USDA Report Finds Ethanol Has Economic Benefits for American Families

RenewableEnergyWorld.com
October 26, 2010
By Growth Energy

WASHINGTON, DC -- A newly-published report by the U.S. Department of Agriculture found that, under every scenario, American families would benefit economically if the United States were to meet the goals of the Renewable Fuels Standard (RFS).

"The economics of ethanol are sound. Raising the amount of ethanol we consume in this country not only creates U.S. jobs tied directly to ethanol production, but would create jobs in other industries as American families spend on other goods and services the money they would have been sending overseas," Buis said.

The study, “Effects of Increased Biofuels on the U.S. Economy in 2022,” concluded that ethanol helps our economy by reducing spending on expensive petroleum-based motor fuels, putting more money back into the budgets of everyday American families.

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