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WATCHING THE WORLD: Of chopsticks and ethanol

06/11/2007
Is the oil and gas industry shaking? Maybe not, but Iowa corn growers could be doing so after billionaire investor George Soros last week called on the US and Europe to drop tariffs on imports of Brazilian ethanol. Indeed, Soros said major investment to ramp up Brazil’s ethanol production is at risk unless the US and Europe cut tariffs on imported ethanol.“Unless the markets of the world are opened up, you probably have too much production coming on line,” Soros said at Brazil’s premier annual gathering of ethanol producers.It’s no surprise that Soros would say such things, given the fact that he has joined Brazilian investors in a $900 million plan to buy su...
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