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chapter 29
A Consumers' Cartel
Foreign oil is costing us $500 billion a year. In 10 years, $5 trillion goes out of the country. It’s nuts. It’s the greatest transfer of wealth from one area to another in the history of the world.
—Oilman T. Boone Pickens, 200
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Importance: A consumers' cartel offers cost savings to oil addicts (the US and China) while acting as an international climate agreement. Incentives for cooperation increase.
Main Ideas:
• OPEC is a cartel. There is nothing wrong with organizing a counter cartel.
• Any climate agreement must cut oil consumption, so it will be a cartel.
• This coincidence should be recognized and optimized.
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FAQs and Answers:
Q: Kyoto is well under way, won't switch to a consumer cartel disrupt our progress?
A: The Kyoto Protocol is a consumers' cartel. What Kyoto needs most is more support. Recognizing that it is both a consumers' cartel and a climate agreement gives countries like China and the United States two reasons to support it.
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Q: Isn't a cartel illegal?
A: Supplier cartels are illegal in the United States, but not consumer cartels (boycotts). No international law prohibits a consumer cartel, although OPEC may be violating rules of the World Trade Organization. In any case, there is nothing stopping a consumer's cartel, and any climate agreement that works is one.
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http://stoft.com/p/96.html | 03/12/10 01:25 GMT
Modified: Tue, 06 Jan 2009 22:36:35 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.
Get discount.
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