This could spell bad news for efforts to reduce the ethanol mandates.
US begins to break foreign oil ‘addiction’
By Carola Hoyos, Chief Energy Correspondent
Published: May 19 2008 14:28
The US is starting to break its “addiction” to foreign oil as high prices, more efficient cars, and the use of ethanol significantly cut the share of its oil imports for the first time since 1977.
The country’s foreign oil dependency is expected to fall from 60 per cent to 50 per cent in 2015, before rising again slightly to 54 per cent in 2030, according to...(complete article here).
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