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Business News/ Opinion / Online-views/  Ethanol not the oil substitute
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Ethanol not the oil substitute

Ethanol not the oil substitute

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The signing of an alliance between Brazil and the US on Friday to cooperate in the promotion of ethanol has greatly boosted the prestige of the Latin American nation, but... has raised...tough questions such as, “if Brazil can do it, why can’t we?"

Many believe Brazil’s example in promoting ethanol demonstrates to the world what a determined nation can do to reduce its dependence on petroleum. But the fact is, there are many yet-to-be-resolved questions or myths about ethanol, even though it does have an important part to play as an alternative energy source of the future.

(As) Brazil still consumes far more petroleum than it does ethanol, while in the US ethanol...comprises about 4.2% of gasoline supply it is obvious that ethanol is not the panacea... But Taiwan does need...alternative energy sources... (And) if the government is really serious ...it should...liberalize the energy market as Brazil has done, and... begin serious conservation moves now.

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Published: 12 Mar 2007, 11:59 PM IST
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