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Posts Tagged ‘ Boondoggle ’

Brazilian Ethanol Expansion Dwarfs Competition

May 28th, 2008 | By Contrarian Profits | Category: Financial News, International Investing, Oil Investment & Alternative Energy

The Brazilian ethanol export market is rapidly expanding because of sky-high oil prices. While American corn ethanol is widely regarded as a boondoggle, existing solely because of government subsidies, Brazilian ethanol has proven beneficial for the environment and for business.