source: F.O. LichtThe Global Renewable Fuels Alliance in cooperation with F.O. Licht released its global annual ethanol production forecast earlier this month.The GRFA forecasts ethanol production to hit 88.7 billion liters (23.4 billion gallons) in 2011, "replacing the need for one million barrels of crude oil per day worldwide." The GRFA predicts a growth of over 3 percent in global production