WASHINGTON, D.C. — Painfully high gasoline prices have failed thus far to spur federal legislative action to address what looks increasingly like a long-term problem. Though futures prices for both gasoline and crude oil fell on the N.Y. Mercantile Exchange yesterday, they remain at historically high levels (in nominal terms). Crude futures prices topping $50 through 2009 suggest gasoline prices twice those of the past decade and call for steps now to protect our economy by reducing demand.
Extension of Dual-Fuel Loophole to Increase Oil Consumption by 40-110 Million Barrels Over Next Four Years
WASHINGTON, D.C. — The Bush Administration today extended for four years a policy that increases U.S. oil consumption by allowing auto manufacturers to gain fuel economy credits for making vehicles that can run on ethanol, but rarely do. The American Council for an Energy-Efficient Economy (ACEEE) estimates that extension of the "dual-fueled vehicle" loophole in the federal fuel economy ("CAFE") program will cause the United States to consume an extra 40–110 million barrels of oil in 2005–2008.
WASHINGTON, D.C. — The American Council for an Energy-Efficient Economy (ACEEE) welcomed U.S. Environmental Protection Agency's (EPA) launch today of the SmartWaySM Transport Partnership to to reduce greenhouse gas emissions and save energy in the movement of goods. Major shippers and carriers are among the charter partners in the new initiative.
WASHINGTON, D.C. — Amidst growing public interest in fuel efficiency and increasing concern about gas-guzzling SUVs, the American Council for an Energy-Efficient Economy (ACEEE) today released the new ACEEE's Green Book®: The Environmental Guide to Cars & Trucks - Model Year 2003.