On Wednesday, President Barrack Obama spoke at Georgetown University outlining a four-part "Plan for American's Energy Security." With gas prices approaching $4 per gallon, the plan incorporates many elements, including biofuels such as ethanol, and offers concrete measures to curb the rapidly rising energy prices affecting every American.

"We are pleased to see that the president has chosen to incorporate ethanol, a proven renewable fuel source, in his energy plan," said National Corn Growers Association President Bart Schott. "With rising fuel prices hitting farmers, as well as consumers, U.S. corn growers are proud to be part of the solution."

Noting that sharp increases in gasoline prices have been felt by everyone from farmers to suburban families, the president stressed the importance of creating a more secure tomorrow by taking tangible measures to improve our energy independence today. He proposes a three-part strategy that would reduce dependence upon foreign oil by developing domestic supplies of oil and gas, leveraging these supplies with cleaner, alternative fuels like ethanol, and increasing energy efficiency. The plan as laid out aims to reduce oil imports by a third from 2008 levels of 11 million barrels per day.

The president acknowledged that some of the most effective opportunities to enhance energy security can be found on our nation's farms. Directly recognizing that ethanol already has and continues to reduce our oil dependence, he noted that infrastructure challenges must be overcome in order to increase the market share of this proven, existing technology.

The president outlined the portion of this energy plan that would maximize the impact of our fuel supply by increasing energy efficiency. In an effort to lead by example, the Administration has called for administrative action directing agencies to ensure that by 2015 all new vehicles purchased will be alternative-fuel vehicles. Currently, the federal government operates more than 600,000 fleet vehicles, and while the number of alternative-fuel vehicles has doubled in recent years, this action would further demonstrate the Administration's faith in these important technologies.

To read the details of the plan in their entirety, click here.

Source: NCGA