Word: fueled
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Dates: during 1990-1999
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Quayle's council has also fought an increase in the Corporate Average Fuel Economy (CAFE) standards which would raise fuel efficiency standards 20 percent by 1996 and a further 20 percent by the year 2001. Such regulations would, according to energy experts, save two million barrels of oil per day and eliminate 300 million tons of carbon dioxide by the year 2008. However, Quayle and his council rejected the proposal, arguing that it would force the automobile industry to produce lighter and smaller cars that would result in greater traffic fatalities...
...these goals to be reached? None of the candidates seems to have a clear idea. Clinton's proposal to raise fuel-efficiency standards sounds most promising, but the danger is that negative pressures rather than positive incentives would be used to make businesses comply. Bush, picking up on this possibility, advocates a hands-off approach and scares voters with images of companies going bankrupt due to strict regulations...
Unlike "save the beetle" legislation, which envisions business and most other human activity as a boot stomping on the face of Mother Nature, fuel-efficiency regulations work to the long-term benefit of the auto industry. Rather than curtailing human mastery of nature, they enable us to manage our natural resources prudently and spur us to develop new technologies that will let our technological civilization last longer...
...these cars generally get better gas mileage than American ones. For whatever reason, the prospect of this competition has not sufficed to spur American manufacturers to improve. Governmental incentives and/or regulations might really force American auto manufacturers to start improving. It worked in 1978, when Congress set corporate average fuel economy standards that made many auto companies race to bring themselves up to par. In the process, they developed new technology that helped the industry...
Interest rates and inflation are unusually low, meaning future borrowing will probably be more expensive and cost-of-living increases won't be as low as last year. Fuel prices aren't probably won't be falling either...