Washington, DC–(ENEWSPF)–March 12, 2012.
The progress report I received today from members of my administration underscores the headway our nation has made towards reducing our reliance on foreign oil, while also expanding American made energy. As the report highlights, we have made progress, with imports of foreign oil decreasing by a million barrels a day in the last year alone. Our focus on increased domestic oil and gas production, currently at an eight year high, combined with the historic fuel economy standards we put in place, means that we will continue to reduce our nation’s vulnerability to the ups and downs of the global oil market. We’ve also made progress in the expansion of clean energy, with renewable energy from sources like wind and solar on track to double, along with the construction of our first advanced biofuel refineries. And yet, despite the gains we’ve made, today’s high gas prices are a painful reminder that there’s much more work to do free ourselves from our dependence on foreign oil and take control of our energy future. And that’s exactly what our administration is committed to doing in the months ahead.