Obama sets goal to reduce oil imports by one third by 2025

08:29, March 31, 2011      

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U.S. President Barack Obama delivers a speech at Georgetown University in Washington D.C., capital of the United States, March 30, 2011. Obama on Wednesday called for the country to reduce its oil imports by one third by 2025 to secure its energy supply in the future. (Xinhua/Zhang Jun)

U.S. President Barack Obama on Wednesday called for the country to reduce its oil imports by one third by 2025 to secure its energy supply in the future.

"Today, I'm setting a new goal: one that is reasonable, achievable, and necessary," Obama said during a speech at Georgetown University in Washington DC. "When I was elected to this office, America imported 11 million barrels of oil a day. By a little more than a decade from now, we will have cut that by one- third."

Citing fossil energy, Obama said that "the United States of America cannot afford to bet our long-term prosperity and security on a resource that will eventually run out."

Obama said that meeting this new goal of cutting U.S. oil dependence depends largely on two things: finding and producing more oil at home, and reducing our dependence on oil with cleaner alternative fuels and greater efficiency. "There are no quick fixes," Obama said. "And we will keep on being a victim to shifts in the oil market until we get serious about a long-term policy for secure, affordable energy."

On the supply side, last year, American oil production reached its highest level since 2003. And for the first time in more than a decade, oil that the U.S. imported accounted for less than half the liquid fuel it consumed.

The Obama Administration is encouraging offshore oil exploration and production.

Another substitute for oil that holds tremendous promise is renewable biofuels -- not just ethanol, but biofuels made from things like switchgrass, wood chips, and biomass.

On the demand side, Obama pledged to increase energy efficiency and push the use of cleaner energy.

Source: Xinhua
 
 
     
 
 
 
     
 
 
 
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