Mitt Romney: Is ethanol overhyped?
Widely recognized for his leadership and accomplishments as a public servant and in private enterprise, former Massachusetts Governor Mitt Romney currently serves as the Honorary Chairman of the Free and Strong America PAC.
In 2008, Governor Romney was a leading candidate for the Republican presidential nomination and distinguished himself as an important voice in favor of strengthening our economy, military, and families. Elected Governor of Massachusetts in 2002, Governor Romney presided over a dramatic reversal of state fortunes and a period of sustained economic expansion. Without raising taxes or increasing debt, Governor Romney balanced the budget every year of his administration, closing a $3 billion budget gap inherited when he took office. By eliminating waste, streamlining the government, and enacting comprehensive economic reforms to stimulate growth in Massachusetts, Romney got the economy moving again and transformed deficits into surpluses. One of Governor Romney’s top priorities as Governor was reforming the education system so that young people could compete for better paying jobs in the global economy of the future. Romney was CEO of Bain & Company, co-founded Bain Capital and served as the CEO of the 2002 Winter Olympics. Born in 1947, Romney earned his B.A. at Brigham Young University and his J.D. and M.B.A. from Harvard University.
Question: Is ethanol overhyped?
Mitt Romney: Well at this stage there’s great hope, of course, because if we can find ways through cellulosic ethanol to develop fuels that are economic, why it can be a great boon. I think we’re gonna have to wait for the science to tell you the answer to that. But I do believe that we as a nation must establish a national priority to become energy secure and energy independent. And that means we’re gonna develop new technologies, whether cellulosic ethanol or . . . or bio diesel, bio fuel, wind power, solar power, nuclear power, liquefied coal, more gas power to electric facilities. There are a whole host of things we can do to generate our own sources of energy. And at the same time we can be more efficient in our use of energy. The combination of those things being driven by science and by public-private partnerships I think can get America on a track to finally stop talking about energy independence and get there.
Recorded on: 11/26/07
We as a nation must establish a national priority to become energy secure and energy independent, Romney says.
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