OPEC not amused about Bio-ethanol

Posted by Oilism.com on October 25th, 2007 at 03:36pm

According to a recent publication the oil-producing countries, further OPEC, is becoming more nervous about the rise on Bio-ethanol products, in spite of that the impact is as yet limited for now. The fear of the oil-producing countries OPEC is remarkable. The influence of Bio-ethanol is still very limited, as it happens, – and that remains provisionally this way, according to the international Energy Agency (IEA) in its World Energy report.

The produced quantity of crude oil increases, however, the share of Bio-ethanol fuel amounts in 2030, still no longer than seven percent. The risks according to the Opec is motivated by the split in which the trust finds oneself. In one hand the Oil producers and refiners are asked to produce as much oil as possible to satisfy to the enormous energy question, on the other hand especially the west tries to reduce the dependence of the same OPEC by giving full commitment on green diesel and petrol. Those who must fear most of all for the up rise of bio energy are the poorest people in the world: they see the price of food sharply increasing because for example wheat disappears more and more as fuel in the tank of cars.

Under Crude oil+ Fossil fuels+ Fuel Oil+ bio ethanol+ energy prices