U.S. energy bill backs ethanol, not oil savings plan

Newswire

(Adds votes on oil savings, renewable energy amendments, minor edits) By Tom Doggett and Chris Baltimore WASHINGTON, July 25 (Reuters) - To stretch America's gasoline supplies, the leaders of a joint Senate-House conference committee racing to finish a U.S. energy bill agreed on Monday to almost double production of the motor fuel additive ethanol to 7.5 billion gallons a year by 2012. However, the full panel rejected a proposal to reduce U.S. oil consumption by 1 million barrels per ...

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