Energy Bill Squeaks Through

Per Forbes "On Thursday evening, the Senate, by a vote of 86-8, passed an energy bill that will raise fuel-economy standards by 40% and dramatically boost production of ethanol and other biofuels. But it is merely a shadow of the bill Democrats wanted just last week, which would have required utilities to get 15% of their electricity from renewable power. They also had proposed a nearly $22 billion tax package that would have allowed Congress to extend existing production and investment incentives for wind and solar power, raising money from Big Oil to help offset the spending."

While it is disappointing that a federal renewable portfolio standard didn't make it, there are still some good things in here.

I haven't had a chance to read all 800 pages yet, but I will try to get back to it soon.