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| julie myerson, computer bks desktop publishing, 3 fatmen, mapping, baby phat, health & fitness / weight loss, uranium, mystery & detective women sleuths, arts and entertainment, gee, palomares, laura dern, amazon.com, site y, ubo.net, | to do election it constantly or consistently. A market mechanism, of sorts, works between consuming and producing nations, especially with the coming in the 1980s of the global spot market for crude oil. In addition, each producing country has its own strategy to follow as well, because election the size and quality of their reserves differ as well. While the organization has had its hawks in the past, who believe that consuming nations are hooked and can be gotten for all they are worth (Qadhdhafiy's Libya was a good example election of this in the 1970s, as was the Shah's Iran), most understand the laws of economics: if a good is too expensive, consumers will find an alternative. Not necessarily to oil, but to the source of that oil. The price shock of the 1970s spurred development in the North Sea, northern Alaska and Canada, and now everyone understands the need for a very diverse resource base. |
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| Ditto in Mexico, where the issue of declining production threatens to turn our neighbor to the south into an oil importing country in the next ten years (Mexico is the second largest supplier of crude to julie myerson the US). There's probably plenty of oil on Mexico's side of the deepwater Gulf, but state-owned Pemex simply does not have the money to invest in deepwater drilling. julie myerson Mexico's Congress loots Pemex every year julie myerson (Pemex provides the state with about one-third of its annual revenue), leaving the company with very little to invest in increased production, while the Mexican constitution currently forbids direct foreign upstream investment of any kind in the energy sector. While there have been times when OPEC members have been disciplined enough to effectively leverage the market in their favor, the organization doesn't really have the clout or the continued long-term discipline (they cannot even agree on someone to head the organization right now!) |
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