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US Imports 1M Fewer Barrels of Oil Daily

White House report says we're closer to achieving energy security goals

By Matt Cantor,  Newser Staff

Posted Mar 12, 2012 9:41 AM CDT

(Newser) – The US is well on its way toward achieving President Obama's energy security goals as laid out a year ago, says an administration report out today. The White House is looking to cut oil imports by a third over the next decade, boost domestic oil and natural gas production, and promote clean energy, Politico notes. To that end, the past year saw a million fewer barrels of oil imported per day, according to the report; the US currently imports 45% of its petroleum, compared to 57% in 2008, the Los Angeles Times notes.

US crude oil production is higher than it's been since 2003. Republicans, however, attribute production increases to George W. Bush's policies—an assertion that clashes with Republican claims that Obama has put the brakes on domestic oil production, Politico points out. The report also points to doubled domestic clean energy capacity since 2008 and tougher vehicle fuel standards. Echoing earlier Obama comments, the report reminds readers that "there are no quick fixes to this challenge."

President Barack Obama waves as he arrives for a speech on the economy, Friday, March 9, 2012, at the Rolls Royce  aircraft engine part production plant in Prince George , Va.
President Barack Obama waves as he arrives for a speech on the economy, Friday, March 9, 2012, at the Rolls Royce aircraft engine part production plant in Prince George , Va.   (AP Photo/Steve Helber)
Domestic production of oil is rising for the first time in two decades thanks to new drilling techniques that are opening up vast fields of previously out-of-reach oil in the western United States.
Domestic production of oil is rising for the first time in two decades thanks to new drilling techniques that are opening up vast fields of previously out-of-reach oil in the western United States.   (AP Photo, file)
A floating oil and gas production unit in deepwater Gulf of Mexico is shown.
A floating oil and gas production unit in deepwater Gulf of Mexico is shown.   (Photo: Business Wire)
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COMMENTS
Showing 3 of 25 comments
awojoone1
Mar 13, 2012 1:18 AM CDT
Then WHY  are we   EXPORTING   1.8  MILLION BARRELS   of gas and diesel  EVERY DAY  ??????  It's all about   PROFIT, PROFIT and MORE PROFIT  !!!!!!!
Moon
Mar 12, 2012 5:30 PM CDT
Next time you hear a politician say he or she will bring down oil prices understand it’s complete [bull shit]. Americans want lower gas prices — cut back. Sell those SUVs. Ride a bike when you can. If every one of us bought 10 percent less gasoline, prices would fall fast. That’s what the candidates should be saying. We need a strong leader who’s honest, smart, courageous and willing to explain dubious associations. That’s what we need. - Bill O’Reilly on Fox News, March 21, 2008
saucier111
Mar 12, 2012 11:45 AM CDT
My pc keeps rejecting the fox news address so type this one in.   six reasons keystone xl was a bad idea all along
 

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