I’d be lying if I said that I’d never heard THIS question before. Why ethanol? What’s the point? Why is our government pushing it?
1. Our government isn’t pushing it.
There’s actually no mandate for ethanol, despite everything you’ve ever heard in the media and the internet. The Renewable Fuels Standard (RFS) does not mandate the use of corn ethanol or any other type of ethanol. The RFS does require that oil companies blend increasing volumes of renewable fuels, but does not specify the type of renewable fuel. Corn-based ethanol has been ready to take on the increasing demand for renewable fuel and was well-poised to grow, when other types of renewable fuel just aren’t there yet. They are more expensive to produce and don’t net nearly enough volume to meet the renewable energy requirements.
2. What’s the point? High octane, low carbon fuel.
It’s good for the environment and it’s good for your car. Auto manufacturers like it because it provides the power they need for the features you want, while also meeting the environmental requirements the government and the public has asked for. And it’s cheaper than gasoline and many other options.
3. Why ethanol? It makes sense.
Forget everything you’ve heard about ethanol. Forget the “energy balance” argument (which isn’t true). Forget the “bad for the environment” argument (which isn’t true). Forget the “heavily subsidized” argument (which isn’t true). Forget the “food vs. fuel” argument (which isn’t true).
Ethanol is a great, environmentally friendly, high octane fuel that makes sense for our country. And as a bonus, it is Made in America and creates economic activity for rural America.