API: Senate Bill "Will Do Nothing" (and that's a quote!)

Bloomberg.com ran a long story today regarding the Senate's passage of an energy bill. As you'll recall, the bill will improve car fuel economy standards and increase use of alternative fuels. Those sound like pretty good ideas. Apparently, the majority of US Senators felt so too (for the record, the vote was 65 to 27).

It's worth noting, from the news story, the America Petroleum Institute's response:

"Karen Matusic, a spokeswoman for the American Petroleum Institute, said the Senate bill ``will do nothing to meet our energy challenges going forward, and it will do nothing to increase our supplies of oil and natural gas."

Source: Bloomberg.com

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