Quote:
Originally Posted by Finnster
We do produce tons of corn, but most of that sugar just goes into food or cattle feed. I would guess there are tariffs to protect our corn industry from cheaper cane produced ethanol. Also, I think I saw Brasil was a little pissed back in 2008 that the US may come into the market and buyout the EtOH as our gas prices were skyrocketing, and we are such a large and wealthy market. It was feared we'd just buy up Brasil's supply, leaving the people there w/o the fuel they need (and can't switch to oil easily.) Prolly some protectionism on both sides.
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Brasil has plenty of surplus. Every year, they decrease the price of Ethanol in Brasil due to the surplus. Plus, Brasil hardly imports any petrol, we have plenty of that too. All I'm saying is that the US was going to import more Ethanol from Brasil, but US changed their minds and posted a 100% duty on Ethanol from Brasil. How do I know this? My family was pissed when they produced a bit more thinking the US was going to buy our Ethanol, which didn't happen. Who knows, maybe more conspiracies to go around
.
I love
this forum
. Also, don't drink Ethanol
. Many people got really sick when Brasil made the switch thinking it was plain simple Alcohol
.