January 30 -- Forty years ago at this time, the U.S. was engaged in intense negotiations with the Organization of Petroleum Exporting Countries (OPEC) to try to end the recently announced oil embargo that had jolted our economy. For the better part of the last four decades, we have had endless debates about how to reduce our dependence on foreign oil, with a mixed record of success.
But we know that some things have worked well. Ethanol is one of them. It directly reduces our dependence on oil imports from countries that aren’t necessarily our friends. >>View Article