The agreement could lead to substantial growth in the ethanol industry in Brazil as technology and manufacturing equipment developed there is exported to other countries in the region.Of course ethanol produced from sugar is the only reasonable way of creating this bio-energy. Using corn for ethanol is inefficient, expensive, and robs the world of food supply. But you know that ADM will be exerting all the pressure possible to stop or limit such a deal.
Much of the ethanol produced there is made from sugar cane and is far cheaper to produce than the corn-based ethanol that has been nurtured by protective tariffs and government mandates in the United States.
But the agreement has already begun to prompt complaints from politicians from corn-producing regions of the United States. They fear that the plan would lead to an increase in imports of cheap foreign ethanol and undercut American producers.
By increasing ethanol production and consumption, particularly in countries that produce sugar, officials of the Bush administration hope to reduce the region’s overall dependence on foreign oil and to take some of the pressure off oil prices.
I'm a very lucky person with every allergy known to man but still happy to be enjoying a wonderful life living in the best place in the world!