Kenneth P. Green at the American Enterprise Institute's blog:
Everyone knows about the great success that Brazil has had in converting its transportation system to rely on homegrown ethanol from sugarcane, allowing it to export oil and enjoy an economic boom, right? But what happens when you simply change your fuel dependency from something pumped out of the ground to something grown on it?Green quotes from (I can't keep myself from typing "No relation," though it makes no sense) the "Green" blog at nytimes.com:
Brazil may import ethanol from the United States in April, Brazil’s oil regulator says. The move comes as a growing number of Brazilian cane farmers choose to produce sugar, which has surged in price over the last year, rather than ethanol, leading to a spike in fuel costs.Green comments,
U.S.-subsidized ethanol production is heading down south to a country whose cheaper homegrown ethanol we won’t import for American motorists. I’m sure that makes sense to someone.Not to me.