US to cut oil imports by one-third by 2025 - Obama US President Barack Oba ...

US to cut oil imports by one-third by 2025 - Obama US President Barack Obama has outlined his energy security plan, in which he calls for energy efficiency and renewable energy measures with the aim of reducing US oil imports by one-third by 2025. Obama states that when he took office, the US was importing 11mn b/d of oil. He believes that this can be cut substantially, and the roadmap for doing so is outlined in the US administration’s Blueprint for a secure energy future. Obama outlined clean energy avenues that the US would be exploring. Firstly, he believes that expanding biofuels markets and commercialising new biofuels technologies, such as cellulosic and advanced biofuel technologies, could help trim oil imports. Supporting this, the US administration has set a goal of setting up at least four commercial-scale cellulosic or advanced bio-refineries over the next two years. Obama also endorsed new fuel economy standards, including an effort to raise average fuel economy to 35.5 miles per gallon by 2016. The US administration is due to finalise the first ever US fuel economy and greenhouse gas emission standards for commercial trucks in July. The US government is set to lead by example and make its 600,000 federal fleet vehicles more fuel-efficient. Obama called for administrative action directing agencies to 2015 will be alternative-fuel vehicles - hybrid or electric. Finally, Obama stressed there is a need to promote investment in energy efficiency for the residential, commercial, and industrial sectors. The US administration, he said, is on track to insulate 600,000 low income homes through American Recovery and Reinvestment Act funding. Obama also reiterated his goal of having one million electric vehicles on US roads by 2015. The US government has created incentives for companies to develop these vehicles, and also for consumers who want them to buy them, according to the White House.

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