G8 seeks oil savings, but no cut in US gasoline use

[Eugene]

G8 seeks oil savings, but no cut in US gasoline use

By Tom Doggett
Reuters
Sunday, July 16, 2006; 1:32 PM

ST PETERSBURG, Russia (Reuters) - The Group of Eight (G8) rich nations said
on Sunday they would take steps to reduce demand for transportation fuels,
but the Bush administration came out a big winner as there was no call for big
increases in the fuel efficiency of U.S. cars and trucks.

Meeting in St. Petersburg for their annual summit, the G8 leaders said in an
energy communiqu¿ that two-thirds of world's oil is consumed by the transportation
sector and its fuel consumption is outpacing general energy demand. Therefore,
they said they would make transportation more energy efficient.

<snip>

However, the document avoided calling for significantly higher vehicle fuel
standards.

That is good news for the Bush administration, which is opposed to large increases
in fuel requirements because it fears smaller unsafe vehicles would be produced and
U.S. automakers would suffer financially.

<snip>

Full article: http://www.washingtonpost.com/wp-dyn/content/article/2006/07/16/AR2006071600354.html

[thefuzz811]

1. I don't know why they fear that......

because they would be able to sell them in other countries. They say they would loose money, but aren't they millions in the red right now.

[Eugene]

2. Welcome to DU!

:hi:
:toast: