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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: THE ANT who wrote (20173)	10/18/2004 1:59:18 PM
From: Horgad	Read Replies (1) of 110194

They use to subsidize ethanol production from sugar cane by pegging the price of ethanol to the price of gasoline. This all started in the 70s during the last oil crunch. At that time they were importing about 75% of their oil. More recently, they were forced to abandon the peg on the ethanol price because oil got too cheap and it was costing the government a fortune. Now I assume (I couldn't find anything recent), they are back to using more ethanol. Interesting stuff.

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