oilsands

Brazil's New Oil Wealth: Three ETFs to Watch

Good article.
I'm not even sure what Gravity404 is trying to say about green. Hydro is green. They are successful with the ethanol; it enables them to export rather than import oil. Yes there are better solutions, but they accomplished a major coup by doing what they did. Their solution is not ours in detail, but we have numerous ways to use existing technology to reduce our oil imports; to stop eroding our dollar.
If we quit giving tax subsidies to oil companies, the true cost of gasoline would speed up the transition toward alternatives. Converting engines to natural gas, starting with truck fleets is a sensible solution. UPS began doing it years ago because it made financial sense.
And no we can not drill our way out of this problem. There is still worldwide competition for both equipment and trained manpower in the oil industry. Soon the price of oil will rise as the very high costs of recovery from the remaining locations are factored in.
Our weak dollar is the result of total national stupidity on so many fronts. It didn't begin last January. During the Bush administration the Canadian dollar rose from .65 US to 1.10 US.
The ridiculous belief that we can survive with a consumer economy is a large part of why we are in trouble.