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Brazil is not dependent on foreign oil
In Brazil, it's ethanol production is more than enough to meet it's own domestic needs and it has the capacity to export it's ethanol Brazil's ethanol fuel is produced from sugar cane which is a more efficient source of fermentable carbohydrates than corn as well as much easier to grow and process. Brazil has the largest sugarcane crop in the world, and besides ethanol, it also yields sugar, electricity and industrial heating. Sugar cane growing requires little labor, and government tax and pricing policies have made ethanol production a very lucrative business for big farms. Brazil is also fortunate that sugar is the cheapest way to make ethanol and Brazil has the right conditions for growing the crop -- plenty of land, rain and cheap labor With oil prices at historical high, Brazilian motorists rejoice at being able to fill up their autos on 100 percent ethanol. It could lead to Brazil drastically reducing its dependency on oil and becoming a world leader in the export of renewable fuels. The price of Crude oil has soared above $70, hitting an all time high of $80 this year. It is unlikely to go back to pre $40 level again due to the ever increasing demand of oil all over the world. Countries like China and India have emerged to be one of the mega powerhouse consumers of oil. But amidst this energy crisis, Brazil is at the forefront of alternative fuel or biofuel movement. A 30 years alternative energy campaign has outfitted Brazilian filling stations with fuel pumps that offer pure ethanol. This year, Brazil will achieve energy independence Brazil's ethanol program started in 1975, when soaring oil prices around the world put a drastic burden on the economy. In response, the country's military rulers launched an effort to free themselves from dependence on foreign oil by developing alternative fuels. Ethanol made from sugar cane was an obvious candidate, given Brazil's almost endless amount of arable land and favorable climate. The journey was met with many hurdles today, Brazil is the become the only country to be not relying of foreign oil and the world leader in ethanol production. Brazil today has the physical capacity to export annually 2.2 billion gallons of ethanol Countries with large fuel bills such as India and China are following Brazil’s progress closely. While countries like Japan and Sweden are importing ethanol from Brazil to help fulfill their environmental obligations under the Kyoto Protocol. Brazil estimates that it's ethanol exports may double to $1.3 billion in 2010 from $600 million in 2005, largely to Japan and Sweden snippet of article Click here for Full Article
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