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  (Source: carinsurance.org)
The discussion aims to map out the future of advanced autos that will abide by the new fuel efficiency standards

Only weeks before the National Highway Traffic Safety Administration (NHTSA) is expected to complete the new fuel efficiency standards, the White House will hold a three-hour forum this Wednesday on the future of advanced vehicles.

The White House Council on Environmental Quality will host a forum on Wednesday called "Advanced Vehicles, Driving Growth." The discussion aims to map out the future of advanced autos that will abide by the new fuel efficiency standards.

"The Obama administration is bringing together diverse auto-sector stakeholders at a White House event to celebrate success stories in the remarkable resurgence of the auto industry and spotlight leaders who represent President Obama's vision of out-innovating and out-manufacturing the rest of the world," said Taryn Tuss, White House CEQ spokeswoman.

"In partnership with auto manufacturers, the United Auto Workers, states and environmental stakeholders, the Administration has developed historic fuel efficiency standards that will nearly double the fuel efficiency of cars and light duty trucks by 2025, save consumers $1.7 trillion at the pump, and encourage innovation and investment in technologies that increase our economic competitiveness and reduce our dependence on foreign oil."

The forum aims to continue taking suggestions for rule changes, mainly from foreign automakers from countries like Germany who feel the rules have been biased toward U.S. automakers.

Last year, major automakers, the state of California, and the White House agreed on the new Corporate Average Fuel Economy (CAFE) proposal for 2017-2025 that would boost fleet wide fuel economy to 54.5 mpg by 2025. The effort aims to reduce greenhouse gas emissions and lessen the country's dependency on foreign oil.

The new fuel efficiency standards for 2017-2025 will cost the auto industry $157.3 billion and add an extra $2,000 to the sticker price of new autos, but it will save consumers $1.7 trillion at the gas pump.

The NHTSA will finalize the fuel efficiency standards by the end of July 2012.

Source: The Detroit News



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RE: foreign oil, eh?
By boeush on 6/27/2012 6:41:10 PM , Rating: 2
With your attitude and lack of awareness, I doubt you'll ever be rich.

Maybe you haven't heard, but there are about 3+ Billion people in Asia (between China, India, and the rest) who are racing to catch up to U.S. in terms of living standards (and that includes fuel consumption.) That's not counting Latin America, and inevitably (sooner or later) Africa. If you are fantasizing about this burgeoning demand being met by the falsely inflated reserves of OPEC, prepare yourself for a major let-down. And if you think it's going to be fulfilled by shale oil, tar sands, gas-to-liquids, coal-to-oil, or ultra-deep oceanic wells, prepare to pay $200/barrel in a not-too-distant future.

That's what Peak Oil means. It doesn't mean oil is suddenly going to vanish from the world. It means the price of oil world-wide is going to continue trending like this:

http://www.indexmundi.com/commodities/?commodity=c...

-- because all the cheap and high-quality sources are either dry or running down, and all the remaining ones are increasingly expensive to get at and refine. Additionally, the world will struggle just to maintain the current levels of production (replacing the depleting sources with new sources), even while world-wide demand continues to explode.

By the way, the last time oil prices were anywhere close to as high, was during the Iran Oil Crisis back in the 1970's.

http://www.wtrg.com/oil_graphs/oilprice1947.gif

In your highly educated and obviously non-brainwashed opinion, what's the excuse today?


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