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Alliance Calls OPEC Report Self-Serving

Oil cartel sets sights on biofuels.
Compiled by staff 
Published: Mar 9, 2010

The Global Renewable Fuels Alliance says a report to be discussed during the International Energy Forum's meeting in Cancun, Mexico late this month, criticized biofuels while ignoring the overwhelming evidence on the devastating impact of crude oil on the environment and on our economies. Bliss Baker, spokesperson for the alliance says this report would be laughable if the risks associated with our dangerous reliance on oil were not so serious.

 

According to Baker, OPEC has dedicated its history to keeping oil prices artificially high and combating any threat to the shocking wealth of its members. He says it was only a matter of time until it attacked biofuels. Baker called on the OPEC oil cartel to embrace biofuels and the competition that it brings to the global fuels markets instead of stifling competition and keeping prices high.

 

Baker points out, the report ignores the devastating impact of high crude prices on all economies, especially those of the developing nations and the positive impact that biofuels production is having on fuel supplies and prices. In an era of ever increasing oil prices, Baker says biofuels production is more important than ever.



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