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by Joel M. Rinebold
Hartford Business Journal
November 5, 2012
The Obama Administration recently announced a 54.5-mile-per-gallon efficiency standard for automotive vehicles by 2025. The obvious impact of this standard will be to reduce dependency on foreign-supplied oil and the nation’s trade balance with countries in the Middle East. Additional impacts will likely include reduced financial exposure for U.S. businesses and consumers, cleaner emissions, and increased use of domestically produced fuels that will not lead to a trade imbalance.
