How important is the auto industry to state and federal governments? According to the Center for Automotive Research, the industry accounts for $135 billion in annual taxes. In fact, a reported 13 percent of all state taxes comes from the automobile, or $91.5 billion in total.
If you've ever ridden on two wheels, the following scenario might sound familiar: You pull up to a red light on your motorbike, scooter, bicycle, what-have-you, and you wait for it to change. And you wait, and wait and wait. The problem is likely that your wheels haven't triggered the sensor embedded in the pavement. So what do you do? Sit and wait some more, knowing that the light won't change? Or go through the red light and risk getting a ticket?
The decision on whether or not to allow states to enforce limits on vehicle greenhouse gas emissions is moving back to center stage under the incoming Obama administration. Lisa Jackson, the President-elect's nominee for EPA administrator, has promised to "immediately revisit" the issue once she is confirmed for the office.
New Mexico has voted a through a House Bill that would require all diesel fuel sold in the state to be B5 by 2012. The bill, which passed the House in a 47-8 vote, moves to make diesel fuel containing five percent biodiesel compulsory for all state agencies and public schools from July 2010 onwards. All diesel fuel would move to a B5 blend by July 2012. In case of poor product availability or excessive price however, the measure could be suspended by officials.
Looks like the oil-rich sheiks of Abu Dhabi are getting more serious about the prospect of hosting a Formula One grand prix than we thought. Last week we reported that they're adding an FIA-regulation race track to the Yas Island project that will also host the Ferrari World theme park, and with big question marks rounding off the one main restriction, they could be planning on hosting a grand prix very soon.
This week, Illinois Governor Rod Blagojevich and the state's two U.S. senators, Richard Durbin and Barack Obama,
sent letters to the heads of the six major oil companies as part of an investigation to see if they have any policies
that are inhibiting construction and operation of biodiesel and ethanol pumps at fuel service stations. The state is
the biggest user of ethanol and the country's second largest producer of the alternative fuel. However, only three of
the 108 service stations selling E