Renewable fuels now represent nearly 10% of America’s fuel supply and have helped reduce U.S. reliance on foreign oil to the lowest level in years according to an economic impact study by John Dunham & Associates.
The analysis takes into account the entire supply chain for renewable fuels and quantifies the impact to the U.S. economy, including:
Driving $184.5 billion of economic output
Supporting 852,056 jobs and $46.2 billion in wages
Generating $14.5 billion in tax revenue each year
The report tells the story of an innovative, advanced renewable fuels and biofuels industry that is producing growing benefits for America’s economy. “The data is in: the Renewable Fuel Standard (RFS) is driving billions of dollars of investment by the biofuel sector to bring clean, low carbon renewable fuels to market,” the footprint analysis concludes. “This investment creates a ripple effect as supplier firms and employees re-spend throughout the economy.”
Embraced by both Democrats and Republicans and signed into law by President Bush – but bitterly opposed by the oil industry – the RFS calls for the use of American-grown renewable fuels in our transportation fuel supply. The oil industry is urging the U.S. EPA and/or Congress to repeal or weaken the RFS so that renewable fuels do not further reduce oil industry market share.
NCGA's Know Before You Grow website gives growers updated info on new seed varieties currently unapproved in some export markets and is an important resource for all corn growers as they head into planting season. Read what Wisconsin Corn Grower Jim Zimmerman has to say about this resource at http://wicornpro.org/ and listen to his interview by clicking HERE.
Syngenta has a new educational videoentitled, “Ethanol: Fueling Rural America’s Future – One Community at a Time,” along with a series of other topical videos that help to tell ethanol’s story. The videos’ primary purpose is to inform and educate the general public about the positive impact ethanol is having on cleaning our air, improving our economy and fulfilling our nation’s quest to become energy independent.View the videos by clicking here.
No Meaningful Difference between E10 and E15 ethanol blends, says a report from the National Renewable Energy Lab, which also found no evidence to support oil industry claims of mechanical problems with E15 ethanol blends. Read more online here: NREL Report
Ethanol Promotes Consumer Choice explains an opinion column by Iowa Governor Terry Branstad, in the Oct. 10 Wall Street Journal. It is the ethanol industry, which makes a cheaper, cleaner, higher octane product, that is ready, willing and able to face free market competition from petroleum. Read the column online by clicking this link:Ethanol Ready Consumers Consider Ethanol Green Energy. A survey released during BIO World Congress shows US consumers name ethanol 39% of the time when asked to name a product they consider green. The study also found that four in 10 American consumers have heard the term 'biobased' to describe various products including fuels such as ethanol and biodiesel as well as cleaning products and personal care products. Read about the survey here at Domesticfuel.com