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Ethanol - What is the story?
Watching "west wing", and they are saying it is stupid. But I spend time in Brazil, and they are selling it for 1/2 the price of gasoline there. People are buying cars that run on it. Brazil is an oil neutral country so they do not need to do this unless it makes sense. They do not have money to throw at ethonal subsidies. Their sugar is sold world wide so it is not looking for a market for it. Sugar has gone up 100% since the oil crunch because they are converting so much to ethanol now.
So why is not good for the US too? What is the story on this stuff?
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