The U.S. House of Representatives on Thursday passed an energy bill that would boost vehicle fuel economy requirements by 40 percent by 2020, raise ethanol use by five-fold by 2022 and impose $13 billion in new taxes on big energy companies.Great. So, the new bill takes 13 years to make us almost as fuel efficient as Europe is now. And if that doesn't get you all excited, Mr. "We're too dependent on oil" will threaten to veto this bill.
The centerpiece of the 1,055-page Energy Independence and Security Act is an increase in the Corporate Average Fuel Economy standards to 35 miles per gallon (15 km per liter) by 2020, the first congressional boost in fuel rules since 1975.
WTG!
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