In the Pipeline...                                      No end seen on reliance on oil, fossil fuels, Washington Post                                      Texas governor trying to slash ethanol production, New York Times                                      Drill! Drill! Drill!, Wall Street Journal Europe                                      Cheney Pushes for More Drilling, Washington Post                                      UN food summit battle it out on biofuels, Washington Post                                      "Better" biofuels are no magic bullet, Reuters                                      Bush won't back renewable bill with oil tax, Reuters                                      Food Prices to Stay High as Biofuels Blamed, New York Times                                      Brownback: Start drilling oil, The Capital Journal                                      Bush Halts Oil Reserve Purchases, Washington Post                                      US disputes IMF on food prices, Washington Post                                      Wind ($23.37) v. Gas (25 Cents), Wall Street Journal                                      The Biofuels Backlash, Wall Street Journal                                      With food costs rising, ethanol benefits now questioned, Washington Post                                      Senators call for EPA to reconsider ethanol output mandate, Washington Post                                     

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.