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Author Gehlhar, Mark.

Title Effects of increased biofuels on the U.S. economy in 2022 [electronic resource] / Mark Gehlhar, Ashley Winston, Agapi Somwaru.

Imprint [Washington, D.C.] : United States Dept. of Agriculture, Economic Research Service, [2010]


Location Call No. OPAC Message Status
 Axe Federal Documents Online  A 93.73:102    ---  Available
Description 1 online resource (v, 29 p.) : col. ill.
Series Economic research report ; no. 102
Economic research report (United States. Department of Agriculture. Economic Research Service) ; no. 102.
Note Title from title screen (viewed on Oct. 26, 2010).
"A report from the Economic Research Service."
"October 2010."
Form Charts and graphs in .PNG format additionally available as zipped files from the report home page.
Summary Achieving greater energy security by reducing dependence on foreign petroleum is a goal of U.S. energy policy. The Energy Independence and Security Act of 2007 (EISA) calls for a Renewable Fuel Standard (RFS-2), which mandates that the United States increase the volume of biofuel that is blended into transportation fuel from 9 billion gallons in 2008 to 36 billion gallons by 2022. Long-term technological advances are needed to meet this mandate. This report examines how meeting the RFS-2 would affect various key components of the U.S. economy. If biofuel production advances with cost-reducing technology and petroleum prices continue to rise as projected, the RFS-2 could provide economywide benefits. However, the actual level of benefits (or costs) to the U.S. economy depends importantly on future oil prices and whether tax credits are retained in 2022. If oil prices stabilize or decline from current levels and tax credits are retained, then benefits to the economy would diminish.
Bibliography Includes bibliographical references (p. 18-19).
Subject Biomass energy -- Economic aspects -- United States -- Forecasting.
Ethanol as fuel -- Economic aspects -- United States -- Forecasting.
Renewable energy sources -- Technological innovations -- Economic aspects -- United States -- Forecasting.
Biomass energy -- Standards -- United States.
Fuel -- Standards -- United States.
Added Author Winston, Ashley.
Somwaru, Agapi.
United States. Department of Agriculture. Economic Research Service.
Gpo Item No. 0042-V (online)
Sudoc No. A 93.73:102

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