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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: upanddown who wrote (100733)	5/11/2008 12:34:28 PM
From: elmatador	Respond to of 206085

By 2025, Brazil hopes to supply its own energy needs entirely with ethanol and produce enough of a surplus to fuel 5 percent of the world. "Our production costs are unbeatable," Lula said. When asked about European plans to increase the production of biofuels at the expense of food crops -- grains in particular -- Lula said Europe should leave biofuel production to others. "It can be done better by us and the Africans," he said. Right now, Europeans and Americans are trying to turn corn and sugar beets into fuel -- a far less efficient process than that used for sugar cane. The results are higher food prices around the world. spiegel.de