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The Importance of Fuel Economy Rules for America’s Energy Security

  • 2322 Rayburn House Office Building (map)

Please join SAFE for a lunchtime briefing on the Hill to discuss the importance of fuel economy standards and the steps the EPA and NHTSA can take to modernize the rules in a way that will save lives, reduce oil consumption, and strengthen American energy security.

The EPA and NHTSA released a Notice of Proposed Rulemaking (NPRM) in August 2018. The proposal recently released by the Trump administration would add 500,000 barrels per day of total gasoline demand through the early 2030s. At a time when gasoline prices are rising, oil markets are faced with rising geopolitical risk and tighter oil supply is predicted, the U.S. has a unique opportunity to modernize fuel economy standards by incorporating commercially-available technologies that can save an estimated 10,000 lives annually and create system-wide fuel savings of 18-25 percent.

SAFE will also emphasize the importance of factoring in the military cost of protecting the global oil supply lines when developing these new rules. Recent analysis by SAFE conservatively estimates the U.S. spends at least $81 billion every year to protect the worldwide free flow of oil. This cost should be included when modeling the cost-benefit analysis of the new rules.

Speakers

  • Robbie Diamond, President and CEO, Securing America’s Future Energy

  • Michael Johnson, President, Parsons Infrastructure

  • Gen. James Conway (Ret.), served as the 34th Commandant of the United States Marine Corps