Re: Chavez flips on ethanol

Uncle Ben wrote:
On Jul 3, 12:30 pm, DB <a...@xxxxxxxx> wrote:
Uncle Ben wrote:
From Daily Biofuels News Digest, July 3, 2008:
In Venezuela, the state oil company PDVSA has contracted with Brazil's
Dedini to construct four ethanol plants with a total production
capacity of 260 Mgy. The move comes less than one year after Veneuela
voted to support a draft report to the UN General Assembly calling for
a five-year moratorium on the production of ethanol from sugar cane.
In March of this year, PDVSA announced a reversal of the policy,
making a distinction between sugarcane ethanol and ethanol made from
corn, and President Chavez introduced an E7 national ethanol target.
Venezuela said that it plans to build more than 300 million gallons in
domestic ethanol capacity, with a total construction of 14 ethanol
plants . The first four plants will be constructed in Barinas,
Portuguesa, Cojedes and Trujillo states, and will be completed by the
end of 2009.
---------------------
Speculation: Chavez is facing the decline of Venezuelan oil caused by
nationalization (losing the expertise of the best international oil
companies) and age of wells.
Hi Ben,
The declines in Venezuela amount to some 4-5 billion gallons equivalent
a year. From above, they plan some 100 million gallons in a year and a half.

Do you see why press releases have to be questioned?

Best, Dan.- Hide quoted text -

- Show quoted text -

Interesting. I am surprised that Venezuela publishes figures on
their oil production. How did you find your data?

First google hit...
http://www.upi.com/Energy_Resources/2008/01/03/Analysis_Venezuelan_oil_production_down/UPI-35401199373331/

Also where do you get the 100 million figure?

Read the post. 4 of 13 plants by the end of 2009. 300 million total.

Best, Dan.
.

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