Saturday, July 19, 2008

Open letter to OPEC

Nowadays oil price is increasing rapidly. In fact just the other night the gasoline has again increase after the last increase last week. This is only a proof that the oil product is really getting expensive. But I really can not understand why the gasoline is increasing rapidly because there are many ways to help minimize the oil price hike. Anyway I read the World Biofuels Industry Open Letter to OPEC to let us know that they are providing a lowered priced renewable fuel to world today. The letter that is 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. So if you want to know more about this open letter which is addressed to Organization of Petroleum Exporting Countries (OPEC) just click the link and you will be redirected to the letter.

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