SOURCE: Fuel Freedom Foundation
NEWPORT BEACH, CA--(Marketwire - Oct 22, 2012) - Fuel Freedom Foundation officially launched its campaign to end America's oil addiction with a major event held at the home of Eyal Aronoff in Newport Coast on October 20. The day's activities brought together leading experts and supporters who share a commitment to opening markets to competition from replacement fuels for gasoline.
Fuel Freedom Foundation was founded by Eyal Aronoff and Yossie Hollander, with the belief that the markets are the solution to ending America's oil addiction. If the markets are open to replacement fuels like ethanol, methanol and natural gas, this will break the monopoly on global oil, eliminate our dependence on foreign oil, and end America's addiction to oil.
The Oct. 20 event, attended by more than 500 guests featured remarks by Aronoff and Hollander, as well as Fuel Freedom Advisory Board Members R. James Woolsey, former Director of the Central Intelligence Agency; Peter Goldmark, former Rockefeller Foundation President; Gal Luft, Co-director of the Institute for the Analysis of Global Securitas; and friend to Fuel Freedom Foundation John Hofmeister, the former CEO of Shell.
"The high cost of oil impacts our economy, our families, our national security, our environment and our health," said Aronoff. "We founded Fuel Freedom because it's time to introduce cheaper, cleaner, healthier, American-made fuels, like natural gas, ethanol and methanol into the transportation fuel market. With these fuels, we could have $2-a-gallon transportation fuel tomorrow. We are asking all Americans to stand with us to end our nation's addiction to oil."
"We have the support of the most influential business leaders, environmentalists, national security experts, intellectuals and thought leaders in America, all of whom believe the absence of competition in the fuel market is the biggest threat facing America today," said Hollander.
Stray Cats' Lee Rocker and Los Lobos performed at the event, and Sir Richard Branson offered his support for the launch of Fuel Freedom with a video appearance. Also featured were segments of an upcoming documentary by award-winning filmmakers Josh and Rebecca Tickell, and the winning videos from Fuel Freedom's first video competition, held in partnership with Chapman University's Dodge College of Film and Media Arts.
Earlier in the day, University of California, San Diego economist James Hamilton joined Woolsey, Goldmark, Hofmeister and Luft at a luncheon where they addressed topics central to the fight to end America's addiction to oil. Subjects included rising global oil prices over the next decade, which will cripple the U.S. economy, the threats to U.S. national security posed by oil, and the rapid development of replacements fuels as a realistic solution to oil independence.
About Fuel Freedom
The Fuel Freedom Foundation is a nonpartisan, nonprofit organization dedicated to breaking the U.S. economy's oil addiction by powering our cars and trucks with cheaper, cleaner, healthier American replacement fuels. Consumers could easily convert their cars to run on replacement fuels for gasoline, but outdated regulations and entrenched commercial interests stand in the way. The Fuel Freedom campaign aims to remove barriers to competition so that natural gas, methanol, ethanol and electricity can compete on equal footing with gasoline at the pump and at the dealership. Achieving Fuel Freedom will lower fuel prices, create jobs, spur economic growth, reduce pollution, and improve national and global security. For more information, go to the Foundation's website at www.fuelfreedom.org; Facebook: FuelFreedomFoundation; and Twitter: @FuelFreedomNow.