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Bold Idea for Energy Woes: Global Cooperation ; Some Analysts Envision an Alliance of Consumer Countries to Boost Energy Security and Stabilize Supplies

By: Howard LaFranchi writer of The Christian Science Monitor | The Christian Science Monitor, April 24, 2006 | Article details

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Bold Idea for Energy Woes: Global Cooperation ; Some Analysts Envision an Alliance of Consumer Countries to Boost Energy Security and Stabilize Supplies


Howard LaFranchi writer of The Christian Science Monitor, The Christian Science Monitor


Increasingly, world diplomacy is linked to energy.

Whether it's the proposed US nuclear agreement with India, tension over a natural-gas pipeline from Russia to Europe, or talks between President Bush and Chinese President Hu Jintao about China's growing ties to oil-rich Iran, world leaders are factoring crucial energy needs into their strategic calculations.

Global energy strains have been particularly evident over oil, which topped a record $75 a barrel last Friday.

So is it time for an OPIC - an organization of petroleum- importing countries - as a way to build up cooperation among the world's booming and increasingly competitive energy …

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