Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel
Green Car Congress
AUGUST 30, 2009
The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. The level was raised to 25% over the next five years, which was intended to maintain a constant Brazilian gasoline supply for an ever-increasing demand.