If the U.S. is to reduce its gasoline consumption, the country will have to import ethanol. That according to Energy Secretary Samuel Bodman. He also said it's unlikely that the 51-cent-a-gallon subsidy to farmers will extend past 2010, nor did he feel the import tariff of 54 cents a gallon on ethanol should be renewed after 2008. Basically, ethanol will soon be a global commodity and countries that can grow the biomass, develop more efficient refining technology or become subsidized by their ow
US Secretary of Energy Samuel Bodman will promote Ethanol during an appearance at Ethanol Day at the Indianapolis Motor Speedway tomorrow, Energy Efficient Motorsport. Rahal Letterman Racing, which runs a car supported by Team Ethanol, invited Bodman, who will do a press conference about ethanol in racing and the more general future of alt-fuels in America. He will also meet with executives of the EPIC (Ethanol Promotion and Information Council).