Archive for July 21st, 2008

Oil Prices Have Tripled in the Last Two Years. But Relax, OPEC Has A Plan…

You’ll have to pardon my skepticism, but when I heard that OPEC said that the reason gas prices were going up is because of biofuels; I had to laugh.

All we have to do, according to OPEC, is eliminate their competition, and then they’ll just lower oil prices for us. Sounds reasonable, doesn’t it?

I mean, listening to OPEC about how to solve high gas prices is a bit like putting the wolf in charge of sheep security – dontcha think?

Talk about pushing your luck. Fortunately, the World BioFuels Industry has addressed these OPEC lies with an open letter published last week in the Financial Times. You can see the letter here at www.goodfuels.org/opec.

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