America has a new political problem — the Organization of Petroleum Exporting Countries, or OPEC.  

According to a new article from the Financial Times, internal political struggles are redefining how the cartel sets policy. As FT Commodities Editor Javier Blas notes, it is the rogue nations such as Iran and Venezuela that are seeking to keep oil prices above $100 per barrel to help balance domestic balance sheets after years of "rampant military spending" and other domestic investments.

The fact that nations with expressed disdain and desire to harm Americans and our allies are driving OPEC policy and holding the world oil market hostage should be a compelling reason to stop dragging our feet on investments in domestic renewable alternatives. 

The following is a recent post on the RFA blog, The E-xchange:

“Just when America had all it could handle with the intense political struggle on Capitol Hill and around the country, a new column by Financial Times Commodities Editor Javier Blas tells us that the internal politics of the Organization of Petroleum Exporting Countries, or OPEC, may be far more troublesome.