Table: How the Bush-Cheney Energy Blueprint May Change

DRILLING ON FEDERAL LANDS

The Administration wants to open pristine wilderness areas to new exploration. Congress may allow that in some areas, but lawmakers will still balk at the Arctic National Wildlife Refuge.

REGULATORY STREAMLINING

To get more power plants on line, Team Bush will try to accelerate the review process for building plants and transmission lines. The folks on the Hill will likely go along, if environmental safeguards aren't too badly compromised. One flash point: Western conservatives don't like Fed use of expanded eminent-domain authority to override state and local powers.

TAX INCENTIVES

The White House wants credits for hybrid cars and renewable energy sources. Democrats will add tax breaks for wind and solar producers--and for consumption cuts. Oil-state Republicans will try to expand write-offs for exploration and drilling. Both sides will see their suggestions vanish if they swell the cost of the energy bill.

GAS GUZZLERS

In a sop to enviros, Bush and Cheney will commit to studying tougher fuel-economy standards. Democrats' calls for mandated increases are a long shot with Detroit reeling. Instead, the Dems may press for a crackdown on the games Detroit uses to meet current standards.

    Before it's here, it's on the Bloomberg Terminal.
    LEARN MORE