Congress sends bill raising fuel efficiency standards to Bush, Congress passes bill raising auto fuel efficiency standards to 35 mpg Options

[GriffGirl]

Okay, so on a more intellegent note in hopes of redeeming myself from participating in the debachery that was the SUV debate from hell thread, I saw this on CNN.com today. Any opinions?


Congress sends bill raising fuel efficiency standards to Bush


It's really better to read the whole article, but here's a brief synopsis (quoted from the article):

• President Bush will sign bill on Wednesday, White House says
• Congress passes bill raising auto fuel efficiency standards
• Increase to fleet average of 35 miles per gallon is first in 32 years
• Legislation lacks higher taxes on oil companies sought by Democrats

Democrats said the fuel economy requirements eventually -- when the fleet of gas-miser vehicles are widely on the road -- will save motorists $700 to $1,000 a year in fuel costs. They maintain the overall bill, including more ethanol use and various efficiency requirements and incentives, will reduce U.S. oil demand by 4 million barrels a day by 2030, more than twice the daily imports from the volatile Persian Gulf.

The automakers have repeatedly fought an increase in the federal fuel standard, known as CAFE, maintaining it would limit the range of vehicles consumers will have available in showrooms and threaten auto industry jobs. Bush also has argued against an arbitrary, numerical increase in the fuel efficiency requirement, preferring instead legislation to streamline the federal requirements and market incentives to get rid of gas guzzling vehicles.

[Galcobar]

Well, he hasn't sold a failed company to the Saudis in a while, so with his attention span, he might have forgotton who made most of his fortune....