[Santiago]

I have to agree with AT about Brazil, A friend goes down there a lot and said they're pretty much independent of foreign oil due to the Ethanol production which they started many years ago.

Also on a business trip last month to Louisiana, many of the people down there were all talking about the new ethanol refineries being built and that a lot of the cotton farmers were seriously considering when not if to switch to corn.

Ethanol is going to happen here in the US. Whether it'll be owned by the oil companies or not, I don't know. Distribution and infrastructure problems still need to be addressed, but realistically it won't be any cheaper.