Brazil is calling on the US to end its $0.50 a gallon tariff on ethanol. That tariff keeps ethanol exports to the US from being economically viable for Brazil. Given the perception that an ethanol shortage is partly to blame for rising gasoline prices, lifting that tariff sounds like a good idea.
Personally, I'd rather be addicted to Brazilian ethanol than Middle East oil. Speaking of Brazil, the country is essentially energy independent due to its use of ethanol. That means it isn't shipping its currency out of the country. Plus it means energy prices should be much less of a drag on economic growth.
Call your favorites Senator and ask them why they won't let us do what those silly Brazilians are doing.
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