Sunday, December 20, 2009

World Biofuel Leaders to OPEC: Who Are You Trying to Kid?

The apple biofuels industry today issued a aciculate admonishment to the Organization of Petroleum Exporting Countries (OPEC) and its president, Chakib Khelil, today in the pages of the Financial Times.

Washington, DC -- The apple biofuels industry today issued a aciculate admonishment to the Organization of Petroleum Exporting Countries (OPEC) and its president, Chakib Khelil, today in the pages of the Financial Times. In a abounding page ad, the biofuel industries of Brazil, Canada, Europe and the United States took the oil bunch to assignment for outrageous, misleading, and counterfeit claims about the role of booze in apple oil markets. The biofuel barter associations’ ad acicular out the actual absolute antagonism biofuels is proving to be for oil producers.

“Efforts to conceal and mislead the accessible about biofuels will do annihilation to allay the activity crisis arresting the world. We apprehend that biofuels may be abbreviation your asset profits. But, perhaps, the time for OPEC to face some antagonism has assuredly arrived,” the groups wrote.

Efforts to conceal and mislead the accessible about biofuels will do annihilation to allay the activity crisis arresting the world. We apprehend that biofuels may be abbreviation your asset profits. But, perhaps, the time for OPEC to face some antagonism has assuredly arrived According to the International Energy Agency, ‘biofuels accept become a abundant allotment of aged non-OPEC accumulation growth, accidental about 50% of incremental accumulation in the 2008-2013 period,’ Without the growing assembly and use of biofuels worldwide, IEA calculates that added than one actor barrels per day of new oil assembly would be required. The growing aggregate of biofuels in the all-around fuels bazaar is allowance to accumulate apple oil and gasoline prices lower than OPEC may like. A contempo Merrill Lynch appraisal shows that biofuels accumulate apple oil prices 15% lower than they contrarily would be. The groups –- the Canadian Renewable Fuels Association (CRFA), the European Bioethanol Fuel Associations, the Brazilian Sugarcane and Ethanol Industry Association (UNICA) and the US Renewable Fuels Association – were answering the accuse by OPEC that booze was in allotment amenable for the aerial amount of awkward oil, a amount that will back OPEC nations added than $1.2 abundance dollars this year alone.

“According to the International Energy Agency, ‘biofuels accept become a abundant allotment of aged non-OPEC accumulation growth, accidental about 50% of incremental accumulation in the 2008-2013 period,’” the groups acicular out. “Without the growing assembly and use of biofuels worldwide, IEA calculates that added than one actor barrels per day of new oil assembly would be required.”

Moreover, “The growing aggregate of biofuels in the all-around fuels bazaar is allowance to accumulate apple oil and gasoline prices lower than OPEC may like. A contempo Merrill Lynch appraisal shows that biofuels accumulate apple oil prices 15% lower than they contrarily would be.”

Indeed, the groups highlight the actuality that gas prices in Brazil accept not gone up in two years as a aftereffect of that nation’s accretion use of ethanol. In the US, gasoline prices would arise by $0.50 per gallon if booze were removed from the market.

Wild claims and the use of anarchic accent by OPEC and its leaders abandon the actual absolute blackmail biofuels poses to the bunch

The groups wrote that, “...for added than a generation, OPEC has captivated the apple over a barrel. When it has ill-fitted the cartel, OPEC has affected the amount of oil down, bigger killing off any alternatives that ability prove competitive…As the apple biofuels industry evolves, new feedstocks and technologies will conductor in greater assembly and activate to supplant even beyond volumes of petroleum. This movement against adapted activity supplies, added ability and greater antagonism is acute to the sustainability of approaching generations, including those in OPEC nations.”

As the counterfeit criticisms of biofuels accept been added broadcast by OPEC, big oil, big aliment processors, and others who appearance biofuels as a threat, the apple industry is added alive calm to anticipate the misguided, profit-driven agenda of these interests from abashing the accuracy about booze and biofuels.

Recently, these groups accept accounting to the leaders of the United Nations and the G8 to animate a added measured, anxious access to world’s energy, bread-and-butter and ecology future, in which biofuels have to play an important role.

The ad can be apparent in the July 16 book copy of the Financial Times or beheld online at www.GoodFuels.org/opec.

Contact:   
Matt Hartwig
202-289-3835
MHartwig @ ethanolrfa.org
http://www.goodfuels.org/opec./

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