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    Tonight at 8 p.m.: Bloomberg TV Examines Oil Dependency, Ethanol

    Special report will explore the economics, politics, and more behind U.S. dependency.

    NEW YORK -- Bloomberg Television will premier a half-hour special report entitled "The Ethanol Fix: Breaking America's Addiction to Oil" on Wednesday June 28 at 8 p.m. Eastern Time, hosted by anchor Carol Massar. The report will feature an in-depth look into the economics, politics, and public policy of ethanol as an alternative to oil.

    With gasoline at $3 a gallon and oil hovering around $70 a barrel, many people are talking about one alternative fuel that could cut U.S. dependence on foreign oil: Ethanol. In this half-hour special report, "The Ethanol Fix: Breaking America's Addiction to Oil," Massar and producer Ramona Duoba reveal how much money is being poured into ethanol today -- from companies like Goldman Sachs to investors such as Bill Gates and whether the economics of ethanol make sense. They travel to Brazil to explain how that country has used ethanol made from sugarcane to virtually eliminate its need for foreign oil. And they ask the heads of the U.S. automakers how committed they are to producing flex fuel vehicles here in the U.S. Ultimately, it is the price of ethanol and gasoline, and not politics, that will fuel consumer demand and the future of ethanol.

    "The Ethanol Fix: Breaking America's Addiction to Oil" will air on Bloomberg Television Wednesday June 28 at 8:00 p.m. Eastern Time, and will be repeated at 10:00 p.m. and 12:00 a.m. Eastern Time, Thursday June 29 at 8:00 p.m., 10:00 p.m., 12:00 a.m. Eastern Time, and Tuesday July 4 at 7:00 a.m., 10:00 a.m., 1:00 p.m. and 4:00 p.m. Eastern Time.

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