Ethanol Summit 2009 and President Clinton

When President Clinton made his first of six trips, Brazil was a poor nation that needed to borrow money from its wealthy brother. Today the roles are reversed. The USA now borrows money from the entire world while Brazil has money in its “piggybank”. The decisive change is that Brazil is on the way to becoming self-sufficient in oil and that they export ethanol, while the USA is becoming increasingly dependent on imported energy. Access to energy is decisive for a nation’s future.