Quote:
Originally Posted by carbnjunkie
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No. I don't believe it.
First: I think that the impact on the fuels market of biofuels is minor today so what is the risk, if any, to OPEC.
Second: If the biofuel threat is somehow real now or in the future, the response to maintain market share and thus profit is for OPEC to
lower prices. Otherwise they will only increase the profitability of the competition.
I would love my competitors to raise their prices!