for Heavy Duty Trucks
Public officials and a number of businesses touted their efforts to diversify the transportation sector and reduce demand for petroleum at this year's ACT Expo.
In a rare increase in stringency over the proposed rules, certain large trucks are required to be up to 25 percent more fuel efficient.
The contradiction of proposed increases in fuel efficiency standards for large trucks is that although they will reduce oil consumption, they will also discourage the adoption of alternative vehicles that run on natural gas and make them less competitive in the trucking sector.
While news coverage has focused on other aspects of bilaterial talks, China and the U.S. are now among the few countries regulating fuel economy standards for heavy duty trucks.
We have much to gain from an autonomous transportation system, but technology, regulatory frameworks, and public acceptance must all progress simultaneously to streamline the transition.
The proposed rules, which are supported by the trucking industry, would trim an estimated 1.8 billion barrels of oil consumption between 2019 and 2027, and save $170 billion in fuel costs.
Pickens: We can, and should, drill for and produce more oil, but we’ll never beat the Saudis and OPEC because we’re playing their game, by their rules, on their field.