ACE: Ethanol Continues to Help Cut Dependence on Foreign Oil
Date Posted: October 31, 2008
There are lots of ways to measure America's dependence on foreign oil, but any way you slice the numbers, our dependence is starting to drop -- thanks in part to ethanol.
The Energy Department's latest weekly snapshot of petroleum use and imports shows an unmistakable trend: America's dependence on foreign oil grew steadily through 2005.
Then, starting in 2006, it began to decline.
That was the year the federal government implemented a policy to significantly expand use of renewable fuel.
By the Energy Department's broadest measure, U.S. dependence on imported oil has fallen from 60.3 percent in 2005 to 56.4 percent in the first half of 2008.
It's all the more reason to continue supporting renewable fuels like ethanol.
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