Article

2006-05-03 Science & Technology

Asia Times: China gets energized over ethanol. To copy Brazil?

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Posted by 3dc 2006-05-03 19:06|| || Front Page|| [6 views since 2007-05-07] Top

#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">phil_b 2006-05-03 21:05|| http://autonomousoperation.blogspot.com/]">[http://autonomousoperation.blogspot.com/] 2006-05-03 21:05|| Front Page Top

#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|| http://timurileng.blogspot.com]">[http://timurileng.blogspot.com] 2006-05-03 21:48|| Front Page Top

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