WASHINGTON — Despite its title as the ‘American Clean Energy and Security Act,’ the energy and climate bill that the House of Representatives passed recently takes only a modest step toward reducing U.S. dependence on foreign oil. Two studies project that the legislation would cut oil use in the future, but not enough to make much of a dent in dependence on oil from unstable or unfriendly foreign suppliers. Some experts say that other steps will be needed to cut U.S. oil use significantly. The nonprofit American Council for an Energy-Efficient Economy examined the bill’s efficiency provisions and concluded that they would save 1.4 million barrels of oil per day in 2030. That’s roughly 10 percent of the projected use of 14.3 million barrels a day in that year, according to the government’s Energy Information Administration. The Environmental Protection Agency put the oil savings at 700,000 barrels a day by 2030. The EPA looked mainly at the bill’s terms that would put a declining cap on the amount of emissions of heat-trapping gases allowed each year and create a pollution-permit trading system. EPA’s analysis showed only a modest decrease because the bill would have little impact […]
Saturday, July 4th, 2009
House Climate Bill Wouldn’t Cut U.S. Oil Dependence Much
Author: RENEE SCHOOF
Source: McClatchy Newspapers
Publication Date: Fri, Jul. 03, 2009 05:52:47 PM
Link: House Climate Bill Wouldn’t Cut U.S. Oil Dependence Much
Source: McClatchy Newspapers
Publication Date: Fri, Jul. 03, 2009 05:52:47 PM
Link: House Climate Bill Wouldn’t Cut U.S. Oil Dependence Much
Stephan: