Dinneen: Ethanol is reducing U.S. reliance on imported oil

04/11/2012 | EthanolProducer.com

Ethanol is present in 97% of the country's gasoline supply, providing a homegrown, renewable alternative to costly foreign oil, writes Renewable Fuels Association President and CEO Bob Dinneen. The U.S. used 13.9 billion gallons of ethanol last year, displacing the equivalent of 485 million barrels of imported oil and saving the country $49.7 billion, Dinneen points out. Since the implementation of the Renewable Fuel Standard in 2005, oil imports have dropped from 60% to 45%, thanks in large part to increased ethanol production, Dinneen adds.

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