Wednesday, December 19, 2007

US Congress Passes Historic Energy Bill

US Capitol Food and Fuel Congress Passes Energy Bill EthanolThe bipartisan US House of Representatives overwhelmingly, 314 to 100, passed an energy bill on Tuesday. The senate passed similar energy legislation last week. President Bush is expected to sign the legislation as early as Wednesday.

The historic legislation improves fuel economy and reduces demand for oil. Most importantly, it includes a 35 billion gallon Renewable Fuel Standard (RFS) provision. Other specifics of the bill include:
  • Require 9 billion gallons of renewable fuels in 2008 and increasing to the 36 billion gallon requirement by 2022, including a 1 billion-gallon mandate for biodiesel;
  • Increase the Corporate Average Fuel Economy (CAFE) standard to 35 miles per gallon by 2020, the first congressional increase in 32 years;
  • Study the feasibility of ethanol pipelines, higher ethanol blend levels and the optimization of flex fuel vehicles.
Click HERE for the final House vote results.

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