Impact of ethanol
Increased demand for ethanol in the US has led to predictions that biofuels will have a 30% share of global energy demand by 2030, writes Eric Fishhaut
Ethanol production is undergoing exceptional global growth. In his recent State of the Union address, President Bush proposed that the US produce 20% of its energy from renewable sources, including corn-based ethanol and other bio-fuels used to displace some imported oil. There are currently 112 ethanol plants in operation in the US and another 76 under construction. As this trend continues, it is certain to have a substantial impact on the equilibrium of the global energy markets.
Energy
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