analyze the geopolitical importance of oil, nuclear and ethanol industries evolution in Brazil, highlighting trends and …

ubiquitously distributed alternative to oil-based fuels in road transportation: ethanol from sugarcane. Perhaps unsurprisingly, the … industry which incorporates arbitrage by producers, across domestic and export markets for ethanol and sugar, and arbitrage by … consumers, across ethanol and gasoline at the pump. We show that the model stands up well to the empirical covariation in prices …