It isn’t very difficult to understand why OPEC is against Ethanol. After all, they don’t get to continue to get $140 per barrel oil, if we can replace a significant portion of our energy from domestic sources.
I am so happy to see that oil prices have come down in the last week. Now, we need to throw our support behind World BioFuels Industry. They published a letter in the Financial Times to OPEC refuting the claims that the Cartel was making that Ethanol and other biofuels are raising the price of gas.
Read the article on GoodFuels here: www.goodfuels.org/opec
Check out the press release here: http://www.prweb.com/releases/2008/7/prweb1115304.htm
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