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Argument: Ethanol is a means to reducing foreign oil dependencies

Issue Report: Corn ethanol

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  • Ethanol.org. Retrieved 1.25.08 – “American-made, renewable ethanol directly displaces crude oil we would need to import, offering our country critically needed independence and security from foreign sources of energy.
Current U.S. ethanol production capacity of 6 billion gallons per year can reduce gasoline imports by more than one-third and effectively extends gasoline supplies at a time when refining capacity is at its maximum.
According to the Energy Information Administration, the 7.5 billion gallon ethanol production level minimum set in the Renewable Fuels Standard could reduce oil consumption by 80,000 barrels per day.
Ethanol is key to reducing our country’s trade deficit in crude oil, a figure that has been steadily increasing: $27 billion in 1987 up to $100 billion in 2002. The U.S. Commerce Department estimates that each $1 billion of trade deficit costs the U.S. 19,100 jobs.”