The Inter-American-Development Bank says the US should promote ethanol in Latin America, as way of helping to meet Bush's call for 35m gallons in the near future.
Interestingly, the bank's President Luis Alberto Moreno, who got an op-ed piece in the Miami Herald recently pointed to the effect that Bush's policy will have on food prices.
According to the Temas blog:
Moreno argues that the trying to reach President Bush's recently announced goal of replacing 20% of oil imports with biofuels only domestic corn-based ethanol is unworkable, and likely to lead to higher corn and corn-based product prices, substantial government market intervention and "protectionist maneuvering."
And we wouldn't want that, unless we're lobbyists, of course.
Comments (1)
Simon, thanks for the kind mention. Was beginning to wonder if I'd ever see you back at The Temas Blog. Kept mentioning biofuels, biogas, etc. (they are recurring themes in Latin America & the Caribbean these days!) but no reaction from Simon... LOL
Take care and keep up the good work. I read your blog daily.
Regards,
Keith
Posted by Keith R | February 14, 2007 6:57 PM
Posted on February 14, 2007 18:57