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Administrative/Regulatory

Sep. 7, 2011

New fuel regulations spell trouble

The president's plan to reduce dependence on foreign oil is met with harsh criticism. By Jonathan Michaels of Michaels Law Group


Last month, President Barack Obama announced his ambitious overhaul to the Corporate Average Fuel Economy, or the CAFE standards, for consumer cars and trucks - a move that will dramatically change the landscape of the automobile industry for decades to come. With as much fanfare as could be generated from a political event, President Obama declared this undertaking "the single most important step we've ever taken as a nation to reduce our dependence on foreign oi...

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