The American economy is suffering, as is the global economy. While there are many factors involved, the most significant is the current high energy costs, specifically, oil.
This is an area in which all nations must work together, to bring forth alternative fuel options.
While maintaining monopolistic control over the world’s oil supplies and markets, OPEC has nonetheless gone as far as including the biofuels industry as part of the cause of the current record high oil prices.
This is both misleading and false. Simply stated, you must read the World Biofuels Industry Open Letter to OPEC so that you will be as informed as possible. This open letter, written by the biofuel industries of Brazil, Canada, Europe and the United States challenges OPEC’s outrageous, misleading, and unsubstantiated claims.
OPEC fears competition, and it fears alternative fuels.
Educate yourself; There is more at issue here than just economics. National and global security are also at stake.