US Oil Industry Panel Endorses Higher Auto Fuel Efficiency Rules

The National Petroleum Council's 'Hard Truths' panel said the fastest way to cut U.S. crude oil usage would be to reduce gasoline use in passenger vehicles.

Published: 19-Jul-2007

WASHINGTON, July 18 (Reuters) - A U.S. oil industry group on Wednesday called on the country's automakers to double the fuel efficiency of new vehicles by 2030, putting Big Oil at odds with Detroit, its traditional ally.

The U.S. National Petroleum Council -- a board of high-level U.S. oil industry executives -- unveiled some details of its study, "Facing the Hard Truths about Energy," conducted at the behest of U.S. Energy Secretary Sam Bodman.

One "hard truth" was that global energy demand could rise by over 50 percent by 2030, with the world still relying on traditional supplies like crude oil, natural gas and coal.

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