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In the United States, 40% of the acreage designated for corn grain is used for corn ethanol production, of which 25% was converted to ethanol after accounting for co-products, leaving only 60% of the crop yield for human or animal consumption. [30] Growing corn to fuel internal combustion vehicles is a highly inefficient use of land.
During the 2008 financial crisis corn prices, fell 50% from their July 2008 high by October 2008, in tandem with other commodities, including oil, while corn ethanol production continued unabated. "Analysts, including some in the ethanol sector, say ethanol demand adds about 75 cents to $1.00 per bushel to the price of corn, as a rule of thumb.
E85 critics contend that production of ethanol from corn (maize) drives up world food prices, causing corn to be unaffordable or even unavailable. E85 advocates counter that concern by pointing out that over 93% of all corn grown in the United States is never fed directly to people, but is instead used as livestock feed [ citation needed ] .
The price for corn has skyrocketed to more than $7 a bushel (which, by the way, is close to its all-time high), and the worldwide buffer supply of Genetically Modified Corn for Ethanol Fuel Could ...
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In 1995 the USDA released a report stating that the net energy balance of corn ethanol in the United States was an average of 1.24. It was previously considered to have a negative net energy balance. However, due to increases in corn crop yield and more efficient farming practices corn ethanol had gained energy efficiency. [3]
The organization, led by Saudi Arabia, has voluntarily reduced oil output since mid-2023 in a bid to boost prices. Despite their efforts, Brent crude, the international benchmark, is down over 12% ...
Ethanol fuel has a "gasoline gallon equivalency" (GGE) value of 1.5, i.e. to replace the energy of 1 volume of gasoline, 1.5 times the volume of ethanol is needed. [4] [5] Ethanol-blended fuel is widely used in Brazil, the United States, and Europe (see also Ethanol fuel by country). [2]