Ptero
01-19-2010, 06:13 AM
"We need to set realistic targets for ethanol in the United States instead of just throwing taxpayer money out the window."
Amy Myers Jaffe, a senior fellow in energy studies
at the Baker Institute and one of the report's authors.
James A. Baker III Institute for Public Policy of Rice University
http://www.hydrogencommerce.com/images/BakerInst-Ethanolcvr.jpg
RESEARCH PAPER
Fundamentals of a Sustainable (http://www.bakerinstitute.org/publications/EF-pub-BioFuelsWhitePaper-010510.pdf)
U.S. Biofuels Policy (http://www.bakerinstitute.org/publications/EF-pub-BioFuelsWhitePaper-010510.pdf)
January 2010
"We question the scale to which ethanol can enhance U.S. energy security by replacing oil-based fuel, and recommend that Congress order a cost-benefit analysis that compares the volume of renewable fuel being added to the American transportation fuel system to the cost per gallon to the American taxpayer to achieve this marginal addition of non-fossil based supply. We believe that such an assessment would find that the extremely high costs of implementing this program outweigh the indirect benefits to consumers of the small, marginal reductions in U.S. oil imports. Therefore, we do not recommend renewing blender's credits when they expire at the end of 2009."
-- Page 10, Fundamentals of a Sustainable U.S. Biofuels Policy (http://www.bakerinstitute.org/publications/EF-pub-PolicyReport43-121809.pdf)
US Ethanol Production Poses Economic, Environment Risks (http://online.wsj.com/article/BT-CO-20100106-709102.html?mod=WSJ_latestheadlines)
Wall Street Journal January 6, 2010
The report by the Rice University's Baker Institute for Public Policy notes that in 2008 the U.S. government spent $4 billion in biofuel subsidies to replace 2% of the U.S. gasoline supply. The average cost to the taxpayer of those substituted barrels of gasoline was roughly $82 a barrel, or $1.95 per gallon on top of the retail gasoline price, according to the study.
Amy Myers Jaffe, a senior fellow in energy studies
at the Baker Institute and one of the report's authors.
James A. Baker III Institute for Public Policy of Rice University
http://www.hydrogencommerce.com/images/BakerInst-Ethanolcvr.jpg
RESEARCH PAPER
Fundamentals of a Sustainable (http://www.bakerinstitute.org/publications/EF-pub-BioFuelsWhitePaper-010510.pdf)
U.S. Biofuels Policy (http://www.bakerinstitute.org/publications/EF-pub-BioFuelsWhitePaper-010510.pdf)
January 2010
"We question the scale to which ethanol can enhance U.S. energy security by replacing oil-based fuel, and recommend that Congress order a cost-benefit analysis that compares the volume of renewable fuel being added to the American transportation fuel system to the cost per gallon to the American taxpayer to achieve this marginal addition of non-fossil based supply. We believe that such an assessment would find that the extremely high costs of implementing this program outweigh the indirect benefits to consumers of the small, marginal reductions in U.S. oil imports. Therefore, we do not recommend renewing blender's credits when they expire at the end of 2009."
-- Page 10, Fundamentals of a Sustainable U.S. Biofuels Policy (http://www.bakerinstitute.org/publications/EF-pub-PolicyReport43-121809.pdf)
US Ethanol Production Poses Economic, Environment Risks (http://online.wsj.com/article/BT-CO-20100106-709102.html?mod=WSJ_latestheadlines)
Wall Street Journal January 6, 2010
The report by the Rice University's Baker Institute for Public Policy notes that in 2008 the U.S. government spent $4 billion in biofuel subsidies to replace 2% of the U.S. gasoline supply. The average cost to the taxpayer of those substituted barrels of gasoline was roughly $82 a barrel, or $1.95 per gallon on top of the retail gasoline price, according to the study.