LNPR Capital®
LNPR Capital®

@LnprCapital

5 Tweets 1 reads Jan 21, 2023
The Ethanol Policy is flawed !!
The bad economics of ethanol are clear, and the bad environmental science behind its usage is even more evident. Brazil has a large sugar and corn market, so they have long used ethanol.
@LuckyInvest_AK
They also provided a test case for what happened when it got too expensive in the early part of this decade - planting corn for food was overtaken by corn for ethanol in the U.S. and that gave Brazil a better export than domestic market for all their ethanol & costs rose sharply
so one million flexible-fuel vehicles in São Paulo switched back to gasoline. As a result of going back to gasoline, ozone levels dropped by 20 percent.Environmentalists who once demanded ethanol are now opposed to it. Farmers looking at the prospect of selling 2 billion more
bushels of corn are all for it. The public should be perplexed. If the goal is to give domestic farmers a financial boost during a trade war, it would be cheaper for the govt to just cut farmers a check.Then the future would not be saddled with this alternative energy boondoggle.
Source @ACSHorg

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