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Page added on October 30, 2006

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Clinton Shills For Bad Energy Policy

“With Proposition 87, we can switch to cleaner fuels, wind and solar power,” Clinton says in a political ad, “and free ourselves from foreign oil. If Brazil can do it, so can California.”


But as a matter of fact, that’s not what Brazil did.


It launched a crash program of offshore oil drilling in the late 1990s, working with a Manhattan Project-like determination to develop its own natural resources.
Brazil’s new P-50 rig has boosted output to an average 1.9 million barrels of oil a day, a bit more than the 1.85 million Brazil consumes.


By contrast, ethanol output in Brazil, the world’s biggest producer, is only a small share of its energy consumption.


Last year, the country squeezed out just 282,000 barrels a day mostly using sugar, a more efficient and clean-burning energy source than the corn-based stuff produced in the U.S. But sugar-based ethanol still isn’t as efficient as gasoline.

IBD



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