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The Good Side of Ethanol

06/16/08 11:08

Widely criticized to be the reason why food prices are soaring around the world, ethanol seems to be working well for one of its pioneers--Brazil.

While oil prices are going down in the rest of the world, it is going down here in Brazil, thanks to its twenty thousand acres of land devoted to growing sugar cane for ethanol production. This multi-billion dollar industry is one of Brazil's sources of pride, and I won't be surprised it if becomes the next Middle East.

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