Partnership to Produce Ethanol

The United States declared that they will be joining with Brazil to form a global ethanol market. Expanding the world ethanol markets would help the USA and other nations reduce their dependence on foreign oil. The USA and Brazil produce more than 70% of the world's ethanol; the U.S. supply comes mainly from corn, while Brazil taps its abundant sugar cane crop. Undersecretary of State, Nicholas Burns, said that one of the motivations is Bush's goal of reducing U.S. gas consumption by 20% over the next decade. Bush has touted ethanol as a way to wean the USA off ,what he refers to as, its "addiction" to oil. Do you think this partnership would be beneficial to both countries and would succeed in decreasing America's dependence on foreign oil?