Wednesday, December 19, 2007

Bush Signs Energy

President Bush signed the energy bill today only hours after it was passed by Congress. This bill has long been in the making and includes significant componenets that will help reduce America's dependency on foreign oil sources. Highlights include:

The bill, which passed on a bipartisan vote of 314 to 100, sets higher fuel economy standards for cars and light trucks by law for the first time in 32 years and requires the production of 36 billion gallons of renewable fuels by 2022, a nearly fivefold increase from current ethanol production levels.
The measure also establishes new efficiency requirements for household appliances and government buildings and sets a goal of phasing out the incandescent light bulb within 10 years.

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