Arab Today, arab today white house touts finalized fuel standards
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

White House touts finalized fuel standards

Arab Today, arab today

Arab Today, arab today White House touts finalized fuel standards

Washington - UPI

New fuel-efficiency standards of 54.5 miles per gallon for cars and light trucks would save U.S. consumers $1.7 trillion, the administration said Tuesday. The new standards, which will take effect for model year 2025 cars and light trucks, will reduce oil consumption by 12 billion barrels, the White House said in a statement. It will also reduce greenhouse gas emissions substantially, the statement said. The program takes the 35.5 miles per gallon standards due to take effect in 2016 to a new level. The White House said the standards \"will cut greenhouse gas emissions from cars and light trucks in half by 2025, reducing emissions by 6 billion metric tons over the life of the program -- more than the total amount of carbon dioxide emitted by the United States in 2010.\" \"These fuel standards represent the single most important step we\'ve ever taken to reduce our dependence on foreign oil. This historic agreement builds on the progress we\'ve already made to save families money at the pump and cut our oil consumption,\" President Barack Obama said. \"By the middle of the next decade our cars will get nearly 55 miles per gallon, almost double what they get today,\" he said, touting gains in energy security, environmental protection and economic savings. In some ways the new standards could be seen as a fallout of the financial meltdown of 2008. The White House pressed for the new standards soon after bailing out both General Motors Corp. and Chrysler Group, which had gone into bankruptcy in 2009, in part as a result of tighter lending standards. With billions of dollars loaned to the two companies, industry analysts figured the car companies had concluded it would be bad form to confront the White House on higher fuel efficiency standards. Not long before this -- in July 2008 -- the price of oil had shot up to a record price of more than $147 per barrel, which also put a damper on resistance to the new standards, which the White House had said would save automobile owners money over the average lifespan of a car. Compared to previous efforts to forestall or derail higher standards, resistance to the newest proposal was considered light.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today white house touts finalized fuel standards Arab Today, arab today white house touts finalized fuel standards

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today white house touts finalized fuel standards Arab Today, arab today white house touts finalized fuel standards

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan

GMT 05:10 2017 Wednesday ,14 June

Oil prices edge down

GMT 05:22 2017 Tuesday ,13 June

Oil rises as investors buy into US crude

GMT 15:11 2017 Saturday ,10 June

Oil prices steady despite supply glut

GMT 14:28 2017 Sunday ,04 June

Kuwait oil price down 52 cents to USD47.83 pb

GMT 23:44 2017 Saturday ,03 June

OPEC daily basket price for Tuesday, 30th May 2017
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday