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Rep. Braley Talks Fuel Sources
MARION, IA (CBS2/FOX28) -- Rep. Bruce Braley was in Marion on Monday to discuss legislation he has introduced which he hopes would put more power in the hands of consumers to decide where the money they spend on fuel goes.
On Wednesday, Braley re-introduced the Country of Origin Labeling for Fuels Act. The legislation would require fuel stations to post where the fuel originated from on the pump. The hope is that a measure like that would allow consumers to decide if they want to spend their money on domestic or imported fuel.
According to Braley's office, the U.S. consumes more than 15 million barrels of oil each day and nearly half of that total comes from abroad. Top oil importers include Canada, Saudi Arabia, Iraq, Kuwait, Venezuela, Mexico, and Nigeria.
Braley's office also reports that since the creation of the Renewable Fuel Standard in 2005, nearly 10 billion gallons of foreign oil per year have been replaced by renewable ethanol with much of it coming from Iowa.