Greenspan on Ethanol
By Yaser Anwar, CSC of Equity Investment Ideas
Greenspan told the Senate Foreign Relations Committee that "if ethanol is to be a significant (solution to our transportation fuel needs) it will have to be cellulosic." Greenspan cited rapidly achieving full-scale cellulosic ethanol production, testing its viability and accelerating developments in liquid natural gas as the best immediate targets for reducing petroleum demand, which he said was an imperative goal. "Current oil prices over time should lower to some extent our worrisome dependence on petroleum. Corn ethanol, though valuable, can play only a limited role, because its ability to displace gasoline is modest at best. But cellulosic ethanol, should it fulfill its promise, would help to wean us of our petroleum dependence, as could clean coal and nuclear power."
Washington - U.S. agriculture and energy officials announced June 23 that they will co-host a national renewable energy conference October 10-12 in Missouri to accelerate commercialization of renewable energy industries and distribution systems. U.S. Department of Agriculture (USDA) Secretary Mike Johanns and Department of Energy (DOE) Secretary Samuel Bodman told reporters that the conference, "Advancing Renewable Energy: An American Rural Renaissance," will help create partnerships and strategies needed to implement President Bush's Advanced Energy Initiative. That initiative aims to reduce U.S. dependence on foreign oil and increase production of domestically grown fuel to promote U.S. job growth and increase energy security.
http://www.equityinvestmentideas.blogspot.com/
Greenspan told the Senate Foreign Relations Committee that "if ethanol is to be a significant (solution to our transportation fuel needs) it will have to be cellulosic." Greenspan cited rapidly achieving full-scale cellulosic ethanol production, testing its viability and accelerating developments in liquid natural gas as the best immediate targets for reducing petroleum demand, which he said was an imperative goal. "Current oil prices over time should lower to some extent our worrisome dependence on petroleum. Corn ethanol, though valuable, can play only a limited role, because its ability to displace gasoline is modest at best. But cellulosic ethanol, should it fulfill its promise, would help to wean us of our petroleum dependence, as could clean coal and nuclear power."
Washington - U.S. agriculture and energy officials announced June 23 that they will co-host a national renewable energy conference October 10-12 in Missouri to accelerate commercialization of renewable energy industries and distribution systems. U.S. Department of Agriculture (USDA) Secretary Mike Johanns and Department of Energy (DOE) Secretary Samuel Bodman told reporters that the conference, "Advancing Renewable Energy: An American Rural Renaissance," will help create partnerships and strategies needed to implement President Bush's Advanced Energy Initiative. That initiative aims to reduce U.S. dependence on foreign oil and increase production of domestically grown fuel to promote U.S. job growth and increase energy security.
http://www.equityinvestmentideas.blogspot.com/
posted by douglas mcintyre at 5:17 AM
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