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A Congressional Budget Office report released by Senate Energy Chairman Jeff Bingaman (D-NM) asserts that having less flexibility in the choice of fuels contributes to the volatility of prices for transportation fuels. "A substantial amount of oil is produced in countries that are vulnerable to disruptions resulting from geopolitical, military, or civil developments, and few countries other than Saudi Arabia have much spare production capacity in the near term to offset such disruptions," the CBO report states. "In contrast, the U.S. markets for natural gas, coal, nuclear power, and renewable energy either are less prone to long-term disruptions or have significant spare production and storage capacity."   Read More...

Following approval of the 2012 Farm Bill by the Senate Agriculture Committee, a number of agriculture, conservation, nutrition, and rural development organizations have been pressing Senate leadership to schedule floor time for the legislation. The Senate Agriculture also released a summary of the committee-passed Agriculture Reform, Food and Jobs Act of 2012.    Read More...