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Rumours of massive "plot" re: Ethanol
The push is on (by the oilman president, no less) to adopt Ethanol
(derived from corn)
as a gasoline subsitute. But, as it turns out, the massive
agribusiness lobbies
may be behind it all. Apparently, more efficient sugar cane produced
ethanol from Brazil
could be pumped into the U.S. at much lower prices, but there are (so
much for free trade)
high tariffs put on it by the American government. So, will Americans
dispense with
$2.40 cent gasoline for $3.98 ethanol? Will the agricultural
industries in America become
as strong and thuggish as those in France? Will market-driven downward
pressure on prices
(you know, from competition?) drive down the price of ethanol, or will
the farmers be rioting
in Washington like they do in Paris every year?
Stick with gasoline, the price of ethanol is not worth it.
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