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Brian Wingfieldfollowshare
12-19-2007 11:37 AM
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It's called an energy bill, but this is not what many lawmakers hoped for. True, it raises fuel economy standards significantly and it boost biofuel production, but it includes basically no incentives for renewables such as wind and solar power. Big Oil got away on this one without a tax increase that would have paid for renewables, but the writing's on the wall for the oil industry--the fuel economy and biofuel hike are aimed at reducing the country's oil appetite. For 2009, the energy debate in Congress shifts to climate change. -- Brian Wingfield
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