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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (29083)	5/1/2005 8:20:39 AM
From: John Carragher	Respond to of 116555

Brazil first started using nongasoline-powered cars during the global oil crisis in the 1970s, aided by government subsidies and tax breaks. Sugar millers also benefitted, getting funds to refine sugar cane into ethanol. After an ethanol shortage in the 1990s, fewer than 20 percent of Brazil's autos run exclusively on alcohol, but all gasoline in the country has a 25 percent mix of ethanol, the Times reports. According to analysts in Brazil, ethanol consumption is expected to reach 3.58 billion gallons this sugar harvest season. A fuel mix of 85 percent ethanol and 15 percent gasoline, known as E85, is available in at least 22 states of the U.S., mainly Minnesota and midwestern states. By contrast, in Brazil, ethanol is available at almost every service station. Notes an auto sector analyst: 'It may take a while, but there's no doubt that flex-fuel technology will eventually be used in other countries. It's too good an idea not to be exported.'" aiada.org dec 04