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Obama sets goal of reducing US oil imports by 1/3 by 2025; domestic and Western Hemisphere production, natural gas, biofuels, electric vehicles, fleet purchases

Green Car Congress

Meeting the goal of cutting US oil dependence depends largely on two things, Obama said: finding and producing more oil at home, and reducing dependence on oil with cleaner alternative fuels and greater efficiency. The Administration is pushing the oil industry to produce on leases already held.

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Perspective: Ending Oils Monopolya Blueprint for Mobility Choice

Green Car Congress

Oil is a strategic commodity second to none—it underlies the global economy and even the American way of life. Of course, other countries benefit from this fact, with about $900 million flowing out of the US to buy foreign oil every day, and about 40% of that going to OPEC. [ Source: EIA. Click to enlarge.

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15 Air Carriers Sign Non-Binding MOUs on Synthetic Jet Fuel Purchases with Two Providers: AltAir and RenTech

Green Car Congress

A core group of 15 commercial airlines has signed non-binding memoranda of understanding (MOUs) for negotiating purchases from two different producers of synthetic jet fuel: AltAir Fuels LLC and RenTech Inc. These alternative fuels will be more environmentally friendly, on a life cycle basis, than today’s petroleum-based jet fuels.

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