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Uptime verified by Wormly.com

16 December 2006

OPEC cuts production

Good old OPEC - taking from the first-world poor to give to the third-world rich. They've cut production by 2% and the oil economists think that will hold oil prices above $60/barrel. Angola, apparently a big exporter, is also going to join OPEC next year.

In decades to come we're going to look back at OPEC's selfishness and praise the lord that they forced us to cut consumption. I love systems like this, where you get two positive outcomes from one selfish behaviour. A lot of the cost of their actions are actually borne by the rich and a lot of the benefits go to the poor. Although it is almostly certainly bad for non-oil-exporting poor countries, but then so is global warming.

Apparently, 10% of Australia's energy consumption is used by air-conditioners even though they are only on 1% of the time. Stupid frickin fossil fuel, inefficient, combustion-driven, planet-destroying air-conditioners. I hate them.

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