Obama: Goal Is to Cut US Oil Imports by 1/3 Over 10 Years

[sabra]

Source: CNBC

BREAKING NEWS> Obama: Goal Is to Cut US Oil Imports by 1/3 Over 10 Years

Read more: http://www.cnbc.com/

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more:

http://www.marketwatch.com/story/obama-cut-oil-imports-boost-us-energy-output-2011-03-30?reflink=MW_news_stmp

WASHINGTON (MarketWatch) -- President Barack Obama called for cutting U.S. oil imports by one third on Wednesday, and boosting U.S. oil and gas production as well as alternative fuels. In a speech at Georgetown University, Obama also ordered U.S. agencies to buy 100% alternative-fuel vehicles by 2015. Obama said that the U.S. can't bet its long-term prosperity and security "on a resource that will eventually run out."

[dipsydoodle]

1. As I said when that was threatened

Great.

OPEC can reprice in Euros and in the absense of the Petrodollar scam the US can stop printing money unabated and let the $ settle to a realistic value based on the US's own assets.

[Jumping John]

2. Anyone know if the oil and gas used for wars are counted as imports? n/t

[dipsydoodle]

3. Isn't that the purpose of the strategic reserve ?

.

[Yo_Mama]

5. No

It's to ensure that in case of a supply disruption the country doesn't have to shut down.

China is trying to build a six-month reserve as well. They might already have one.

[dipsydoodle]

6. Dream on.

Without that your military cannot function. At best you'd get a little bit of it.

[Avant Guardian]

10. The reserve exists "to counter a severe supply interruption"

It is for non military use.

http://www.fossil.energy.gov/programs/reserves/spr/spr-facts.html

Access to the reserve is determined by the conditions written into the 1975 Energy Policy and Conservation Act (EPCA), primarily to counter a severe supply interruption

[dipsydoodle]

11. More likely temporary loans

The oil gets flown back to where it came from - but in a used state. :rofl:

[abqmufc]

4. How about just follow Henry Ford's advice from 1925?

Henry Ford told a New York Times reporter in 1925-"The fuel of the future is going to come from fruit like that sumach out by the road, or from apples, weeds, sawdust -- almost anything," he said. "There is fuel in every bit of vegetable matter that can be fermented. There's enough alcohol in one year's yield of an acre of potatoes to drive the machinery necessary to cultivate the fields for a hundred years."

http://www.hempcar.org/

Hemp car was an alternative-fuel project car that utilized hemp biodiesel for fuel. Industrial hemp would be an economical fuel if hemp were legal to cultivate in the United States. Industrial hemp has no psychoactive properties and is not a drug. Hemp Car demonstrates the concept of hemp fuels on a national level and promotes the reformation of current law.

[Fearless]

7. And so has every president since Carter.

Of course he will do it by forgetting to take back tax breaks to oil companies like he promised.

[madrchsod]

8. that`s a nice idea but....

does he plan to be the president for another 12 years?

[Avant Guardian]

9. If Obama starts chanting, 'Drill baby drill,' I will puke

[OhioChick]

12. People need JOBS to afford those alternative-fuel vehicles by 2015 n/t

[Zorra]

13. April 17, 1977: President Jimmy Carter's Moral Equivalent Of War Speech

10 principles were introduced:

the country can have an effective and comprehensive energy policy only if the government takes responsibility for it and if the people understand the seriousness of the challenge and are willing to make sacrifices.

healthy economic growth must continue. Only by saving energy can we maintain our standard of living and keep our people at work. An effective conservation program will create hundreds of thousands of new jobs.

must protect the environment. Our energy problems have the same cause as our environmental problems -- wasteful use of resources. Conservation helps us solve both at once.

must ask equal sacrifices from every region, every class of people, every interest group. Industry will have to do its part to conserve, just as the consumers will. The energy producers deserve fair treatment, but we will not let the oil companies profiteer.

must start now to develop the new, unconventional sources of energy we will rely on in the next century.

http://www.pbs.org/wgbh/americanexperience/features/primary-resources/carter-energy/

President Carter is a great man and was a great President. In their profit motivated self-interests, multi-national corporations used their economic power and wealth and their control of resources to neutralize his wise use policies and his plans to make our country better.

Then, multi-national corporations put Ronald Reagan in office, and hence began the rapid decline of democracy and prosperity in the United States of America.

[RedCloud]

14. How much is one third from infinity?

[Maven]

15. "boosting U.S. oil production" OMG. More of this BIG LIE

Do we need to post the Rachel Maddow video again? The one where she explains why there's no such thing as "U.S. oil" versus "foreign oil" because it all goes to the world market?

Why is a Democratic president pushing this LIE that plays right into oil companies' and antienvironmentalists' hands?

[opihimoimoi]

16. We will do it with big ideas not bandaids....Obama is right

[Rage for Order]

17. Cut imports by 1/3??? What happened to this guy?

August 28, 2008:

http://www.nytimes.com/2008/08/28/us/politics/28text-obama.html?pagewanted=3&_r=1

So -- so let me -- let me spell out exactly what that change would mean if I am president.

And for the sake of our economy, our security, and the future of our planet, I will set a clear goal as president: In 10 years, we will finally end our dependence on oil from the Middle East.



Now he'll cut imports by 1/3 instead? What changed?

:shrug:

[Massacure]

18. Reality hit?

Do you really think we can reduce our oil consumption by half in ten years without significantly impacting an average American's quality of life?

[Rage for Order]

19. Presumably, as a US senator and then presidential candidate....

Obama knew the feasibility (or lack thereof) of his campaign promise. If he knew it was impossible then he shouldn't have made the promise with such certainty. He could have worded it differently, like "I will put us on a path to energy independence," or something similar. Obama asked us to hold his feet to the fire, to hold him accountable. I am happy to do so.

[truthisfreedom]

20. I'm doing my part. I bought an all-electric car. A plug-in with no gas tank.

I can fill it up to a 200 mile range for $7 in 3.5 hours, if it's empty, and recharge it based on my typical daily driving in about 20 minutes. America has to go electric. Electric power is war-free. We have all the coal, natural gas, hydro and uranium in North America that we need to convert over to electric as we switch to alternative energy like solar and wind and geothermal and other alternatives. Despite all of the poo-pooing by anti-electric people, studies have been done that prove that we can use the electric grid just as it is to charge up over 80% of the number of gas, diesel and other ICE cars that are on the road today (if they were electric instead).

Electric is the answer. De-centralize power by having rooftop solar and store it on site with giant batteries... a system like that will pay for itself in less than 10 years.

[daleo]

21. It's a good idea

I have been thinking along those lines too. Keep us posted.

[Hannah Bell]

22. easy, just bankrupt some more companies & throw some more people out of work.

that should reduce oil use nicely, mr. obama.