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Argument: Ethanol is a means to reducing foreign oil dependencies
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- Ethanol.org. Retrieved 1.25.08 - "American-made, renewable ethanol directly displaces crude oil we would need to import, offering our country critically needed independence and security from foreign sources of energy.
- Current U.S. ethanol production capacity of 6 billion gallons per year can reduce gasoline imports by more than one-third and effectively extends gasoline supplies at a time when refining capacity is at its maximum.
- According to the Energy Information Administration, the 7.5 billion gallon ethanol production level minimum set in the Renewable Fuels Standard could reduce oil consumption by 80,000 barrels per day.
- Ethanol is key to reducing our country's trade deficit in crude oil, a figure that has been steadily increasing: $27 billion in 1987 up to $100 billion in 2002. The U.S. Commerce Department estimates that each $1 billion of trade deficit costs the U.S. 19,100 jobs."