Don’t like high gas prices?

OPEC does, and they want all of us to believe that the reason prices are high is because of our domestic biofuels production.

Today, the spot price of ethanol is $2.41 per gallon on the CBOT. The spot price of gas is $3.23. Since the price of Ethanol is LOWER than the price of gas, then how on earth could mixing it into the gas supply INCREASE the price of gas?

The answer is that it can’t. The only way Ethanol can increase the price of gas is if Ethanol costs MORE than gas, not LESS.

Anyway, here is a link to the article on GoodFuel.org where you can get more info on OPEC’s latest ridiculousness: www.goodfuels.org/opec.

There is also a link to the Open Letter that World BioFuels Industry published in the Financial Times refuting the deceptions being spread around by OPEC.

~ by jsams12 on July 21, 2008.