The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Bloomberg TV Examines Oil Dependency and Ethanol

Editor's Note: They should be exploring wind energy and hydrogen - the solutions to America's energy problems.

NEW YORK, June 29, 2006: Last night Bloomberg Television premiered a half-hour special report "The Ethanol Fix: Breaking America's Addiction to Oil." The report will featured an in-depth look into the economics, politics, and public policy of ethanol as an alternative to oil.

With gasoline at $3 a gallon and oil hovering around $70 a barrel, many people are talking about one alternative fuel that could cut U.S. dependence on foreign oil: Ethanol. In this half-hour special report, "The Ethanol Fix: Breaking America's Addiction to Oil," BLOOMBERG TELEVISION anchor Carol Massar and producer Ramona Duoba reveal how much money is being poured into ethanol today -- from companies like Goldman Sachs to investors such as Bill Gates and whether the economics of ethanol make sense. They travel to Brazil to explain how that country has used ethanol made from sugarcane to virtually eliminate its need for foreign oil. And they ask the heads of the U.S. automakers how committed they are to producing flex fuel vehicles here in the U.S. Ultimately, it is the price of ethanol and gasoline, and not politics, that will fuel consumer demand and the future of ethanol.

"The Ethanol Fix: Breaking America's Addiction to Oil" will be repeated tonight, Thursday June 29th, at 8:00 p.m., 10:00 p.m., 12:00 a.m. Eastern Time, and again Tuesday, July 4 at 7:00 a.m., 10:00 a.m., 1:00 p.m. and 4:00 p.m. Eastern Time.