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Fast Facts
- “Oil companies spend more than the U.S. government on developing alternative fuels and systems. Yet among the ‘priority’ proposals in Congress, one will increase taxes on the oil companies and dedicate that ‘new’ (’new’ to the government) income stream to such projects.”
- Jack Rafuse, expert with FactsonEnergy.org
- “Tax credits for ethanol and renewable sources of energy are more than ten times as high on a unit-energy basis than any other subsidy for traditional energy sources.”
-Tom Tanton, vice president of the Institute for Energy Research
- “Ethanol contains about 76,000 Btu (an energy measure) per gallon. Gasoline contains about 115,000 Btu/gallon. Ethanol contains about 34% less as gasoline. Your mileage and range is thus reduced by that amount if using just ethanol.”
- Tom Tanton, vice president of the Institute for Energy Research and host of FactsonEnergy.org.