Ex-CIA head: OPEC can be broken by making oil the new salt

February 1, 2012 17:32


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

The only way to break the OPEC cartel of oil-producing nations is to figure out how to make the commodity as boring as salt, Foundation for Defense of Democracies Chairman and ex-CIA head James Woolsey said at the Herzliya Conference Wednesday.

Salt held a monopoly over meat preservation until the introduction of electricity grids paved the way for refrigeration, Woolsey said. Similarly, he added, oil still has an almost complete monopoly on transportation, and “you can’t live without that next bite of food, which in the US travels an average distance of 1500 miles before getting to you.”

Woolsey said there were four energy sources vehicles can drive on that are cheaper than oil: ethanol, methanol, electricity, and natural gas. He proposed following Brazil’s example, where cars are converted quite cheaply to allow them to run on ethanol, which the South American nation produces from sugar cane to cut down on costs.

Vehicles can be converted to run on ethanol or methanol simply by purchasing an o-ring for around 41 cents from the local hardware store, Woolsey said.

Related Content

Breaking news
August 16, 2018
Woman killed in hit and run near Havat Gilad outpost