U.S. Senator Mike Johanns is voicing concern about the U.S. Senate vote to completely eliminate ethanol tax credits on Thursday. He says there could be a lack of understanding ethanol provides to the U.S. energy supply.
The U.S. Senate voted 73-27 on the measure.
Senator Johanns says ethanol has become a significant piece of the U.S. energy supply. He says ethanol has displaced a lot of foreign oil, which he argues is a good thing.
Johanns also says ethanol accounts to about 10% of the energy supply in the U.S. and could grow.
The Senator says there will be no immediate effect on the ethanol industry because of today’s vote. He adds procedural problems with the measure could prevent it from advancing past the House.