Biofuel from corn is, at presently, relatively inefficient. Surveys indicate that at best biofuel generates 1.3 times the energy it costs to product (Jaffe, 2007); several studies indicate it generates less than what it costs to produce (Wald, 2007).

Moreover, natural gas is the standard fuel required in ethanol production and our production already does not match our consumption (Ibid.). As a result, we do not see biofuel as a long-term solution to our energy problems. However, it can act as a valuable bridge, since biofuel is ready for market today and many of the best substitute options are only in the development stages.

On balance, we believe that biofuels represent an important bridge in our energy strategy. They are not a long-term solution, but they are the best alternative energy choice available today. As Minister of Agriculture, I recognize the benefit they will bring to our farmers in terms...
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