A new report from the United States Energy Information Agency shows that imported oil has been reduced from over 60% of the United States fuel supply in 2005 to less than 50% in 2010. Causes for the decrease can be attributed to the sluggish economy, higher efficiency vehicles and domestic biofuel production.
Manufacturing plants producing biofuels like ethanol have grown throughout the Midwest during the past decade and production has more than tripled in the last five years pumping 779,000 barrels of clean-burning ethanol into consumers’ gas tanks daily which is up from 230,000 barrels per day in 2005. This increased production and usage is due in part to our farmers increased corn yields, manufacturing efficiency improvements and an increase in blender pumps spurred by the ethanol industry.
“Reducing our nation’s dependence on foreign oil has always been a driver behind America’s ethanol production and it’s rewarding to see how far we have come in such a short amount of time,” said South Dakota Corn Utilization Council President, Chad Blindauer, a farmer and rancher from Mitchell, South Dakota. “Creating additional blender pump infrastructure, producing more flex-fuel vehicles and an Open Fuel Standard will be necessary in continuing our progress towards energy independence.”
[...] uses a lot of oil and imports 50% of it. That number has decreased by 10% in the last five years due in part to increased biofuel production. E15 would continue America on the path of lessening [...]
[...] Fuels Standard was created for a reason, to decrease America’s dependence on foreign oil, which it has accomplished. America’s use of foreign oil has decreased by 10% during the past five years. Not only has it [...]
[...] short period, American ethanol has accomplished a number of feats, but the most important being the reduction of our countries dependence on foreign oil from 60% to 50%. A lot of things had to come together in order for it to happen like ethanol [...]
[...] recent report from the EIA in May 2011 showed that the United States dependence on foreign oil fell from 60.3% in 2005 to [...]
[...] Ethanol reduces America’s dependence on foreign oil [...]
[...] family around $800 per year, so you can expect it to continue saving families more money while also lessening our countries dependence on foreign [...]