Friday, July 25, 2014
Offering drivers the option of buying clean, low cost transportation fuel alternatives.
Reducing America's dependence on foreign oil.
Creating fuel sector jobs and economic growth.
Catalyzing the development of alternative fuel infrastructure.
Reducing carbon emissions and other pollutants from fuels and vehicles.
FuelChoiceNow believes that U.S. transportation fuel markets should be competitive, and consumers should have a choice at the pump. They think policymakers should take every reasonable step to open U.S. transportation fuel markets to alternative fuels because the economic consequences of oil dependence are severe. Virtually every facet of our economy is tied to oil prices. When oil prices spike, the costs of living and doing business follow.
They point out that oil price shocks and price manipulation by OPEC cost the U.S. economy roughly $1.9 trillion from 2004 to 2008, according to the U.S. Department of Energy. And 75 cents of every dollar spent on petroleum is exported out of the country, at the rate of almost $1 billion per day (source: ILSR, U.S. DOE).
Our economy will become more strained as the worldwide demand for oil increases and global oil reserves become more depleted and expensive. Over the course of history, a recession has followed every major oil shock, according to the U.S. Department of Energy. That would no longer happen with sufficient alternative fuels (and cars that can burn them) on American roads.
The more difficult-to-reach oil resources are dirtier (e.g. tar sands, thermally-enhanced oil recovery, heavy oil) and come with serious ecological risk (e.g. deep water spills such as the BP Gulf Spill).
There are affordable ways to significantly increase market access for alternative fuels in the immediate term. Flex Fuel Vehicles (FFVs) run on virtually any blend of ethanol, methanol and gasoline, and cost no more than gasoline-only cars. FFV technology is very cheap and already commercialized. In Brazil, about 90 percent of all new vehicles sold are flex-fuel, including those manufactured by well-known U.S. automakers.
Aggressive deployment of FFVs would immediately open U.S. fuel markets to robust fuel competition (rather than the feeble competition we have now). The costs of FFV deployment are very low and the Return on Investment (ROI) is extremely high. Aggressive FFV deployment comes at no cost to the U.S. Treasury.
Open fuel markets are critical to unfettering the natural market forces that will lead to major infrastructural developments (e.g. blender pumps).
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FuelChoiceNow is supported by alternative fuel production and technology companies, investors, and other clean tech entities.
FuelChoiceNow has a great lineup of supporters, and they share a common vision in which alternative fuels play an increasing role in an open and competitive U.S. transportation fuel marketplace that offers consumers a choice at the pump, allows alternative fuels to compete on a level playing field, and reduces U.S. dependence on foreign oil.
FuelChoiceNow strongly supports the aggressive deployment of Flex Fuel Vehicles (FFVs) as one of easiest and most affordable strategies to bring consumer choice to the pump in the immediate term, but also supports a longer term portfolio approach that includes electric vehicles, compressed natural gas vehicles, hybrids, and other practical alternatives.
Advanced Technology Ventures
Craton Equity Partners
Fulcrum Bio Energy
Globespan Capital Partners
Mohr Davidow Ventures
Osage Bio Energy
Paladin Capital Group
The above is an edited compilation of several of FuelChoiceNow's web pages.