Obama won. Remember his plans on Energy

Obama won. Remember his plans on Energy written and announced several times on his platform. Most important issues for some ag commodities on this regard will be

• Reduction of US oil consumption in 35% for 2030


• 10% of US total energy use will come from renewable sources for 2012


• 25% of US total energy use will come from renewable sources for 2025
• Keep Bush’s goal requiring fuel producers use at least 36 billion gallons of biofuels in 2022
• Spend $150 billion over 10 years to develop renewable fuels and to create 5 million so-called green collar jobs. He will also require at least 60 billion gallons of advanced biofuels be produced by 2030
  
• Funding of plan to reduce CO2 gas contamination in 80% for 2050

We believe that in the short term most of this extremely important issues will depend on Ethanol production (although elected president prefer switcgrass and other renewable sources that do not compete with food, they are not already developed in sufficient scale) due to the lack of other Energy renewable sources so far.





Jose Gobbee for AGRI FOOD THINK TANK