GoodFuels
The world biofuels industry issued a sharp rebuke to the Organization of Petroleum Exporting Countries (OPEC) with a full-page ad in the Financial Times today. The ad, sponsored by the biofuel industries in Brazil, Canada, Europe and the United States, called out the oil cartel on its misleading and unsubstantiated claims about the role of ethanol in world oil markets.
“Efforts to obfuscate and mislead the public about biofuels will do nothing to alleviate the energy crisis gripping the world. We realize that biofuels may be reducing your windfall profits. But, perhaps, the time for OPEC to face some competition has finally arrived,” the groups wrote.
Pulling no punches, the open letter countered OPEC’s baseless claims with facts rooted in strong research. According to the numbers, ethanol presents a real threat to OPEC. No wonder they’re lashing out.
“According to the International Energy Agency, ‘biofuels have become a substantial part of faltering non-OPEC supply growth, contributing around 50% of incremental supply in the 2008-2013 period,’” the groups pointed out. “Without the growing production and use of biofuels worldwide, IEA calculates that more than one million barrels per day of new oil production would be required.”
Moreover, “The growing volume of biofuels in the global fuels market is helping to keep world oil and gasoline prices lower than OPEC may like. A recent Merrill Lynch analysis shows that biofuels keep world oil prices 15% lower than they otherwise would be.”
July 16, 2008
[...] The world’s four largest biofuels lobbies have countered Mr. Khelil, claiming that he is lying. Instead, they say that rising fuel costs are caused by a long list of items having nothing to do with the production of bio…. [...]
It is the time that all should give full support to the renewable energu especially the Agro Fuel crops.
This will not only to get the clearn energy to share the dirty fossile energy but also supporting the poor fatmer to be in part of the enegy supply chain in the future.
Chummy Mah
[...] Questioning OPEC Just presenting an article i found an interesting read.. not sure who i believe. GoodFuels
[...] can read the full World Biofuels Industry Open Letter to OPEC and additional information at that site. You can also leave comments and read others debating the [...]
[...] the public. One such being the role in ethonal in world oil markets. Other things mentioned in the World Biofuels Industry Open Letter to OPEC were facts to counteract OPEC’s unsubstantial claims, proving them false. This is [...]
[...] ethanol in world oil markets. As this effects every one of us, it is imperative that you read the World Biofuels Industry Open Letter to OPEC. It makes no sense to discount this alternative fuel source except that OPEC is afraid of losing [...]
[...] is both misleading and false. Simply stated, you must read the World Biofuels Industry Open Letter to OPEC so that you will be as informed as possible. This open letter, written by the biofuel industries of [...]
You Know You’re Getting Close To The Truth When People Start Lying… « MikeSites Says:
July 21st, 2008 at 8:22 am[...] can read an article on the subject on GoodFuels here: http://www.goodfuels.org/opec Possibly related posts: (automatically generated)Master the Art of [...]
[...] Check out the letter here at GoodFuels.org: http://www.goodfuels.org/opec [...]
[...] the article on GoodFuels here: http://www.goodfuels.org/opec Check out the press release here: [...]
Open Letter to OPEC – Wish It Was A “Dear John Letter” « Jayzee Bird Says:
July 21st, 2008 at 8:33 am[...] Check out the article on GoodFuels here: http://www.goodfuels.org/opec [...]
[...] Fortunately, the biofuels industry is getting their voice heard as well. In an open letter to OPEC, the World BioFuels Industry refutes these ridiculous claims. You can read an article about it (as well as see a scan of the original letter) here: http://www.goodfuels.org/opec [...]
Oil Prices Have Tripled in the Last Two Years. But Relax, OPEC Has A Plan… « Ask Bo Bo Says:
July 21st, 2008 at 8:39 am[...] lies with an open letter published last week in the Financial Times. You can see the letter here at http://www.goodfuels.org/opec. Possibly related posts: (automatically generated)House passes bill to flush taxpayer money down a [...]
[...] Anyway, here is a link to the article on GoodFuel.org where you can get more info on OPEC’s latest ridiculousness: http://www.goodfuels.org/opec. [...]
World Biofuel Leaders to OPEC: Who Are You Trying to Kid? | Alternative Energy Foundation Press Releases Says:
July 22nd, 2008 at 8:31 am[...] The ad can be seen in the July 16 print edition of the Financial Times or viewed online at http://www.GoodFuels.org/opec. [...]
World Biofuel Leaders to OPEC: Who Are You Trying to Kid? « Citizens Coalition for distiling ethanol in Barrie Says:
July 27th, 2008 at 2:48 pm[...] Without the growing production and use of biofuels worldwide, IEA calculates that more than one mill… [...]
[...] about biofuel, just so that they can have an attempt at stopping domestic energy production. A World Biofuels Industry Open Letter to OPEC states just that and has been sponsored by biofuel companies from Europe, The United States of [...]
[...] There is a lot of debate about the solutions and problems with the energy industry and the World Biofuels Industry Open Letter to OPEC contains a lot of information about the subject. It seems that research indicates that biofuels are [...]
For Mabelleverlasting » Blog Archive » World Biofuels Industry Open Letter to OPEC Says:
November 11th, 2008 at 8:32 pm[...] should one best alternative to it. And one best solution is to use bio-fuel. And there is this World Biofuels Industry Open Letter to OPEC stating that bio-fuel is the best alternative in helping the economy not to suffer from oil price [...]
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July 17th, 2008 at 8:59 am