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American Ethanol

The Indy Racing League (IRL) announced on November 18, 2008 that the official ethanol supplier would be the Brazilian trade promotion agency APEX-Brasil. The move from an American fuel supplier to a Brazilian based supplier has caused quite a stir especially among ethanol supporters and corn growers.
I have waited to comment on this situation to give it a little time to let the facts come out. I thought that maybe Brazil wanted the deal more and simply out bid domestic producers but that doesn't appear to be the case.
The first hint that the IRL was on defensive about their decision was when they attempted to spin their justifications behind the decision in a recent press release.
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