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Linn Energy, LLC (LINE) Message Board

  • norrishappy norrishappy Mar 7, 2013 8:19 PM Flag

    Ending Corn Ethanol Subsidies Not Just an Oil Industry Fight

    Myth: RFS is decreasing the overall negative impacts of oil dependence on our economy.

    Facts: Renewable fuels account for only one percent of U.S. energy consumption, which does not create a major impact on U.S. energy needs. Moreover, the production of ethanol from corn requires almost as much fossil fuel energy as the energy eventually returned by burning the ethanol. This means the energy gains from ethanol amount to much less than one percent of energy consumption. On the other hand, ethanol production consumes four percent of total global grain production, which is enough food to feed over half a billion people, significantly impacting world hunger.

 
LINE
31.72+0.27(+0.86%)Aug 29 4:00 PMEDT

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