Cato Feb 26, 2007
Ethanol will not lead to energy independence. If all the corn produced in America in 2005 were dedicated to ethanol production (and only 14.3 percent of it was), U.S. gasoline consumption would have dropped by only 12 percent. For corn ethanol to completely displace gasoline in this country, we would need to appropriate all U.S. cropland, turn it over to ethanol production, and then find 20 percent more land on top of that.
The U.S. Energy Information Administration believes the practical limit for domestic ethanol production is about 700,000 barrels per day -- in 2030.
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