Sunday, January 15, 2006


Back at the end of November I recommended an article by Daniel Gross of Slate:

“My Cartel Is Bigger Than Your Cartel. How we can screw OPEC.”

Mr. Gross suggests forming buyer’s cartels; in effect, an anti-OPEC. Control of sufficient demand should give the buyers some leverage over price.

After all, it works for Wal-Mart…

Now we read in the UK Financial Times India and China are doing just that:

“China and India forge alliance on oil”

The world’s two fastest economies have agreed to cooperate on the one resource most critical to growth.

Western Governments, are you watching? Or are we to snooze and lose…

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