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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Snowshoe who wrote (41616)	11/23/2005 4:45:58 AM
From: elmatador	of 206198

$400bn in imports saved. $400bn less for Saddam, Aiatollahs and Sheiks! "The Brazilian economy has saved $400bn in imports since the creation of the National Alcohol Program, and that's without mentioning interest," Luiz Custodio Martins, president of the Sugar and Alcohol union in Minas Gerais, Brazil's second largest sugar-producing state, told the Guardian. producing ethanol from sugar is profitable as long as oil costs more than $37 a barrel - well below its present price. The lower price for bio fuel offsets the 25% higher consumption that consumers report. business.guardian.co.uk

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