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to continue to import roughly half of its crude oil supply for the foreseeable future, despite strong growth in renewable biofuels supply. In the case of residual oil, there is also relatively strong potential for near term economic impacts. Demand for liquid fossil fuels will require the US. Unconventional Fossil Energy”.
Rather than relying as extensively on oil as the source of energy to power vehicles—most of it imported to the United States and Europe from other countries—we will use increasing amounts of ethanol and other potentially renewable fuels as well as electricity.
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