Friday, February 23, 2007

Brazil energy story

Brazil has doubled its domestic oil production in the past decade, from one to two million bbls per day. Brazil relies on ethanol for 15 percent of its transportation needs. Brazil is the fifteenth largest oil importer in the world . Brazil imports 572 thousand bbls a day. The largest reasons for a decline in Brazilian reliance (which still exists) on foreign oil is increased domestic production. Ethanol production on the scale of Brazilian effort would provide about 2 per cent of our transportation needs. .To all who may be offended by these facts google it yourself, i'm just tired of the constant refrain "brazil is energy independent through ethanol".


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