“Reverse OPEC” Proposal by Kamela Harris

I was thrilled to read this post by Aimee Barnes at the Columbia University Earth Institute.

It explains that Kamela Harris (recently nominated for Vice President of the USA) wants international coalitions of countries trying to reduce fossil fuel production. The blog post calls this “reverse OPEC”.

I think this is a great idea, though I called the thing “OCIC” instead before, which would stand for “Oil Consuming and Importing Countries”.

On the other hand, I disagree with the idea that fossil fuel companies might not be interested in joining. Of course they want less oil on the market. They have been doing this first, starting with the Texas Railroad Commission ages ago and continuing with OPEC. Beside the valid reasons of climate policy and conserving more of the treasure for future generations, they profit from higher prices, which naturally follow from less production.

Anyway, that is another good reason to vote for Harris in the upcoming election.

Published by kflenz

Professor at Aoyama Gakuin University, Tokyo. Author of Lenz Blog (since 2003, lenzblog.com).

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