Ethanol Motor Day at the Indy 500. Secretary Bodman's comments
Bodman is unsurprisingly upbeat about ethanol's place in America's energy future. He said he expects ethanol production to increase to 5 million barrels a day in 19 years (following the President's plan) and says that will make up a quarter of America's 20-million barrel a day oil use. He doesn't mention that it's almost impossible that we'll still be using only 20 million barrels a day in 19 years. Bodman even kind of praises Brazil's state-mandated investment in sugar-cane ethanol 30 years ago, and admits America's marker-based system meant we came a little slow to the party, even though we now produce more ethanol than Brazil does.
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