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CGO Graduate Research Fellow
The Center for Growth and Opportunity - Utah State University
Following the boom in oil production from the hydraulic fracturing revolution, environmental protection outstripped energy independence as the major selling point of US biofuels policy. The ethanol mandate continues to grow and includes 15 billion gallons that can be met using ethanol made from corn. All of that corn ethanol, despite being a renewable fuel resource, does not deliver the environmental benefits hoped for by early biofuel advocates. The production of billions of gallons of ethanol requires vast expanses of farmland, and with the introduction of the ethanol mandate, these areas have grown to encompass what were previously unimproved critical… [more]
View InsightOn December 31, 2011 Congress allowed a decades-old corn ethanol subsidy to sunset. It also sunsetted an import tariff on foreign cellulosic ethanol. The dissolution of these policies has prompted some concern about impacts on gasoline prices and the future of the U.S. ethanol industry. Nearly all gasoline blended and sold in the U.S. contains at least 10% corn ethanol. USA Today is reporting that the end of the subsidy could raise gasoline prices by as much as $0.045/gallon as early as next week. In an interview on NPR, Bruce Babcock, a professor of energy economics at Iowa State University,… [more]
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