New U.S. Congress Looks to Boost Alternate Fuels
WASHINGTON (Reuters) - U.S. lawmakers unveiled a raft of energy-related bills in the early hours of the 110th Congress aimed at boosting fuel ethanol use, extracting liquid fuels from coal and tightening automobile fuel efficiency rules.
Sign up for: Globe Headlines e-mail | Breaking News Alerts But instead of heaping all their ideas into a behemoth energy bill like they did in 2005, this year's Congress looks poised to pursue energy legislation on a piecemeal basis.
U.S. crude oil prices shot to nearly $80 a barrel in 2006 and sounded alarms across Capitol Hill. Mild winter temperatures, new global supplies and slowing economic growth have sparked a 10 percent decline in prices since the beginning of 2007 - the sharpest drop since December 2004.
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Congressman Roscoe Bartlett addresses press, along with Hirsch Report Roger Bezdek (background).
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