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Want Alternative Energy? Conserve And Get Ready To Pay Up
By Mr Ethanol | October 26, 2007
Lancaster Farming:
Conservation will be a key to solving this country’s thirst for foreign oil. But you may want to open up those pocketbooks as well.
At least that was the view expressed Oct. 17 by a leading expert on biofuels and ag economics.
Otto Doering, a professor of ag economics at Purdue University and a public policy specialist who was worked on Farm Bills dating back to the 1970s, spoke at the USDA’s Beltsville Research Center on “where we are headed” in terms of biofuel use in the U.S.
While government officials and private industry are looking for the next “big thing” to replace foreign oil as the country’s leading energy source, Doering said the options are few, expensive and in some cases, impractical.
“There is a true supply, demand crunch,” he said.
A recent report Doering pointed to by the National Commission on Energy Policy forecasts the U.S. will be consuming 27 million barrels of oil a day by 2030. Almost 20 million barrels of oil are consumed each day today.
To make matters complicated, Doering said the report states the U.S. will only be producing 10.5 million barrels domestically, with the rest being supplied by foreign suppliers.
At a time when the political climate in the Middle East is as fragile as ever, there are fears that oil supplies may be interrupted sometime in the future.
For a minimal effect on the U.S. economy, Doering said the report forecasts demand can’t increase past today’s number and that fuel supplies will have to increase domestically.
“We can’t be using more oil 23 years from now than we are today,” he said. Read on…
Topics: Biofuel, Energy, Oil |
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