Control Fuel Usage

KEEPING COSTS LOW

  1. Transitioning off foreign oil and creating millions of jobs will have minimal impact on average households—just 22 to 30 cents a day—less than a postage stamp – or $80 to $111 per year [EPA]. The bill helps all consumers with price spike protection, and with additional monthly energy refunds so those in need will see no cost.
  2. Investing in energy efficiency technology will save the average American household more than $4,000 by 2030 [ACEEE].
  3. Ensuring fiscal responsibility. CBO says the bill meets PAYGO requirements and will not increase the deficit.

MAKING US MORE ENERGY INDEPENDENT

  1. Cutting our use of foreign oil by more than 5 million barrels a day in 2030 – as much as we currently import from the Middle East and Venezuela – when combined with vehicle efficiency and biofuel standards enacted in 2007 and updated by President Obama.
  2. Promoting all forms of American clean energy, including: wind, solar, geothermal, biomass; support for private investments in nuclear power; new clean energy and energy efficiency technologies; advanced coal technology with carbon capture and sequestration; and efficient vehicles.

ENERGY INDEPENDENCE:

  1. U.S. consumers are exporting $400 billion a year to pay for foreign oil. Over half of the oil we use is imported from foreign countries (57% in 2008), up from 27 percent in 1985 and 51 percent in 1999.
  2. America’s energy bill will increase by $420 billion annually within the next 5 years if we do nothing to reduce our dependence on oil and fossil fuels. That amounts to $3,500 annually for every family in the nation. [NRDC]
  3. The bill will cut the use of oil and petroleum products by 1.4 million barrels a day in 2030. [ACEEE]
  4. The American Clean Energy and Security Act – combined with the 2007 energy bill and the Obama Administration’s plan to ramp up vehicle fuel efficiency standards – will cut the use of oil by more than 5 million barrels a day in 2030. That is equivalent to all the oil we currently import from the Middle East and Venezuela and one-fourth of our nation’s current total daily consumption - and will save consumers more than $135 billion in fuel costs.