This week, the Environmental Protection Agency announced the finalization of new tailpipe emission standards. The agency boasted that these were the strictest standards ever, adding that they would save money, create jobs, and eliminate billions of tons of CO2 emissions. The American Petroleum Institute, along with the American Fuel & Petrochemical Manufacturers, issued an immediate reaction, warning that the new standards would make all gasoline and diesel-powered light vehicles illegal in less than 10 years. And that will not…
