Today in Biofuels Opinion: “Instead of sending $16.5 billion to the Mideast, we were able to send that money to the Midwest”

July 16, 2008

Ross Walker, Airbus engineering programme manager, alternative fuels: “With the cost of a barrel of oil at present levels, alternative fuels are now becoming viable…[by 2030, 30% of aviation fuels will be biofuels, and] to achieve this we must have international and cross-industry collaboration.”

Senator Ben Nelson of Nebraska: “6.5 billion gallons of ethanol took the place of 228 million barrels of oil for a savings of $16.5 billion. That means, instead of sending $16.5 billion to the Mideast, we were able to send that money to the Midwest. We must keep our eyes on the future and our goal of energy security, so we can control our own destiny and not be at the mercy of other countries for our energy supply.”

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