Biofuel Blowback in Brazil

Lula, the leader of Brazil, has really done a lot to promote the use of ethanol and now Brazil is a major exporter of biofuels.

His South American neighbors, exporters of oil, are not so pleased. It is interesting to look at their arguments because if biofuels really take off here in the U.S., these are the kinds of things that oil companies will also say:

• Biofuels cause starvation
• Biofuels cause global warming and kill much-needed forests
• Biofuels raise food prices.

Biofuel opponents are actually saying that people will starve because of biofuels. That's funny. And a signal of how desperate oil companies are to maintain the status quo.