Biofuels "will raise oil prices"
Submitted by looka on Fri, 2007-06-08 13:16.
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yet another non-IT FUD:
Greater use of plant-based biofuels will push oil prices "through the roof," according to the Organisation of Petroleum Exporting Countries (Opec).
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Well that makes sense.
Well that makes sense. "Don't buy from my competitor, or else I will make my product more expensive!".
If competition causes prices to rise, the market obviously isn't free. Maybe it would be smarter for the OPEC to shut up as not to draw attention to their cartel?
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