Stunning news: OPEC is beginning to fear biofuels

Interesting, fascinating and even stunning news for those who have heard of the simple, yet elegant First Law of Petropolitics.
According to Inside Fuels and Vehicles, a report from the Organization of Petroleum Exporting Countries (OPEC) shows that a ‘most likely’ long-term scenario for its future as a cartel is based on alternative fuels entirely displacing oil by 2050. Apparently, the strategy think tanks of one of the world’s most powerful organisations are beginning to take the potential of biofuels extremely serious.

According to the report, an official with the cartel’s long-range planning group predicts that “the value of a barrel of oil in 2050 will be zero.”
Biopact.