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

Washington, DC (PRWEB) July 16, 2008 — The world biofuels industry today issued a sharp rebuke to the Organization of Petroleum Exporting Countries (OPEC) and its president, Chakib Khelil, today in the pages of the Financial Times. In a full page ad, the biofuel industries of Brazil, Canada, Europe and the United States took the oil cartel to task for outrageous, misleading, and unsubstantiated claims about the role of ethanol in world oil markets. The biofuel trade associations’ ad pointed out the very real competition biofuels is proving to be for oil producers.
“Efforts to obfuscate and mislead the public about biofuels will do nothing to alleviate the energy crisis gripping the world. We realize that biofuels may be reducing your windfall profits. But, perhaps, the time for OPEC to face some competition has finally arrived,” the groups wrote.

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