NEI Nuclear Notes

More bad news for American and its allies from the WSJ Energy Blog : OPEC, meet Opegasur. That’s the name of a new natural-gas cartel established this morning in an agreement between Venezuelan President Hugo Chavez and Argentina’s President Nestor Kirchner . Opegasur, which stands for Organizacion de Paises Productores, Exportadores de Gas del Sur, will also include Brazil and Bolivia. It will be built around a $20 billion gas pipeline that will eventually connect the four countries. There has been talk that the natural-gas cartel might never get off the ground. But it may not be long before an even bigger — and scarier, to U.S. interests anyway — cartel takes shape, Michael J. Economides, editor-in-chief of Energy Tribune, warned recently on Foreign Policy’s Web site . “With domestic gas production in decline, the United States and many of its allies will grow more dependent on imports to generate electricity and heat homes,” he wrote. “Gas suppliers will band together in response t...