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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

Obama was delivering a speech on energy policy at Georgetown University. 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.

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Marathon Announces First Oil from Deepwater Droshky Development in Gulf of Mexico

Green Car Congress

Marathon Oil Corporation announced that its Droshky development in the deepwater Gulf of Mexico has begun production on time and under budget. This marks the first new deepwater production since the Obama Administration halted drilling after the Deepwater Horizon accident.

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President Obama calls on Congress to establish $2B Energy Security Trust for advanced transportation research, funded by oil and gas royalty revenues

Green Car Congress

In an speech at Argonne National Laboratory today, President Obama called on Congress to establish a new Energy Security Trust (EST) to invest in critical, breakthrough research focused on developing cost-effective transportation alternatives. —President Obama. Oil dependence is one of the greatest threats to U.S.

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Obama Administration announces 21M-acre oil and gas lease sale offshore Texas

Green Car Congress

The US Department of the Interior will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area. Lease Sale 233 will include 3,953 blocks, covering about 21.1

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Obama Administration outlines strategy for reduction of methane emissions

Green Car Congress

The Obama Administration has outlined its Strategy to Reduce Methane Emissions. The strategy builds on progress to date and takes steps to further cut methane emissions from landfills, coal mining, and agriculture, and oil and gas systems.

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Salazar: Obama Administration Keeping Oil Shale Development an Option

Green Car Congress

The Obama Administration will push an energy plan that potentially includes production of oil shale, Interior Secretary Ken Salazar told a group of Western governors assembled in Washington at the National Governor’s Association meeting. The Salt Lake Tribune. Let’s put everything on the table.”. Colorado Gov.

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Keystone XL Pipeline application denied; Obama says not a judgment on merits of the pipeline

Green Car Congress

The US Department of State recommended today to President Obama that the presidential permit for the proposed Keystone XL Pipeline be denied and, that at this time, the TransCanada Keystone XL Pipeline be determined not to serve the national interest. The proposed pipeline was to carry oil sands crude from Canada to the US Gulf Coast.

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