Pioneer Hi-Bred International Chair in Agribusiness at Iowa State issues report praising ethanolPosted: May 17, 2012
Now, I’m going to try to be careful here. As the son of academics, I am hesitant to question the motives of a university professor. But, um, could we expect the “Pioneer Hi-Bred International Chair in Agribusiness” at Iowa State to say anything other than what a boon ethanol is to our energy independence?
ISU researcher says ethanol makes gas cheaper at the pump by Dar Danielson for Radio Iowa, May 16, 2012
An Iowa State University Economist has released research showing that mixing ethanol in with gas has had a significant impact on gas prices. I.S.U. economist Dermot Hayes studied ethanol’s impact on gasoline prices over a 11-years beginning in 2000. During that time, Hays says adding ethanol to gas inventories led to a 29-cent-a-gallon drop in gasoline pump prices.
Hayes says adding ethanol to the nation’s fuel supply is enabling the U.S. to switch from being a net importer of gasoline to a gasoline exporter. He conducted the ethanol/gas study with a University of Wisconsin economist.
In other ethanol boom (bubble?) news, Deere & Company posted record earnings this quarter.