From the Renewable Fuels Association: “The production and use of 6.5 billion gallons of domestic ethanol in 2007 reduced oil imports by 228 million barrels, saving $16 billion of taxpayer dollars. These increases in tax revenues and savings in federal program payments and oil imports totals more than $30 billion. That compares to the $3.4 billion that oil companies received for blending ethanol in 2007.”
Graeme Sweeney, executive vice president for future fuels & CO2 at Royal Dutch Shell: “We should learn to be much more efficient in how we use energy. We need vehicles that do 80 miles a gallon on an average by 2050.”
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