DOE Data Suggests Ethanol Helps Break U.S. Dependence on Foreign Oil

GrainNet.com
Date Posted: May. 21, 2008

Sioux Falls, SD—The Financial Times reported May 21 that, according to data from the U.S. Department of Energy, the U.S. is beginning to break its addiction to foreign oil.

Data from the agency's statistical arm, the Energy Information Administration (EIA), shows that ethanol, more efficient vehicles, and high oil prices are combining to cut oil imports for the first time since 1977.

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