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15:34 December 18th, 2007

Biofuels and auto efficiency: U.S. set to adopt new energy legislation

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Posted by: Richard Valdmanis
Tags: Energy, Grains Insight

President George W. Bush will sign into law an energy bill this week that will boost fuel efficiency of U.S. cars and trucks for the first time since 1975, and require a huge increase in the use of biofuels like ethanol.

The move comes in a year oil prices struck an all-time high near $100 a barrel amid concern that demand is rising more quickly than supply.

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One comment so far

December 28th, 2007
5:42 pm GMT

i heard on national news last night that next year oil prices in America may go up to 6.00 dollars a gallon…i couldnt find any follow up news on this report…was it true or just propaganda?

- Posted by Maggie Jones

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