Sunday, January 15, 2006

BUYING SMART

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.”

http://www.slate.com/id/2131024/

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”

http://news.ft.com/cms/s/25b30866-83a4-11da-9017-0000779e2340.html

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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