Having botched the immigration bill and failed to muster enough votes for a no-confidence vote on the attorney general, the U.S. Senate has now turned its attention to the subject of the nation's energy policy.
"With gasoline prices hovering near all-time highs, the Senate on Monday began debating a sprawling energy bill that has already kicked off an epic lobbying war by huge industries, some of them in conflict with one another: car companies, oil companies, electric utilities, coal producers and corn farmers, to name a few," the New York Times reported today.
"Industry gro
ups have raced to sign up influential lawmakers and are nervously calculating how much regulation they might have to accept from the Democratic majority in Congress," the Times story noted. "Detroit’s automakers are lobbying hard against tough fuel economy standards, but they support increased production of ethanol and other alternative fuels."
According to the Los Angeles Times, Senate Majority Leader Harry Reid was promising tougher fuel-economy rules, which have been blocked for years by lobbying from Detroit automakers.
"The measure would boost fleetwide average fuel economy standards to 35 mpg by 2020, up from 25 mpg," the LA Times reports. "It would increase standards by 4% a year from 2021 to 2030. If passed, it would be the first increase in standards for passenger cars in about 18 years. The first increase could come in model year 2011."
But there's far more on the table besides fuel-economy standards for cars. The energy bill "would also ramp up domestic production of alternative fuels, from about 7 billion gallons projected this year to 36 billion gallons by 2022," the LA Times reports. "It would authorize funding for projects to capture greenhouse gases emitted by power plants and other polluters. It would promote energy efficiency in such products as light bulbs and big-screen TVs."
Although the Senate has set aside two weeks for debating the issues, the New York Times reports, some of the most basic questions have yet to be dealt with: "Does 'clean' and 'renewable' energy include nuclear power? Should the government subsidize only 'renewable' fuels, like wind or ethanol, or should it subsidize 'alternative' fuels, including coal-based liquids, that might substitute for oil and reduce dependence on foreign oil?"
Stay tuned. Whatever happens, it's lliable to cost you money.
To read the full NYT story, click here:
http://www.nytimes.com/2007/06/12/washington/12energy.html?ex=1339300800&en=0e77afb0bcc82757&ei=5088&partner=rssnyt&emc=rss
For the LA Times story, click here:
http://www.latimes.com/news/nationworld/la-na-energy12jun12,0,7081558.story?coll=la-home-center
--Craig Pittman