Monday, December 22, 2008

OPEC is turning into an increasingly irrelevant organization!


That's what an oil analyst recently said!

If you want a primer on cartels, OPEC, the incentive to cheat, stability etc please read this (easy) Business Week article: OPEC Loses Its Muscle.

Also, read (again?) our October 21 post on OPEC: 'Between a rock and a hard place'.

1 comment:

BeyondGreen said...

We have to look at "the big picture." Our days of tunnel vision need to cease. Our nation better wake up and smell the coffee. With all our bail outs along with the 168 billion economic stimulus package, that btw did nothing for our economy it is hard to understand why our government can't see the need to bail us out of our dependence on foreign oil. The high cost of fuel this past year seriously damaged our economy and society. Meanwhile, while we are busy doing the Happy Dance around the lower prices at the pumps, OPEC is planning to cut production to drive prices back up to between 75-100. per barrel. Why don't we invest in America's Energy Independence. It would cost the equivalent of 60 cents per gallon to charge and drive. The electricity used to charge the car could conceivably be generated by solar or wind. Why not invest some of these millions in getting some of these projects set up? Create clean cheap energy, badly needed new green collar jobs and reduce our dependence on foreign oil. What more of a win-win situation could there be? Now there is talk of another stimulus pkg. Don't get me wrong, if you hand me a check I will take it. I am broke from this past year myself. I just think we are going about this all wrong. I just read a fascinating book by Jeff Wilson called The Manhattan Project of 2009 Energy Independence NOW. We need to look at the "big picture" This book Is the big picture. www.themanhattanprojectof2009.com