Washington, D.C. — Policymakers across the political spectrum agree that the U.S. should reduce its reliance on imported oil, but cannot agree on which policies to favor. Much of the debate has centered on opportunities to improve the efficiency of cars and light trucks. A new report released today by the American Council for an Energy-Efficient Economy (ACEEE) broadens this discussion by showing how efficiency measures beyond those directed at passenger vehicles could help curb America's appetite for oil.
America's dependence on foreign sources of oil continues to grow. Without significant reduction in vehicle miles traveled, implementation of more fuel-efficient technology, or use of a diversity of fuels, this trend will continue.
Percentage of Oil Imported
Source: EERE's Transportation Energy Data Book Ed. 24
Projected Percentage of Oil Imported
Carbon dioxide is the predominant global warming pollutant, accounting for eighty percent of global warming emissions. Contrary to the goals set out in legislation recently considered in the U.S. Senate, emissions have continued to increase. Transportation is responsible for 32.3% of all carbon dioxide emissions in the U.S. While the U.S. has made progress in reducing vehicles' emissions of regulated pollutants such as ozone precursors, CO2 emissions from the transporatation sector continue to rise.
Growing U.S. Carbon Emissions
Tax Incentive Coalition Launches Web Site to Help Consumers and Businesses Save With New Energy Efficiency Tax Credits
Washington, D.C. — A new Web site from the Tax Incentives Assistance Project (TIAP) aims to help individuals and businesses cut their federal tax bills and their energy bills in 2006 and 2007 by becoming more energy efficient. Launched today, www.energytaxincentives.org provides information on valuable new federal income tax incentives in the Energy Policy Act of 2005 (EPAct).
Washington, D.C. — Proposed changes to the nation's passenger truck fuel economy standards fall far short of a solution to current energy problems, claims the American Council for an Energy-Efficient Economy (ACEEE). Worse yet, they offer the auto industry greater wiggle room to avoid making honest efficiency improvements in their vehicles.
WASHINGTON, D.C. — Today the American Council for an Energy-Efficient Economy (ACEEE) posted its estimates of tax credits for 31 hybrid and diesel cars and light trucks that fall under tax credit provisions of the new federal energy bill.
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.
A Red-Letter Year for Green Vehicles: Gasoline-Powered SUV Earns Spot on "Greenest Vehicles of 2005" List
WASHINGTON, D.C. — Amidst excitement over new advanced technology vehicles entering the market and worries about sustained high gas prices, the American Council for an Energy-Efficient Economy (ACEEE) today announced this year's "greenest" and "meanest" vehicles, along with the environmental scorings of all model year 2005 cars and passenger trucks.
WASHINGTON, D.C. — With oil prices spiking to almost a record $50 per barrel yesterday, the public has received another reminder of energy challenges confronting the United States. Pump prices for gasoline are again on the rise, heating oil prices are at record levels, and natural gas and electricity prices are poised to increase again. These price increases and the higher energy bills that result will put further pressure on the economy, imperiling the recovery.
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.