Breaking OPEC's Stranglehold

Wednesday, May 9, 2012

Guy Rodgers, the Executive Director for ACT! for America, wrote an article about the Open Fuel Standard which was published in the Wall Street Journal. The article is entitled Duel-Fuel: Driving With Methanol. Rogers wrote:

In James Freeman's "Weekend Interview with Aubrey McClendon" (April 28), Mr. McClendon states that natural gas could break the stranglehold OPEC has on our economy in 10 years. Actually, it could be sooner than that — if Congress acts on legislation titled the Open Fuel Standard Act.

This bill requires that, within five years, 80% of all new cars manufactured for sale in the U.S. be duel-fuel capable, which includes methanol. The cost to do this would only be about $70 to $100 per car. The methanol requirement is what is unique. Methanol can be made from everything from garbage to coal to natural gas. Given America's abundant coal reserves and the explosion of extractable natural gas reserves, we could see a day in the not-too-distant future when most drivers choose to fuel their cars with methanol made from domestically produced resources.

As Robert Zubrin, author of "Energy Victory," has demonstrated, at today's spot prices for oil and methanol, the typical driver would save 40% using methanol. Thus, the Open Fuel Standard would be good for family budgets, good for our economy and good for our national security. All that is necessary is for Congress to take action.

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