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dc.creatorGriffin, James M.
dc.creatorSoto, Maricio Cifuentes
dc.date.accessioned2015-02-04T23:13:49Z
dc.date.available2015-02-04T23:13:49Z
dc.date.issued2012-02
dc.identifier.urihttps://hdl.handle.net/1969.1/153189
dc.description.abstractThe Energy Independence and Security Act of 2007 (EISA) mandated a steep rise in domestic ethanol production. The goals were to ease dependency on imported petroleum and to cut greenhouse gas emissions. A new blend of ethanol and conventional gasoline was to cost motorists less. EISA mandated ethanol production to grow from 4.9 billion gallons in 2006, to 36 billion by 2022. Today, at 14 billion gallons, we’re not even halfway there. EISA envisioned that cellulosic ethanol would provide the future growth, but reasonable production costs remain elusive. The unintended consequences of the policy, especially those influencing world food prices, are negative and far outweigh the positives. Corn-based ethanol has had only small price, energy security, and environmental benefits; yet, the unintended consequences on food prices have been large and negative. Rich consumers can substitute away from higher-priced foods, but the world’s poor have no such options. Repealing EISA would bring food prices down, while keeping market incentives for ethanol use intact.en
dc.description.sponsorshipBush School of Government and Public Serviceen
dc.language.isoen_US
dc.publisherThe Mosbacher Institute for Trade, Economics & Public Policy
dc.relation.ispartofseriesVolume 3;Issue 1
dc.subjectethanolen
dc.subjectEISAen
dc.subjectfood pricesen
dc.titleU.S. Ethanol Policy: The Unintended Consequencesen
dc.typeArticleen
dc.contributor.sponsorBush School for Government and Public Service


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  • The Takeaway
    Policy Briefs from the Mosbacher Institute for Trade, Economics, and Public Policy

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