The opposite is true. Some even believe it requires more energy to produce the ethanol than ethanol can provide to the consumer. According to a Washington Post article from March 25, 2007, if the U.S. stopped growing corn for food and used all of its current 70 million corn producing acreage for ethanol production, we would only displace 2.4% of our energy needs. And when we consider the heavy fertilizer and pesticide use (often petroleum based), the transportation and refining that ethanol requires, it’s clear that this form of energy production is not sustainable. Ethanol does not provide a return on the investment nor does it get us closer to energy independence. Ironically, that is why we taxpayers will always have to invest our dollars into the ethanol industry; otherwise the industry will fail. We the people are keeping alive an unsustainable “alternative” energy source.
One argument for keeping this charade going is that the elimination of these subsidies would kill jobs. But at the end of the day, shouldn’t our money be better invested in programs that encourage truly sustainable alternative biofuels?
A much better investment for the taxpayer would be in sources of biofuels that offer strong yields. The key to biofuels is the rate of cell division; organisms that can rapidly grow offer the greatest potential for sustainable alternative energy. For that reason, I believe algae will soon be considered a biofuel that offers the greatest capacity. The market will determine the value of the product based on supply and demand. Jobs created in that market place will be based on the needs of the consumer instead of relying on a subsidy. This presents a huge opportunity for the agriculture industry to create long term, well-paying employment. And, with the revenue from the biofuels supporting these jobs, isn’t that so much more sustainable than the current unsatisfactory ethanol scenario?
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Wednesday, 21 September 2011