Terry Blanton wrote: > Looks like China might have targeted their own feet: > > http://www.nytimes.com/2009/09/26/business/energy-environment/26rare.html?_r=1&em
<g> They do say that commodity cartels are generally short-lived. I recall reading that back when Opec was shaking the pillars of power, and of course, Opec has since lost much of its importance. The one exception I'm aware of is the DeBeers diamond cartel, which has retained its power over the price of diamonds for decades. The fact that nobody actually needs their product may have something to do with that, however (industrial diamonds don't have inflated prices, AFAIK, only the ones intended for jewelry). >
