Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Media
New media
New comments
Search media
Members
Registered members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
SportTrac Discussion
Engine & Drivetrain
The Law of Supply and Demand At Work
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support Ford SportTrac Forum:
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="Thomas Rogers" data-source="post: 565282" data-attributes="member: 60724"><p>So Rocco, you and Caymen "basically" boil the big difference between OPEC and the typical union in that OPEC doesn't really negotiate with the consumer, then Rocco said in many cases the consumer is the "employer" in the union context.</p><p></p><p></p><p></p><p>Okay. I think we have all been assuming that OPEC doesn't negotiate with their "consumers".</p><p></p><p></p><p></p><p>But that could be a flawed assumption. OPEC has to consider current demand, expected demand, and the feedback from nation-buyers in its collusion. Sure, they have most everyone "over a barrel" (hey, is that where that analogy comes from, probably not but a nice play on words), but I don't think they TOTALLY negotiate amongst themselves and without the input of their "consumers". Likewise, there are mostly "one-sided" negotations in many industries.</p><p></p><p></p><p></p><p>Anyone care to do the research or chime in on "JUST HOW" OPEC works, because I will admit, I don't know the intricacies, but I suspect they are not totally alone in their negotiations.</p><p></p><p></p><p></p><p>I hear on the news about Pres. Bush negotiating with OPEC to increase supplies. What does that mean? How does he do that, with what leverage? Seems there is a give and take involved.</p><p></p><p></p><p></p><p>Anyone?</p><p></p><p></p><p></p><p>TJR</p></blockquote><p></p>
[QUOTE="Thomas Rogers, post: 565282, member: 60724"] So Rocco, you and Caymen "basically" boil the big difference between OPEC and the typical union in that OPEC doesn't really negotiate with the consumer, then Rocco said in many cases the consumer is the "employer" in the union context. Okay. I think we have all been assuming that OPEC doesn't negotiate with their "consumers". But that could be a flawed assumption. OPEC has to consider current demand, expected demand, and the feedback from nation-buyers in its collusion. Sure, they have most everyone "over a barrel" (hey, is that where that analogy comes from, probably not but a nice play on words), but I don't think they TOTALLY negotiate amongst themselves and without the input of their "consumers". Likewise, there are mostly "one-sided" negotations in many industries. Anyone care to do the research or chime in on "JUST HOW" OPEC works, because I will admit, I don't know the intricacies, but I suspect they are not totally alone in their negotiations. I hear on the news about Pres. Bush negotiating with OPEC to increase supplies. What does that mean? How does he do that, with what leverage? Seems there is a give and take involved. Anyone? TJR [/QUOTE]
Insert quotes…
Verification
Post reply
SportTrac Discussion
Engine & Drivetrain
The Law of Supply and Demand At Work
Top