Obama Layouts Plan to Cut Oil Dependency

President Obama has announced plans to cut U.S. oil imports by one-third of 2008 levels by 2025. Andrew Schneider reports.
oil landscapeIn a speech at Georgetown University, Obama laid out plans to cut oil import dependence through a combination of expanded domestic production, development of alternative fuels, and greater fuel economy standards.

Pat French is the Houston-based senior vice president of the Texas Alliance of Energy Producers.

“That’s certainly a laudable goal. Whether it is realistic depends in large part on the kind of energy policies we see coming out of Washington.”

Al Hegburg, an energy security expert at the Washington-based Center for Strategic & International Studies, says tighter fuel standards would likely make a bigger difference than expanded drilling or alternative fuels.

“Substitution probably has some limits to it, and I think efficiency probably has a lot of gains to be realized, not just in transportation but certainly in electricity.”

The administration will finalize fuel economy standards for commercial trucks, vans and buses this July. It plans to roll out tighter standards for passenger vehicles this September.
Bio photo of Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined KUHF in January 2011, after more than a decade as a print reporter for The Kiplinger Letter...