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Pros And Cons Of Ethanol And Fossil Fuels

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81% of our energy comes from fossil fuels to run our cars, fly planes, and heat our homes. According to research by The Global Education Project, the world is consuming more fossil fuels then we are discovering. Since fossil fuels are a nonrenewable resource, if we run out of fossil fuels than there will be no more to use. What would happen if we ran out of fossil fuels? Ethanol is a renewable fuel source made from crops like corn and other plant materials. Ethanol is also called “flex fuel” and is used in gasoline for cars. Ethanol can be used in cars and would minimize the dependence on fossil fuels and reduce greenhouse emissions.
Reduces the consumption of petroleum fuels (fossil fuel)
Less expensive energy source that every country has …show more content…

This bill has influenced modern environmental bills as well.
See also Renewable Fuel Standard policy explained on previous page
In 2006, Americans spent over 921 billion dollars on fossil fuels. In 2007, America spent over 360 billion dollars importing fossil fuels. With unstable Middle Eastern countries, America eventually has to pay more for fossil fuels. What if there was an energy that was less expensive and could benefit the economy?
A recent study from Louisiana State University found that ethanol reduces gas prices 78 cents a gallon, which is saving consumers over 100 billion dollars annually. In just 2015, the ethanol industry created over 400,000 new jobs across the country. Also, ethanol production contributed nearly 44 billion dollars to the nation's GDP and generated about 4.8 billion dollars in tax revenue but also added 30.2 billion dollars in household income as well. Ethanol also paid 8.7 billion in federal, state, and local taxes. Not to mention it displaced 527 million barrels of imported oil (throwback to energy dependence) which saved the United States nearly 26 billion dollars. In 2016, the ethanol industry added 43,000 jobs here in Iowa and accounted for 4.6 billion of Iowa’s GDP. Ethanol also helped Iowans generate over 2 billion dollars in income for Iowa households. For more than a decade, the ethanol industry has created new jobs, stabilized our economy, and provided safer fuels for

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