Tomorrow President Barack Obama will issue new vehicle emissions standards that will include a green house gas emission reduction of about 30 percent, according to early reports. Thus, by 2016 CAFE will be increased to 35 mpg – the number CAFE is now to achieve by 2020.
So, by 2016 America will still be heavily addicted to foreign oil?
Obviously, this is a step in the right direction. Unfortunately, it also demonstrates how dependent America will be upon foreign oil for many, many more years.
Also, I cannot help but wonder, can US automakers make enough profit along the way to such standards?