Summary
Brazilian drivers learned a similar lesson long ago: 77 per cent of new cars can run on ethanol, which accounts for half of all transport fuel consumed in the country. "At this rate," says Antonio Galvao, another pilot, who owns four ethanol-fueled planes, "the gasoline engine is heading for extinction."
U.S. President George W. Bush, who arrived in Sâo Paulo last night to begin a tour of five Latin American nations, has also spent a lot of time thinking about fuel recently. Earlier this year he called for America to cut its projected gas consumption by 20 per cent over the next decade, largely by using more ethanol and other biofuels. Bush implied that most of the 130 billion liters required would be homegrown. At any rate, he has not tried to remove the 54-cent tariff America levies on most imported ethanol in deference to its powerful farming lobby.Nonetheless, Bush and Luiz Inacio Lula da Silva, Brazil's president, are expected to strike a deal intended to boost biofuels. "Ethanol diplomacy" will be a focus of Bush's Latin American tour.See the full content of this document
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Ethanol Diplomacy
U.S. thirst for gas creates opportunities for Latin Americans
The EconomistAS a pilot and the owner of an air-taxi service in Brazil's grain belt, Joel Rosado spends a lot of time thinking about fuel. So when the price of oil began rising a few years back, he ordered a new crop duster designed to run on ethan...See the full content of this document
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