The Fuel Freedom Foundation (FFF), today announced the findings of a study conducted by Eyal Aronoff. The study reveals that without mass adoption of natural gas and biomass as feedstock for transportation fuels to replace oil, the U.S. and its economy will be dependent on foreign oil. Even with the projected increased growth of domestic oil production, the total cost of oil imports will continue to top $300 billion a year. Under these circumstances it will not be possible for the U.S. to achieve oil independence in the next 20 years.
"In order to become energy independent, we need to reduce our oil consumption by half. We can do that by replacing transportation fuels made from oil with those using natural gas as a feedstock, like methanol and ethanol," said Eyal Aronoff, co-founder of FFF, and the author of the study. "The abundance of low cost feedstocks for competitive fuels will drive down the price of fuel, and will deflate the power of the oil price setters, allowing the US to be truly energy independent."
The full report can be downloaded free of charge at www.fuelfreedom.org.
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