Brazil Leading Effort to Boost Ethanol Use
A new article at Yahoo explains how Brazil is leading the effort to boost ethanol Use.
The main points in the article are
I am biased in this as I have interest in cane farming as we have around 60 small cane farms on our tribal land
The main points in the article are
- Renewable fuel is used to power seven of every 10 new Brazilian cars
- Bush has set 2025 as the target date for replacing three-fourths of the oil imported from the Middle East with American ethanol
- Brazilian drivers turned to "flex-fuel" cars, buying ethanol at half the price of gas until late last year.
- Some experts predict flex-fuel car sales will reach 90 percent of Brazil's new car market within several years
- many American drivers don't even know their vehicles can run on E85, and the fuel is available at only 610 American filling stations
- Ethanol remains cheaper than gas, but flex-fuel car drivers can get better fuel efficiency with gas when the price difference between the two narrows significantly.
- Oil could drop to $35 or $40 per barrel, and ethanol producers would still make money.
I am biased in this as I have interest in cane farming as we have around 60 small cane farms on our tribal land
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