New far-reaching energy bill

by Steve Tetreault and Jason C. Green, Stephens Washington Bureau: Congress passed (314-100) and the President signed into law last week legislation to promote energy efficiency and the use of ethanol fuel as a substitute for gasoline. The bill was one of the final and most far-reaching accomplishments by Congress this year.

Requires automakers to increase the fuel efficiency of cars, small trucks and SUVs by 40 percent, to an average 35 miles per gallon by 2020.

Requires fuel companies to increase their use of ethanol and other biofuels to 36 billion gallons by 2022, a fivefold increase.

Calls for the phase-out of incandescent light bulbs beginning in 2012. In the short term they may be replaced by small fluorescent bulbs now on the market that supply as much light using less energy. . . . [Read More]

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Tags: biofuels, energy bill, fuel efficiency, light bulbs, US Congress, US House To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!