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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Big Dog who wrote (86602)	6/22/2007 3:25:57 AM
From: elmatador	Respond to of 206325

Senate passed energy legislation package last night that would mandate the first substantial change in the nation's vehicle fuel-efficiency law since 1975 despite opposition from auto companies and their Senate supporters. The package, which still must pass the House, would also require that the use of biofuels climb to 36 billion gallons by 2022, would set penalties for gasoline price-gouging and would give the government new powers to investigate oil companies' pricing. and last week: Senate approval to continue the 54-cent-a-gallon tariff, that it was forcing East Coast motorists to pay more to gas up their cars. The ethanol industry easily survived a challenge in Congress to the tariff that protects U.S. producers from competitors in Brazil and elsewhere. Perhaps the tariff is to force high fuel prices to force the auto-industry to increase mileage :-)