WASHINGTON – Today, Growth Energy released the following statement regarding the U.S. Energy Administration's recent report on oil use in America:
The U.S. Energy Administration (EIA) recently released, its Annual Energy Outlook, 2009 projecting U.S. energy consumption and production through 2030. Due to the use of biofuels, oil use has become flat and will continue to remain flat as biofuels use continues to increase. However, the ‘consensus' from several media outlets is, ‘EIA report says ethanol production will fall short of RFS in 2010.' To the unbiased observer, the real news has been overlooked.
Historically, the ethanol industry has risen to the challenges presented by a volatile world oil market. When oil prices hit historic highs, several economic reports cited ethanol's role in helping to reduce all-time high gas prices by at least 15 percent. When several areas across the country were affected with severe weather which incapacitated several oil refineries, ethanol was able to fill the gap between consumer demand and availability. And as more biofuels are needed, specifically in the area of cellulosic ethanol as outlined in the RFS, the ingenuity of the American ethanol industry won't let us down.
The ethanol industry continues to move forward on the commercialization of cellulosic ethanol, spurred by the growth and development of the corn-ethanol industry. We will continue to be an integral part of America's quest for energy security. By investing in the future and banding together, we can reduce our dependence on expensive foreign oil, but energy independence will take all of us. It will require conservation, choosing clean renewable fuels such as ethanol and investing to find new domestic renewable energy resources. We look forward to the 2010 Energy Outlook which will again highlight America's reduced need for foreign oil due to biofuels.
About Growth Energy
Growth Energy is a group committed to the promise of agriculture and growing America's economy through cleaner, greener energy. Growth Energy members recognize America needs a new ethanol approach. Through smart policy reform and a proactive grassroots campaign, Growth Energy promotes reducing greenhouse gas emissions, expanding the use of ethanol in gasoline, decreasing our dependence on foreign oil, and creating American jobs at home. More information can be found at GrowthEnergy.org.
On May 31, 21 members of the House, led by Rep. Darin LaHood, R-Ill., sent a letter to U.S. Trade Representative Katherine Tai urging her to protect U.S. farmers and biofuel producers and prioritize U.S. #ethanol export competitiveness in Brazil.https://t.co/Ugx88bA1KT https://t.co/bmf7EjdNxA
Protecting #IA04 farmers and #ethanol producers will always be a top priority for me in Congress. I appreciate working with my @WaysandMeansGOP colleague @RepLaHood to ensure American ethanol exports receive fair treatment and robust market access in Brazil. https://t.co/pX246NiqLn
.@NUVUFUELS: "In Michigan alone, the higher biofuel blend offers drivers more than $1 billion in fuel savings annually, reduces emissions, and supports the state’s rural economy." twitter.com/Lwl_First_Look…
Celebrated the nation's second #E15 standard with @RFNebraska's Dawn Caldwell and Traci Menke. Thank you for your work getting #LB562 signed into law. Nebraskan families will see savings at the pump this summer! cc: @LadyOfAg https://t.co/uPgLthktdZ