Greenspan Sees Future in Cellulosic Ethanol
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Posted by Cindy Zimmerman – June 8th, 2006
Testimony of former Federal Reserve Board Chairman Alan Greenspan to the Senate Foreign Relations Committee yesterday has gotten quite a bit of news coverage, especially his comments about ethanol. In his written remarks to the committee, Greenspan said “Corn ethanol, though valuable, can play only a limited role, because its ability to displace gasoline is modest at best. But cellulosic ethanol, should it fulfill its promise, would help to wean us of our petroleum dependence, as could clean coal and nuclear power.” Google News Search lists over 300 articles related to Greenspan’s remarks mentioning ethanol.
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Tyler Jefferson
OK…I didn’t pay much attention to Bush when he talked about cellulosic ethanol in his 2006 State of the Union address. However, when Greenspan became bullish on cellulosic ethanol, I started to take notice. I just found this site: http://www.investincellulosicethanol.com …and I was astonished to see how fast this industry is moving. As much as I like hydrogen fuel cells, this non-corn ethanol looks much more promising!
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