Obama on Reducing U.S. Oil Imports

While the President said he wanted a one-third reduction of oil imports within a decade, White House documents say 2025 is a more likely goal. “Obama also said the federal government would buy only advanced technology vehicles—such as electric plug-ins and hybrids—by 2015. In his second speech on oil in three weeks, Obama said America was long overdue to develop domestic sources of energy and reduce fuel consumption. ‘We cannot keep going from shock to trance 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.”