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World ethanol consumption has risen from the million’s of gallons in the 1980’s to the billion’s of gallons since the year 2000.
Motorists in the USA are opting to use ethanol; Brazil’s drive for self-sufficiency now accounts for approximately 1/3 of world production
of ethanol; now China and India consume about 1/4 of the world’s production.
The United States uses about 10 times as much oil per capita as less developed countries such as India and China, yet those countries have
almost 10 times as many people as the United States.
As they continue their development, the growth in oil demand will be unprecedented.
The ratio of high quality sweet crude (low sulfur) to low quality sour crude (high sulfur) is progressively deteriorating, increasing
the cost of refining. At the same time, world demand for oil is set to increase 37% by 2030, according to the US-based Energy Information
Administration's (EIA) annual report.
The geopolitical instability associated with terrorism and nationalizations has physically impaired the discovery, extraction and
transportation of oil. There is no short-term expectation that this problem will abate.
There is a desire throuought the world to become more self-sufficient with Ethanol production and mandates for its production, and for
automobiles to be manufactured ready to use it.
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