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Bodman: U.S. needs more imports of ethanol to meet Bush's mandate to cut gas use

Bodman: U.S. needs more imports of ethanol to meet Bush's mandate to cut gas use

The U.S. "will need to have more imports of ethanol," if it is to meet the new mandate to cut gasoline use, the Energy Secretary Samuel Bodman said Thursday.
In an interview with Dow Jones Newswires at the World Economic Forum's annual meeting in Davos, Bodman also said that he did not see subsidies to U.S. farmers remaining in place beyond 2010 or import tariffs on ethanol beyond 2008.
"The idea is that at some point in the future all these technologies need to stand the test of the free market," he said.
"This president is serious about climate change and he has been for some time," Bodman said.
His comments come two days after U.S. President George W. Bush, in his annual State of the Union address, offered up a blueprint for Americans to cut their gasoline use by 20 percent in an attempt to wean the country from its reliance on foreign oil.
He also called for a doubling of the country's strategic petroleum reserves to guard against any sudden cutoff of foreign supplies.
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Adam Smallman is a correspondent for Dow Jones Newswires in London.


Updated : 2021-03-08 11:57 GMT+08:00