Environmental Working Group Report Says Taxpayers Seeing Little Benefit From Government Investment in Ethanol
Biofuels Journal
Date Posted: June 15, 2010
Washington—Between 2005 and 2009, U.S. taxpayers spent a whopping $17 billion to subsidize corn ethanol blends in gasoline.
What did they get in return?
A reduction in overall oil consumption equal to an unimpressive 1.1 mile-per-gallon increase in fleet-wide fuel economy.
Worse, ethanol’s much ballyhooed contribution to reducing America’s dependence on imported oil looks even smaller – the equivalent to a measly six tenths of a mile per gallon fleet-wide.
Read more
No comments:
Post a Comment