Health... Auto... What's Next?
In a recent article, it told of the new reversal on a 20 year ban that President Obama announced today. This would increase offshore drilling around the Gulf of Mexico. The EPA and Department of Transportation are expected to sign the final rule on Thursday, declaring new standards for the U.S. auto fleet. This bill forces U.S. automakers to produce vehicles that average 35.5 miles per gallon by 2016 and will start in 2012. How much will this cost the consumer? We all know that hybrid cars get better gas mileage, but they also cost thousands more. This bill by the EPA will raise the prices of cars forcing the average consumer to spend more money on something that might pay off over time. Here is my problem with this. We don’t want to pay the high price for oil that comes from the Saudi Arabia and the Middle East, so we decide to drill for our own oil. Sounds nice, but then U.S. automakers are forced to increase car standards that result in the consumer paying more anyway. Where is the savings? How can President Obama push for economic growth by regulating everything so tightly?