Posting Response to Data

After reviewing the article that I chose best suitable to take notes on I have determined that it will supply me with notes and information for atleast a week. The reading was very dense. Although understanding the text was not difficult, the underlying factors that the authors were trying to reach was unclear. Essentially there was no thesis statement. Just a random list of facts. That, although was helpful, did not promote a strong opinion or structured thought of the interglobalization of OPEC and its subsidized oil.

OPEC Strategies and Oil Rent in a Climate Conscious World

The cheapest liquid substitutes for conventional oil products are derived from extra heavy oils, including, tar sand, natural gas, coal, oil shale, sugar cane, and maybe even ligno-cellulosic biomass. All of these fuels except biomass-based fuels and natural gas, contain a higher net carbon to energy ratio in their original form than conventional oil. If OPEC members behave strategically than they should be able to utilize this ability to increase their rent. When it comes to biomass-based fuels the supply is limited.

Climate regime must be universal. If climate regime is partial then liquid fuels will be produced from regions without a price on carbon. Countries must not protect synthetic fuel production based on unconventional oil. If climate policy is reinstated through energy efficient standards then the demand for oil production will lose momentum. Not all OPEC members would be effected by this. Many members are reported to own unconventional oil reserves.

The carbon energy ratio is higher for liquiefied coal then heavy coal. If OPEC establishes higher energy standards then basically oil production will be slowed. Causing an imbalanced trade export. Creating a monopoly on oil dependent nation-states. Such as the United States.