Word: fuel
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...stood in the rose garden on May 19 with state governors and auto executives to announce a new deal that tightens automobile fuel-efficiency standards, Barack Obama took note of the glorious weather. "The sun is out because good things are happening," he said...
Many environmentalists - who spent the eight years of the Bush Administration in the cold - would agree. Obama announced tough new national standards for automobile emissions and fuel efficiency that essentially settled a long-running battle between environmentalists and the car industry in favor of the greens. Under the proposed rules, which would begin to take effect in 2012, new cars and trucks will need to have an average fuel efficiency of 35.5 m.p.g. (6.6 L/100 km) by 2016 - almost 40% cleaner than they are today. The regulations would be the first national limit on U.S. greenhouse-gas emissions and could...
Obama assembled all the major players - California Governor Arnold Schwarzenegger, GM CEO Fritz Henderson, Michigan Representative John Dingell - some of whom are still locked in lawsuits over California's earlier attempts to pass its own stricter fuel-efficiency standards. (Under the Clean Air Act, the state has the right to implement auto-pollution regulations that are tougher than national laws, provided that the Environmental Protection Agency issues a waiver, which was denied under George W. Bush.) For Obama, the simple fact that these habitually warring parties were willing to come together on the new requirements was as important...
...appetite for small cars. As long as the price of gas remains volatile, it's far from certain that Americans will buy the more efficient cars and trucks the new standards will require automakers to produce. In the long run, though, a gas tax that puts a floor on fuel prices may be the only way to break America's SUV addiction. But Obama has said he's not interested. "You need a price signal. Regulations alone won't do it," says Lester Lave, director of the Carnegie Mellon Green Design Initiative...
...Seoul flatly told President Obama earlier this week not to go back to simply trying to bribe the North out of its nuclear program. Japan is more or less in the same place. China, which could inflict considerable economic pain on Pyongyang by cutting off trade and fuel shipments, now must decide whether or not, in truth, a nuclear North is against its "core interests." And it must do so with the world very much watching. Expect a senior envoy from Beijing to fly to Pyongyang at some point in the next few weeks or so for a conversation that...