, which account for more than half the world's consumption of energy, agreed that the sharp surge in oil prices was a menace to the world economy, and that more petroleum should be produced to meet rising demand.
Care to guess what the Democrats are gonna say?
J.