Common Tragedies

Thoughts on Environmental Economics

If only Santa put LNG in naughty kids’ stockings…

Posted by Evan Herrnstadt on December 25, 2008

Merry Christmas from the Gas Exporting Countries Forum, who continued to make moves toward formalizing a cartel on Tuesday.  Despite ominous quotes from Putin, et al, it seems that natural gas will not be as easily cartelized in the near-term as crude oil (which is a bit of a struggle these days anyway), due to heterogeneity in consumer base, export structure, and infrastructure, according to Xinhua.  I’m not particularly well-versed in the structure of international natural gas markets, I just thought this presented interesting political economy and energy issues. So I’d love to hear any knowledge that readers can drop on me. At any rate, here is a solid video that outlines the situation and the major players. 

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