Economists from Oregon State University released a study Monday called "Biofuel Potential in Oregon: Background and Evaluation Options." It also could have been called, "Not so fast." The Albany Democrat-Herald sifted through the report and offers these conclusions:
- Per unit of energy, corn ethanol is estimated to cost 750 percent more than gasoline
- Canola biodiesel is estimated to cost 125 percent more than petroleum diesel
- Cellulosic wood-based ethanol is nearly 200 percent higher than gasoline
- Other avenues aimed at reducing greenhouse gas emissions are more cost effective than a shift to biofuels
- If Oregon produced 50 million gallons each of corn and wood ethanol and 2 million gallons of canola biodiesel, net energy would be just over 1 percent of the annual consumption of oil energy.
- That same production would only reduce U.S. greenhouse gas emissions by just one-eighth of 1 percent.
You can find the entire report here.
[Source: Albany Democrat Herald]