|OPEC made a trillion dollars in 2012|
The result of high oil prices is the largest transfer of wealth in the history of the world — from the free world to some of the worst regimes on Earth (and the wealthiest rulers in history).
The only thing keeping this whole game going is an artificial limit on our cars. Internal combustion engines can burn ethanol, methanol and gasoline in any proportion with a minor tweak to the fuel delivery system. The Open Fuel Standard would make that tweak mandatory, and thus create a free market and break the monopoly.
There may have never been such a small change that could bring about so many significant benefits.