President Barack Obama has promised to lessen US oil imports by one-third in little more than a decade. Obama said in a speech in Washington that America had to “get sober” about a secure and reasonably priced energy future. Higher oil prices are intimidating to hinder US economic recovery and there is growing dissatisfaction among car drivers with pump prices.
President Obama said the US must move towards getting 80% of its electricity from non-oil sources by 2035. “We cannot keep going from shock to abstraction on the issue of energy security, rushing to propose action when gas prices rise, then hitting the snooze button when they fall again,” he said during a speech at Georgetown University. Barack Obama said that presidents and politicians had for years promised energy independence through finding cleaner and more renewable sources.
Petrol prices in the US have shot up 50 cents a gallon this year, reaching a national average of $3.58 a gallon last week. President said that we have to discover and produce cleaner, renewable sources of energy, and we have to do it swiftly. After Mr Obama’s speech, Republican Senate Leader Mitch McConnell accused the Obama administration of trying to “lock up” US energy.
Senate leader said plans like that which President Obama outlined to develop alternative energy in the future did little to relieve present high petrol prices. According to the senate leader we need to look in a different place for our energy. The problem is that Democrats don’t want us to use the energy we have. It’s enough to make you speculate whether anybody in the White House has driven by a gas station lately.
In addition as growing the use of alternative energies such as bio-fuels and making vehicles more efficient, President Obama said the US must raise domestic oil production. An Interior Department report published on Tuesday said that more than two-thirds of offshore exploration licenses in the Gulf of Mexico have yet to be acted upon by oil businesses. The department said that the sites could potentially hold more than 11 billion barrels of oil and 50 trillion cubic feet (1.42 trillion cubic meters) of natural gas.
President Obama also holds an expansion of nuclear power, but added that there would be a thorough review of power plants to ensure any lessons from the crisis in Japan were learned. That what makes USA the world power, its pre-planning to save energy future. Just like most small businesses are saving their businesses with small business loans