Fuel Freedom to Gaffney: Price of oil is what matters
Americans often get caught up in where we get our oil, convinced that the goal should be to reduce our dependence on imported resources.
Although that’s an admirable goal, the origin of the oil we use isn’t as important as the fact that it’s too expensive, Fuel Freedom chairman and co-founder Yossie Hollander said this week on Frank Gaffney’s “Secure Freedom Radio” show.
To listen to the entire segment, click the player below:
Gaffney, who’s also a Washington Times columnist, began the segment with Yossie by asking whether the United States is “too dependent on world energy supplies, and the possibility that they might be interrupted.”
“I think people sometimes mistake the issue of dependency on oil as an import issue or an export issue,” Yossie replied. “The problem is the price. If oil was $1 a barrel, we wouldn’t mind if we imported it from anywhere in the world, because it wouldn’t fund anything that was operating against us.”
This line of thought highlighted one of the key pillars of Fuel Freedom’s message: That the wealth created by expensive oil often ends up underwriting violent extremist groups.
“If we reduce the price of oil to $50, $60 a barrel, then we can de-fund those elements,” Yossie said.
The price of Brent crude rose by $1.26 on Friday, to $103.40 a barrel, largely on concerns about the conflict along the Russia-Ukraine border.
Yossie explained that the solution is to “allow us choice at the pump” by forcing gasoline to compete with other fuels like ethanol and methanol. Alcohol fuels can be processed from a variety of resources widely available in the U.S., including corn, natural gas, garbage and biomass.
“We have so many resources that can produce liquid fuels that are cheaper than gasoline by at least a dollar a gallon,” he said.
Asked by Gaffney what needs to happen to clear the way for competition, Yossie said:
“I think what we’re promoting the most is the ability to covert your car. We figure that most of the cars built in the last 20 years can probably be converted to run on various liquid fuels, all in the same tank. And that can be done for less than $300 per car, if the regulations allowed it.”
All of these issues are laid out in the Fuel Freedom-produced documentary, “PUMP,” coming to theaters in September. Which Gaffney is eager to see.
“Fuel choice is the name of the game, it seems to me,” he said. “I think this is a tremendously important initiative. I look forward to seeing the movie.”
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