Brazil’s government go-ahead for Petrobras (PBR -3.6%) to raise its gasoline prices in early...

Brazil’s government go-ahead for Petrobras (PBR -3.6%) to raise its gasoline prices in early 2013 likely will raise demand for domestically produced sugar-based ethanol, but effects also could reach U.S. shores. Ethanol output in the U.S. is expected fall ~10% next year, and a robust export market could give Brazilian mills even more incentive to produce ethanol instead of sugar.

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Comments (4)
  • willpoi
    , contributor
    Comments (6) | Send Message
    More people burning there food for fuel. As a Beef producer I am not sure whether this is good or bad. Most likely bad though.
    21 Dec 2012, 12:33 PM Reply Like
  • chopchop0
    , contributor
    Comments (5271) | Send Message
    bad, unless you're a corn farmer!
    21 Dec 2012, 01:03 PM Reply Like
  • hayekvonfriedman
    , contributor
    Comments (1086) | Send Message
    Government intervention always distorts markets and usually for the benefit of a few to the detriment of the many. Yet we enable it anyway.
    22 Dec 2012, 09:13 PM Reply Like
  • willpoi
    , contributor
    Comments (6) | Send Message
    You're absolutely correct in that notion. I just worry that with the amount of water (irrigation) it takes to have a successful corn crop and the ever diminishing aquifer. We may find ourselves wishing we hadn't converted our water into a combustible source of fuel.
    19 Feb 2013, 12:42 PM Reply Like
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