Sunday, July 31, 2011

Energy-- Good News

Automakers are not protesting Obama's increase in fuel standards to 54.5 MPG from the current 27 corporate average by 2025. The president calls for five percent a year improvement from 2017 to 2025.
This is a different posture from that taken by the automakers four years ago. Apparently the companies thought it would be bad form to oppose the new standards after the goverment saved their butts with bailouts.

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