Case IH Power Tab

Farm Futures
   Search Site:   Friday, May 25, 2012 | Bookmark This Site   
Skip Navigation Links
Home
Markets
News
Weather
Farm Futures NOW!
Magazine Online
RSS News
Land For Sale
Mobile
Subscribe
Reprints
Register
Login
About Us
Advertise
 
Share This
 

Bush Calls for Lower Gasoline Consumption

In his State of the Union address, President Bush asked for a 20% reduction in gasoline consumption in the next 10 years.
Compiled by staff 
Published: Jan 23, 2007

In his Jan. 24 State of the Union address, President George Bush proposed a plan to significantly reduce U.S. gasoline consumption and boost biofuels.

Bush proposed a "Twenty in Ten": a 20% reduction in gasoline consumption in 10 years. The plan would include the production of 35 billion gallons of ethanol and other renewable fuels by 2017 - which would replace an estimated 15% of projected gasoline use - and tighter fuel economy standards on new vehicles.

Bush will also call for a bolstered Strategic Petroleum Reserve in order to provide a reliable backup during a crisis.

The current renewable fuels standard requires blenders to use 7.5 million gallons of renewable fuels by 2012. The new standard would require close to five times that amount by 2017, but it would also contain "safety valves," allowing the EPA Administrator, the Secretary of Agriculture or the Secretary of Energy to "waive or modify the standard if they deem it necessary." The White House release also says that the plan would include automatic protection against spikes in the prices of alternative fuels or their feedstocks.

According to a White House release, the plan would deal with global warming by stopping the rising amount of carbon dioxide emissions from motor vehicles by 2017.



Permalink: Click here

Tagged: ethanol, EPA, biofuels

Comments
Read comments from others and share your own thoughts.
Please provide the answer to the following question:

 = 
 
Search this site:   

Read More Stories
Satellite Imagery Shows the Good and the Bad
Read this storyMany crop areas are doing better than normal, but a few problem areas are beginning to show up as well including the winter wheat crop.
Read this story

Settlement Offered in Atrazine Herbicide Case
Read this storySyngenta reaches a deal with several community waters systems, to end a lawsuit against atrazine; product to remain available to the U.S. market.
Read this story

Farm Bill Heads for Senate Floor
Read this storyCleared by the Senate Ag Committee in April, the farm bill is now ready for debate on the floor.
Read this story

 
Morning Call by Bryce Knorr
Livestock Call By John Otte
Satellite Imagery Shows the Good and the Bad
The Buzz: Grain Market Chaos Continues
Farm Bill Heads for Senate Floor
Afternoon Recap by Arlan Suderman
Settlement Offered in Atrazine Herbicide Case
Meat Exports Holding Steady
MF Global Friday: Exec Pay Surprise
Weak Corn Exports Undermine Farm Futures Prices
Top 50 Tags
4-H afternoon recap American Farm Bureau Federation American Soybean Association animal health arlan suderman biodiesel biofuels bryce knorr BSE Bushel checkoff cotton Drought Environmental Protection Agency EPA ethanol Extension extension service farm farm bill Farm Bureau farm futures farm futures magazine farm futures market farm progress Farm Service Agency farmfutures farmfutures.com farming farmprogress.com fertilizer FFA free trade agreement Harvest insurance labor legal National Cattlemen's Beef Association National Corn Growers Association NCGA soybean soybean association soybeans SURE usda wheat winter wheat www.farmfutures www.farmfutures.com