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Aggregate Economic Cost of Biodiesel and Corn Ethanol per Net BTU of Energy Produced

C. Robert Taylor Ronald D. Lacewell Emily Seawright. Aggregate Economic Cost of Biodiesel and Corn Ethanol per Net BTU of Energy Produced. Continuation of $1.00/gallon tax credit for biodiesel and $0.45/gallon tax credit for corn ethanol assumed.

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Aggregate Economic Cost of Biodiesel and Corn Ethanol per Net BTU of Energy Produced

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  1. C. Robert Taylor Ronald D. Lacewell Emily Seawright Aggregate Economic Cost of Biodiesel and Corn Ethanol per Net BTU of Energy Produced

  2. Continuation of $1.00/gallon tax credit for biodiesel and $0.45/gallon tax credit for corn ethanol assumed. Aggregate Economic Estimates Based on AGSIM, a Large-Scale Econometric-Simulation Model of the Agricultural Economy

  3. Energy Input and Output Requirements Based on Scientific Literature

  4. Scenarios Considered • 100, 200, and 300 Trillion NET Btu of biofuel produced • Corn Ethanol only • Soy-Based Biodiesel only

  5. Biofuel Production, Net and Gross200 Trillion Btu Net

  6. Aggregate Economic Impacts(compared to Zero Biofuel)

  7. Cost per Gallon of Producing Different Levels of Corn Ethanol and Soy Biodiesel

  8. Biofuel Cost Comparison, Net and Gross

  9. Aggregate Economic Cost per Net Gallon From Corn Ethanol and Soybean Biodiesel

  10. Incomplete Cost Estimates • Environmental impacts • Carbon sequestration • Foreign exchange rates and trade • Trade dependence on foreign oil for dependence on foreign sources of phosphorus fertilizer

  11. Questions? Aggregate Economic Cost of Biodiesel and Corn Ethanol per Net BTU of Energy Produced

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