USD College Republicans

Thursday Dec 06, 2007

A closer look at CAFE standards

FreedomWorks' Peter Suderman writes about the proposed increased CAFE standards.
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"Tough new fuel economy standards could backfire in a more fundamental way. With oil selling at close to $100 a barrel, a bonanza awaits the first automaker to develop affordable, high-performance vehicles that run on rechargeable batteries, fuel cells, or some other low-emitting or non-emitting propulsion system. But only prosperous companies can afford to plow billions into R&D. Capital spent complying with arbitrary fuel economy mandates is capital unavailable for investment in breakthrough technologies."
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-Matt Hittle

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