| Submit your comments on this article |
| Science & Technology |
| Asia Times: China gets energized over ethanol. To copy Brazil? |
| 2006-05-03 |
| Posted by:3dc |
| #2 I sure hope China adopts ethanol. It means more oil for the rest of us, even as Chinese consumers overpay big time for ethanol. I really, really like the concept of Chinese paying up for ethanol, thereby lowering demand and prices for oil, and implicitly subsidizing gasoline prices for American consumers. |
| Posted by: Zhang Fei 2006-05-03 21:48 |
| #1 "Today, the price of alcool is higher than when the flex system started," said Renato Astur, a salesman with Caoa Ford, a car dealership in Sao Paulo. "Now, the people who buy [flex-fuel cars] don't see a big advantage." That's because it started out as a disguised agricultural subsidy when sugar was less than 5c/lb. It's now 18c/lb. |
| Posted by: phil_b 2006-05-03 21:05 |