President Ronald Reagan’s national security adviser argues that American vehicles should be flex-fuel ready, capable of using methanol as well as gasoline, to counter rising oil prices that threaten to plunge the nation back into a recession.
Robert McFarlane served as Reagan’s national security adviser from 1983 to 1985, and is the co-founder of the United States Energy Security Council, a nonprofit organization committed to energy security.
Writing in Friday’s Wall Street Journal
, McFarlane notes that new discoveries of huge amounts of natural gas embedded in shale deposits in several states can be used to make methanol, a clean and safe liquid fuel.
And new cars and trucks can be adapted to burn methanol, ethanol, gasoline or any combination of the three for less than $100 per vehicle.
It has been estimated that producers can deliver an amount of methanol fuel equivalent to the energy in a gallon of gasoline for about $3.
“But we must get busy, because we’re about to face additional upward pressure on the price of oil,” McFarlane writes.
The price of oil could rise to more than $200 a barrel in the next two to three years, and at that price “we will go back into recession and stay there for a long time,” according to McFarlane.
He urges passage of bills now pending in both houses of Congress that would require car makers to produce flex-fuel ready vehicles.
See Christopher Ruddy’s article on flex fuels — Click Here Now.
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