Monday, December 10, 2007

Energy Bill and Farm Bill becoming linked

As the year comes to a close the Senate is considering both the farm bill and the energy bill. In their current format, President Bush has said he will veto both of them. One item that is seeing some overlap in both bill is the amount of biofuels that would be required for blending nationally:

The new U.S. farm law would require use of 36 billion gallons of biofuels by 2022, five times more than this year's output, under an amendment offered on Monday as a fallback in case an energy bill falters.
Senate leaders hope to pass the five-year, $286 billion farm bill by the end of this week. Senators also are expected to vote this week on an energy bill, which also would set a 36 billion-gallon (137 billion-liter) "renewable fuels standard."
New Mexico Republican Pete Domenici said the new RFS would "reinvigorate" the ethanol industry, encourage development of cellulose as a feedstock for ethanol and
expand the volume of home-grown U.S. fuels.

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