“Technology is a real enemy for OPEC” (Sheikh Ahmed Zaki Yamani, former Saudi oil minister)
OPEC is celebrating its fiftieth birthday and the world should take note. OPEC certainly will. Through the cartelization of the world’s most strategic commodity, oil, it wields inordinate power built with the wealth of world oil consumers. This needn’t be the case. Solutions exist today in the form of technologies readily adaptable to petroleum-fired combustion engines. Alternative fuels exist which can compete with the cost per gallon of a gasoline-driven vehicle. But political inertia, among other barriers, has inhibited individuals and nations alike from breaking oil’s stranglehold over transportation fuel. Oil still rules. Clearly, it is time to break this paradigm.