[Marxism] a new world gas cartel?
rholt at planeteria.net
Tue Dec 23 23:21:20 MST 2008
With regional differentials, the prices of natural gas (and propane and
butane) follow oil-- but oil is influenced by OPEC. Further, oil prices
are influenced by gas prices, particularly since major fossile-fueled
electrical power producers can trade off some of their oil consumption
against gas-consuming plants. It is too simple to say "there is no world
market for natural gas."
The first thing the Gas Exporting Countries (GECF) would do is demand an
important seat in OPEC meetings and decisions. Next, they could present
a united front (sort of) as governments in their demands for a fair
royalty. This would be at best a quasi-cartel, and at worst, a squabble
>This cartel will have major logistical problems. There is not a world
>market for natural gas.
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