One more thing to look for this afternoon as House and Senate negotiators resume public discussions of the energy legislation.
We are informed reliably that as of right now, the top negotiators seem headed towards omitting a very important section of the Senate bill – one that clarified that EPA has authority to regulate fuels and fuel additives under the Clean Air Act to protect water quality and resources.
This was a key recommendation of the Blue Ribbon Panel on oxygenates in gasoline – and in fact, it’s already passed the Senate twice!
The whole MTBE mess might have been avoided if EPA had this authority in days past.
OF course, oil companies and ethanol producers would probably prefer that EPA NOT have this sort of authority.
Keep your eye on the old ball. There could be a skirmish over this later today.