John W. Rich, Jr.: OPEC Decision to Cut Production Hurts American Families During a Time of Economic Distress
Leader in Coal to Liquid Effort Says OPEC Policies Are Ill-Advised

 

GILBERTON, Pa., Dec. 17 /PRNewswire-USNewswire/ -- In response to the announcement from OPEC that oil producing companies will cut oil production to force oil prices to remain high, John. W Rich, Jr., CEO of WMPI PTY., LLC, issued the following statement:

"OPEC's decision to cut production is an arrogant attempt to manipulate energy prices in the United States. American families cannot afford higher energy prices and Americans cannot afford to continue to rely on OPEC countries for our energy needs. The best way to fight this kind of economic terrorism is to support homegrown energy solutions like waste coal and biomass to diesel that will create jobs here at home, develop a new energy industry and stop the export of US dollars to foreign oil barons."

John W. Rich, Jr. has been a leader in the energy sector for decades and he is the CEO of WMPI PTY., LLC in Gilberton, PA. For over a decade his company has been leading the drive to build a coal to liquid fuels industry in the United States. Rich is proposing utilizing new technology for the gasification of existing waste coal intermingled with traditional biomass feedstock to produce an abundant supply of domestic liquid transportation fuels that will displace the foreign oil we are importing at the rate of $1 billion per day.

To learn more about John Rich's plan to produce liquid fuels from coal and to end the United States reliance on foreign oil, visit http://www.ultracleanfuels.com/.