Energy Secretary Bodman: U.S. Will Need Ethanol Imports

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DAVOS, Switzerland — U.S. Energy Secretary Samuel Bodman said the U.S. will need more imports of ethanol to meet President Bush’s mandate to cut gasoline use.

Speaking to Dow Jones Newswires at the World Economic Forum, Bodman also said he does not see a 51-cent-a-gallon subsidy to U.S. farmers remaining in place beyond 2010 or an import tariff of 54 cents a gallon 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,” Bodman said.

[AP News via AutoBlogGreen]

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