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    « Ethanol Venture Nears Reality | Home | Ethanol Stock Can Be Profitable »

    Ethanol Helping To Reduce Our Reliance On Foreign Oil

    By Mr Ethanol | September 24, 2008

    Gas2.0:
    The Ethanol Promotion Information Council (EPIC) is working to get the word out that ethanol is actually helping to keep gas prices lower. The following is from an interview with Toni Nuernberg, executive director of EPIC.

    If you’ve been exposed to the media lately you’ve probably heard the phrase “renewable fuels.” What exactly are renewable fuels?
    cornethanol.jpg

    According to Wikipedia, “renewable fuels are alternative fuel sources such as biofuels (ethanol, biodiesel -e.g. soy, vegetable oils, animal fats, or recycled restaurant greases-) or hydrogen.” Texas Governor Rick Perry recently petitioned the Environmental Protection Agency (EPA) to lower ethanol mandates, saying that the production of ethanol was causing food and fuel prices to go up. The EPA rejected Gov. Perry’s request in August, saying that the Renewable Fuels Standard “remains an important tool in our ongoing efforts to reduce America’s greenhouse gas emissions and lessen our dependence on foreign oil.”

    What is the number one thing people need to know about ethanol and gas prices?
    Toni Nuernberg
    : People need to know that ethanol keeps gas prices low. Iowa State University recently released a study that found by adding just 10 percent ethanol to gasoline in the United States, the average motorist will save between 104 and 241 dollars a year. Imagine who much you’d save if you drove a flex-fuel vehicle, which can use E85 fuel, a blend of gasoline that is 85 percent ethanol and 15 percent gasoline. Read on…

    Topics: Ethanol |


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