MondayFeb 18, 2008 6:14 pm
Brazil dominates global sugar cane production, followed by India, which market experts anticipate will produce a record 30 million tons in 2008. Sugar-based ethanol burns cleaner than most alternative fuels, emitting 80% less net greenhouse gases than gasoline; in addition, it produces more energy per equivalent unit. The production efficiency of sugar-based ethanol has nearly tripled since the 1970s – no more fear of shortage. Still, the price of sugar continues to decline as production outweighs demand. One option to increase the value of sugar would be to eliminate import tariffs, reducing our dependency on overseas oil. If the U.S.’s…
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