Thursday, June 7, 2007

Damned If You Do And Damned If You Don't...

OPEC is getting ready to screw you to the wall:

Opec secretary general Abdalla El-Badri said moves to use biofuels would make his members consider cutting investment in new oil production, the FT said.

President Bush says the US will cut petrol use by 20% in 10 years, partly through increased use of biofuels.

Opec members control about 40% of the world's oil production.

Mr El-Badri said that while Opec members had so far maintained their investment plans, he added: "If we are unable to see a security of demand... we may revisit investment in the long term."

If liberals want to attack "Big Oil," I would suggest they start here. This is a threat by OPEC to keep everything staus quo.

If we are serious about alternative fuels, we'd better go full bore into switching over.

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