Read the full Chapter. It explains how to win against OPEC with a consumers' cartel to counter the OPEC cartel. Today this sounds far fetched. But read how Henry Kissinger, with Nixon's blessing, organized a sixteen nation consumers' cartel in 1974. It still exists, but because of Congress and the weakness of other countries, it's never done much.
Read how OPEC tries to derail international climate cooperation, because that is the beginning of a consumers' cartel. Start by learning how the other team keeps beating us—then vote to get take back control:
Few things could more quickly arouse the exporters to outrage than the prospect of a tariff in the oil-importing countries, for such a levy would transfer revenues from their own treasuries back to the treasuries of the consumers.
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Daniel Yergin, The Prize
THE OPEC CARTEL is legal. Its fourteen members, major oil exporters all, agree to production limits about twice a year and post them on OPEC.org. These limits largely control the price of oil—a price that costs Americans an extra $70 billion a year every time it goes up $10. That’s $40 billion extra profit for foreign oil and $30 billion for domestic oil. Forty billion dollars is 1000 times more than President Bush spent on his clean coal program in its first five years.
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