The Obama administration today plans to propose tough standards for tailpipe emissions from new automobiles, establishing the first nationwide regulation for greenhouse gases.
It will also raise fuel efficiency targets to 35.5 miles per gallon for new passenger vehicles and light trucks by 2016, four years earlier than required under the 2007 energy bill, sources close to the administration said.
The measures are significant steps forward for the administration's energy agenda by cutting greenhouse-gas emissions that contribute to climate change and by easing U.S. dependence on oil, most of which is imported.
As Jim notes, "Oil will only be cheap when we can't afford it." This will go a long way in helping the country prepare for when the economy becomes upright and oil starts its inevitable upward spiral. Perhaps, just perhaps, we'll be a bit more ready.
I find it interesting that the auto companies have given up the fight against the fleet-wide standards; I guess that coming to D.C. with cap in hand and a change in management was just the thing needed to break the logjam.