Bush signs bill boosting fuel standards - Yahoo! News: "President Bush signed into law Wednesday legislation that will bring more fuel-efficient vehicles into auto showrooms and require wider use of ethanol, calling it 'a major step' toward energy independence and easing global warming.
The legislation increases the federal standard automakers must meet to an industry wide 35 mpg for passengers cars, SUVs and small trucks. The standard for cars today is 27.5 mpg and for trucks and SUVs 22.2 mpg.
It requires refineries to increase the use of ethanol from about 6 billion gallons a year this year to 36 billion gallons by 2022 and mandates that by then at least 21 billion gallons are to come from feedstocks other than corn.
The bill also calls for improved energy efficiency of appliances such as refrigerators, freezers and dishwashers, and a 70 percent increase in the efficiency of light bulbs. It also calls for energy efficiency improvements in federal buildings and construction of commercial buildings.
The overall bill including more ethanol use and various efficiency requirements and incentives, will cut U.S. oil demand by 4 million barrels a day by 2030, more than twice the current daily imports from the volatile Persian Gulf, Democrats said."
Wednesday, December 19, 2007
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