|
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
. | ![]() |
. |
|
![]() |
![]() by Daniel J. Graeber Washington (UPI) Apr 8, 2013
Reducing the dependence on oil and increasing energy security involves more than just increasing production, U.S. Energy Secretary Ernest Moniz said. The U.S. Energy Information Administration said oil production by 2020 should pass the 9 million barrel per day mark and shale production should account for more than 80 percent of the increase from U.S. reserves. U.S. policymakers said increased production would help wean the U.S. economy off foreign imports. Moniz in a 32-page report outlining the department's strategic plan said the U.S. economy needs a break from oil. "Although domestic oil production has increased to the extent that in 2012 net imports of petroleum fell to their lowest level in nearly 20 years, we must continue our efforts to develop alternative fuels and vehicles; as we are far from decoupling our economy from the global oil market," he said Monday. President Obama has embraced an "all-of-the-above" energy policy, a policy his opponents say is curbing U.S. energy potential in the era of shale. Moniz said, however, that a diverse energy mix may be one of the better ways to advance energy security in a way that keeps environmental issues at bay. [EIA] [DOE]
Related Links Powering The World in the 21st Century at Energy-Daily.com
|
![]() |
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service. |