"It would make a lot more sense to drop the tariff, drop the subsidy, and allow Brazilian ethanol into the United States," said Philippe Reichstul, the chief executive of a biofuel company in Sao Paulo. "Pressure on U.S. land will be slashed."s/b
"It would make a lot more sense to drop the tariff, drop the subsidy, and allow Brazilian ethanol into the United States," said Philippe Reichstul, the chief executive of a biofuel company in Sao Paulo. "Pressure on my portfolio will be trashed."Why not buy ethanol from Brazil? Since we're unwilling to put any more petroleum production online due to concerns over ducks, polar bears, and caribou, it seems like a good time to take 40 to 50 per cent of agricultural acreage for corn and literally ship it overseas. What do we care where our food comes from? Hell, if Mexicans would grow corn for our market, they wouldn't be swarming across the border. Having another 2 per cent of the US population unemployed will be good for the economy, much better than tolerating some nakedly socialist scheme to insure a stable US food supply.
Great. Let's encourage even more destruction of the Amazon jungle.
We do buy ethanol from Brazil. They are the largest supplier of imported ethanol into the US. 2/3 of the ethanol we do import comes from them.
U.S. Fuel Ethanol Imports by Country
http://www.ethanolrfa.org/industry/statistics/#F
The tariff is offset by the blender's subsidy making it about neutral for pricing of imported ethanol.
Note: I'm not in favor of the subsidy. I would like to see the tariff applied to all imported energy sources and more encouragement for domestic production of ALL energy sources, not just the ones with the best Congressional Lobby.
The Bum Rap on Biofuels
American Thinker | 5-13-08 | Herbert Meyer
Posted on 05/14/2008 3:59:06 AM PDT by Renfield
http://www.freerepublic.com/focus/f-news/2015711/posts
Campaign to vilify ethanol revealed
ethanol producer Magazine | May 16, 2008 | By Kris Bevill
Posted on 05/17/2008 9:22:13 AM PDT by Kevin J waldroup
http://www.freerepublic.com/focus/f-news/2017389/posts