Open fuels standard would help cut OPEC's clout

04/1/2013 | Platts

An open fuels standard could offer a compromise between biofuels and fossil fuels, while breaking the virtual monopoly of the Organization of Petroleum Exporting Countries over the transportation fuel supply, writes Gary Gentile. "We can't break [OPEC's] monopoly position in the oil market, but what we can do is break its monopoly position over the transportation fuel market by opening cars to fuel competition," said Anne Korin, a director at the Institute for the Analysis of Global Security.

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