Senators Barack Obama (D-IL) and Richard Lugar (R-IN) introduced the American Fuels Act of 2006 to the U.S. Senate last week, a bill designed to promote bio and alternative fuels in the hopes of reducing the nation’s dependence on foreign oil.

The bill includes some interesting ideas, including an Alternative Diesel standard that requires 5-percent of the nation’s annual diesel pool be comprised of alternative diesels, a tax credit for automakers of $100 per flex-fuel vehicle produced, allowing the public access to alternative fueling stations on federal property and, this one’s a biggie, the establishment of the Office of Energy Security, complete with its own cabinet member, the Director of Energy Security.

We’re curious to know if you think this new bill has teeth or if its another case of a pair of politicians flapping their gums.

[Source: GreenCarCongress]