Winter is barely behind us, and gasoline prices are already rising. Worse, experts predict more price increases are right down the road.
This poses two problems. First, higher energy prices mean families have less to spend on other necessities. Second, most of the money we spend for fuel ends up overseas, often supporting countries that don't wish us well.
To solve the first problem, we need to solve the second. More than 63 percent of the oil we burn comes from abroad. We must develop new domestic sources and reduce our dependency on foreign oil if we want to get a handle on prices.
There are no easy answers, but we can develop new sources of power. First, though, we need to move past one attempted solution that simply isn't working: ethanol.
Because ethanol comes from homegrown corn (much of it from right here in Illinois) politicians love to pretend that adding ethanol will reduce the need for foreign oil. That's why President Bush recently called for quadrupling the amount of ethanol we use. But ethanol can't solve our energy problems.
For one thing, it's expensive to refine ethanol, and it's difficult to add it to the existing fuel supply. That all costs money, which was reflected in last year's higher prices at the pump.
Also, scientists have shown that burning ethanol actually wastes money. Cornell University professor David Pimentel found that processing corn into ethanol requires 29 percent more fossil energy than the fuel it produces. Others disagree on the exact percentage, but there's no doubt it takes a significant amount of energy to produce ethanol. "There is just no energy benefit to using plant biomass for liquid fuel," Pimentel says.
And, of course, ethanol costs drivers, too. The federal government says that cars burning gasoline mixed with ethanol get fewer miles per gallon. That means more fill-ups, more often.
Fortunately, there's another possibility. If scientists can overcome some technological challenges (as well as environmental objections), oil shale has the potential to provide more than a trillion barrels of domestic oil.
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