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29 comments on Tuesday Acronym Open Thread...

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tom deplume on February 7, 2006 - 12:50pm Permalink | Subthread | Comments top
On MSNBC yesterday I saw this guy from Harvard who said one of the year's biggest business ideas is OPIC, an Organisation of Petroleum Importing Countries, to bargain directly with OPEC. This raises the question of what if OPEC holds fast to a price higher than OPIC is willing to pay. How long can these countries refuse to buy from OPEC in order to force a long term agreement on price?  How long can the OPEC countries hold on without petrodollars and euros?
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step back on February 7, 2006 - 5:57pm Permalink | Subthread | Parent | Comments top
Fabulous.
I love these kinds of stories.
It shows how phony the "price" signal is.
Irrespective of supply versus demand, if buyers form a COALLITION of the UNWILLING, the price is one number and if they don't it is another number.

I saw on CSPAN, one lady suggest that unions, in order to counter the "multinational" corporations that outsource work, should form multinational brotherhoods / sisterhoods.

(In either case, a black market would errupt where cheaters trade under the table for private gain. OPEC is a leaky valve to begin with.)

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