The Disinformation Age: OPEC lies, the SUV dies By Clifford D. May The Disinformation Age: OPEC lies, the SUV dies The folks over at OPEC, the Organization of Petroleum Exporting Countries, must think were pretty stupid. The other day, Chakib Khelil, the current OPEC president, asserted that "the intrusion of bioethanol on the market" is responsible for 40% of recent increases in the price of oil. Now how exactly would that work? How does growing sugarcane in Brazil or corn in Iowa push up the price of oil sucked from holes in the ground in Saudi Arabia, Iran and Venezuela?... ...
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