May 2007

Trends and Resources

HP Impact: HPImpact: Ethanol program may diminish US 'energy security'

The Bush administration rolled out several initiatives to bolster US energy security in early 2007. One element of this energy policy is a proposal to substantially expand the use of ethanol and other..

Weirauch, Wendy, Hydrocarbon Processing Staff

The Bush administration rolled out several initiatives to bolster US energy security in early 2007. One element of this energy policy is a proposal to substantially expand the use of ethanol and other renewable fuels for the US transportation sector. The administration's proposal would raise annual US consumption of ethanol and related biofuels to 35 billion gallons (Bgal) by 2017. "In a best-case outcome, this proposal would reduce petroleum imports by 1.5 million barrels/day (Mbpd) when fully implemented. More importantly, the administration views the plan as an effective policy response to a domestic fuel market that has experienced substantial price volatility and spikes in recent ye

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