Natural Resource Economics Commons^™

Is Ethanol A Potential Solution To Reducing U.S. Foreign Oil Dependence?, Jasmina N. Patel

Masters Theses

In this study, we estimated the impact of increasing ethanol production on net imports of crude oil in the United States. We also examined whether factors such as com production, population, gross fixed capital formation and the Energy Policy Act of 2005 contributed to an increase in ethanol production. Using time series data from 1981 to 2012, the results of multiple regression models showed that ethanol production was a significant variable and had an inverse relation to net imports of crude oil. Our study also showed that the implementation of the 2005 Act and an increase in com production contributed …