Yesterday, President Reagan’s National Security Advisor Bud McFarlane told a Washington conference that – all other things being equal – the price of oil is going to rise by 2014 from $125 per barrel today to over $200.
If that happens, we’ll see gas at the pump selling for about $7 a gallon, an economy in serious recession and the transfer of countless billions of additional petrodollars to some of America’s worst enemies.
We have an alternative: Add methanol – an alcohol derived from, among other things, natural gas – as a fuel for our cars. It turns out this can be done quickly and relatively inexpensively, if we have the will to do it. My bet is we’ll do it later if oil costs way more and its availability plummets. Why not do it now?
This is Frank Gaffney with the Secure Freedom Minute. Learn more at SecureFreedomRadio.com.