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US-Chinese cooperation could crack OPEC cartel

Posted on 10 January 2013

OPEC power will only be broken if the US and China cooperate in developing alternatives to oil for transportation. “The power of the OPEC cartel will only be broken if the US and China cooperate in developing alternatives to oil for transportation,” Institute for the Analysis of Global Security co-director Dr. Gal Luft said.
He said that this could be achieved by developing fuels based on natural gas and coal, such as methanol. “So long as the transportation industry is based on oil, OPEC will continue to sit in the driver’s seat of the global economy, no matter how much oil is produced in the world,” said Luft………………………………………..Full Article: Source


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