backtop


Print 95 comment(s) - last by Boingo Twang.. on Mar 7 at 11:06 AM


Rep. Darrell Issa (R-Calif.)
Rep. Darrell Issa (R-Calif.) found that White House advisers had a great deal to do with the writing of the rules

Last week, 30 U.S. senators (29 of which were Democrats) gave President Barack Obama their support for the 54.5 mpg fuel standard by 2025. However, House Republicans still had a bone to pick with these new rules.

The new Corporate Average Fuel Economy (CAFE) proposal, which was introduced by the Obama administration, the state of California and major automakers, aims to increase the average fuel economy of cars and light trucks sold in the U.S. to 54.5 mpg by 2025 in an effort to reduce greenhouse gas emissions and the U.S.' dependency on foreign oil.

When the new rules were initially proposed last year, major automakers like Ford Motor Co., General Motors Co. and Chrysler backed it. However, the standard had some strong opposition from the National Automobile Dealers Association (NADA), who said the new rules would tack an extra $5,000 to the sticker price of new vehicles in 2025, as well as Republicans who worked to block the standard last fall because they believed that it would regulate many new vehicles that sell for under $15,000 entirely out of existence.

Now, despite the rules getting the green light from 30 U.S. senators, House Republicans still have beef with the new rules. More specifically, GOP has been looking into how involved Obama's advisers were in the development of the new 2017-2025 fuel efficiency standards.

Rep. Darrell Issa (R-Calif.) said he investigated Obama's advisers' involvement last August when speaking to White House Counsel Kathryn Ruemmler.

"Your response seemed to imply that the Executive Office of the President was not significantly involved in the development of these fuel economy/greenhouse gas emissions standards," Issa wrote to Ruemmler.

As it turns out, Issa's investigation discovered that there was indeed substantial participation in the development of the new standards by the White House's Office of Management and Budget, Domestic Policy Council, National Economic Council and Council of Economic Quality.

Ron Bloom, a White House adviser under the Obama administration, spent weeks trying to negotiate with automakers for support regarding the 54.5 mpg by 2025 standard. Bloom also spoke with lobbyists daily in July 2011, ad former White House Chief of Staff Bill Daley met with Ford CEO Alan Mulally.

A finalized version of the rules is due this summer.

Source: The Detroit News



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

RE: Want to save some money?
By nolisi on 3/1/2012 8:03:54 PM , Rating: 1
Presidents can have a direct effect on gas prices- it happens when you start dropping bombs on oil rich nations and speculators start getting nervous. Other than that any measures we take to increase supply could have no effect as other producers can always adjust production to keep prices high. We saw this in the California electricity crisis- California had plenty of capacity to produce more, but energy producers started shutting off generators to create supply shortages. The same thing can happen with oil refinement.

Since the invasions of Afghanistan and Iraq, prices of crude oil have climbed steadily. It was only in the midst of the recession (when Bush left office) that prices dropped. It had little to do with his policies by that point and more to do with the fact that oil consumption, by all accounts, dropped.

I promise you the price of batteries, electronics and other commodities will go up if we start a war with China.

There's nothing voodoo about prices raising when you bomb a country heavily involved with the supply side of a commodity.

Has Obama started bombing some oil rich country that I don't know about, thusly explaining his direct effect on prices?


RE: Want to save some money?
By 91TTZ on 3/1/2012 10:41:24 PM , Rating: 2
Well he did bomb Libya...


RE: Want to save some money?
By thurston2 on 3/1/2012 11:08:39 PM , Rating: 3
Yes he did. That is one of the many things that makes him very Bush like.


RE: Want to save some money?
By ekv on 3/2/2012 4:05:37 AM , Rating: 3
F.U.
quote:
Since the invasions of Afghanistan and Iraq, prices of crude oil have climbed steadily. It was only in the midst of the recession (when Bush left office) that prices dropped. It had little to do with his policies by that point and more to do with the fact that oil consumption, by all accounts, dropped.
Oil price isn't going up. It's relatively steady. Look at the charts.

http://www.incrediblecharts.com/economy/gold_oil_r...

A sharp drop in crude prices in late 2008 distorted the ratio, causing an incorrect sell signal. Since then, from mid-2009 to 2011, the ratio has oscillated in a narrow range betweeen 12 and 18.

The dollar is cratering. That's what happens when somebody, by executive fiat, simply prints an extra $1T. Obama would be the executive, but you can damn well rest assured the buck don't stop there. Pansy.

I will permit you to apologize. Now.


RE: Want to save some money?
By Keeir on 3/2/2012 10:36:08 AM , Rating: 2
Worldwide "Demand" for oil (millions of billions of barrels a day)

2001 - 79.5
2005 - 78.2
2007 - 76.3
2009 - 75.9

If "Demand" and "War" were the sole drivers, one might think gas should be significantly less expensive through 2009-2010 than any period in the past decade. Not really the way I remember it.


RE: Want to save some money?
By corduroygt on 3/2/12, Rating: -1
RE: Want to save some money?
By mindless1 on 3/2/2012 11:18:44 PM , Rating: 1
Give it up, you're Just. Plain. Wrong.


RE: Want to save some money?
By corduroygt on 3/2/12, Rating: 0
RE: Want to save some money?
By thurston2 on 3/3/2012 5:18:23 PM , Rating: 2
He's mindless what do you expect.


RE: Want to save some money?
By mindless1 on 3/3/2012 6:20:26 PM , Rating: 1
Other people already DID. I would've just downrated the posts but I lost that option after posting in the topic.


"Intel is investing heavily (think gazillions of dollars and bazillions of engineering man hours) in resources to create an Intel host controllers spec in order to speed time to market of the USB 3.0 technology." -- Intel blogger Nick Knupffer














botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki