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chapter 8
Learning from OPEC
After a decade’s bonanza, the Saudis found their cartel losing its power; its soaring prices had shrunk demand.
—William Safire, January 1986
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Importance: Pundits still claim "pricing carbon" is too weak. But OPEC's "policy" was purely a pricing policy—and it was vastly stronger than any before or since.
OPEC's high prices from 1973–85:
• Saved over 8 years worth of total world oil use.
• Caused about 10 times more conservation than supply increase.
• Still have a major impact on US and world energy use.
• Curbed oil use so much it crushed OPEC's power for 18 years.
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http://stoft.com/p/39.html | 03/12/10 21:46 GMT
Modified: Mon, 05 Jan 2009 00:44:39 GMT
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Amazon
China and India have nixed caps. Without these caps, Kyoto fails. What can be done?
Carbonomics explains "wrecking" the economy, "peak oil," caps, carbon taxes, and Kyoto.
About Carbonomics.
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