Saturday, November 16, 2013

The Prime Minister of Israel Says "We Can Break Oil's Monopoly"

Prime Minister Benjamin Netanyahu spoke at the Fuel Choices Summit in Tel Aviv (November 12th and 13th, 2013) about Israel's role in breaking oil's monopoly in transportation. He called for the creation of a Joint Alcohol Fuel Alliance (JAFA) where the major alcohol-fuel economies of China, U.S. and Brazil would join forces to break the "oil monopoly created by volatile countries" in the Middle East. Watch his speech below. The first six minutes of the video are comments about Iran. The comments on oil start at 6:15.

At the summit, a one million dollar prize was awarded to George A. Olah, a Nobel laureate, and G.K. Surya Prakash, for their "Innovation in Alternative Fuels." You can read more about their work here.

Many prominent leaders were attending this summit, and PM Netanyahu acknowledges many of them by name in his opening remarks.

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