Ethanol Is NOT Everything It Is Cracked Up To Be
In the Whiskey & Gunpowder newsletter we read that the energy density of ethanol is less than petroleum, as
“The standard, accepted measurement of energy density for ethanol is 26.8 megajoules per kilogram. This clearly compares unfavorably with the energy density of gasoline at 45 megajoules per kilogram.”
So, you get a lot less energy per unit of weight. Worse, “The energy return on energy investment (EROEI) of ethanol” is “break-even at best”, because oil just gets pumped out of the ground at minimal energy expense.
“So will the U.S. really wind up running its motorized culture on corn-based ethanol? According to Cornell researcher David Pimental, if the entire U.S. grain crop were converted to ethanol, it would satisfy about 15% of U.S. automotive fuel needs. The answer is no.”
But that doesn’t mean we won’t try, as seemingly evidenced by Bloomberg when they report that the price of corn has surged to a 10-year high, “sparking rallies for soybeans and wheat, after the U.S. forecast the smallest global supplies in 29 years as record demand for ethanol uses up more of the crop.”