The U.S. Energy Information Administration’s (www.eia.gov) announced how U.S. ethanol exports in 2014 were the highest in three years.
“According to EIA monthly supply data through December 2014, which EIA released in late February, U.S. exports of fuel ethanol in 2014 reached their second-highest level at a total of 826 million gallons. This level was second only to the 1.2 billion gallons exported during 2011 and 33 percent more than exports of fuel ethanol in 2013.
“Similarly, U.S. imports of ethanol, which totaled approximately 377 million gallons during 2013, fell by 81 percent to a total of 73 million gallons in 2014, their lowest annual level since 2010. As a result, the United States was a net exporter of fuel ethanol for the fifth consecutive year and exported the fuel to 37 different countries in 2014,” the announcement noted.
What the data shows is that no nation is an island to itself. Although the U.S. is producing huge amounts of corn ethanol, much of it goes overseas while the U.S. still imports ethanol. Business ownership, including oil industry connections, and marketing seem to assure that the U.S. will never be depending solely on its own ethanil production unless there is an international emergency in energy. But it is also a fact that such an emergency that might require U.S. ethanol production to stay stateside, would not mean low fuel prices to the U.S. market.