While the energy committee is central to any new legislation, 
            other panels have become more active since the US saw average 
            gasoline prices top $3/gal in early September. In mid-November, the 
            Commerce, Environment and Foreign Relations committees examined 
            alternative fuels and oil supplies. 
            The Commerce and Environment panels heard arguments for and 
            against a more-rapid shift to alternative fuels, while the
            
            Foreign Relations Committee 
            continued its examination of the effect of US oil use on American 
            diplomacy and security. 
            To be sure, there are congressional opponents to boosting 
            renewable fuels and energy efficiency, whether because of cost, 
            loyalty to industry or use of mandates, rather than market 
            approaches. But farm-state lawmakers, including House Speaker J. 
            Dennis Hastert (Republican, Illinois) are a powerful bunch. In 
            addition, Bush has spoken at great length in favor of biofuels, both 
            in the 2004 campaign and in his push for an energy bill this year.
            
            "There is nothing in here [in S. 2025] that runs against what the 
            administration has said ... . We see it as building on the Energy 
            Policy Act," Lieberman said. 
            The oil industry was much chagrined when Congress, which had been 
            considering a 5-bil-gal ethanol mandate, agreed to support a 
            7.5-bil-gal requirement this summer. "It's not as if they're not 
            going to be able to sell their product," Bayh said of the oil 
            companies, downplaying potential opposition. "We're going to consume 
            all the oil that they can discover and bring to market." However, 
            the oil industry
            
            indicated they would put 
            up a fierce fight against new commitments to alternative fuels. 
            The 10 senators said they would avoid Arctic drilling and 
            Corporate Average Fuel Economy proposals, which have drawn 
            bipartisan opposition. "What we really tried to do with this bill is 
            to stay away from those things," said Sam Brownback (Republican, 
            Kansas). "You don't see ANWR in this bill -- and you don't see
            
            CAFE [corporate average 
            fuel economy] in this bill -- because those are the issues that have 
            divided us in the past." 
Copyright © 2005 - Platts
Please visit:  
www.platts.com
Their coverage of energy matters is extensive!!.