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t. e. The energy policy of the Obama administration was defined by an "all-of-the-above" approach which offered federal support for renewable energy deployment, increased domestic oil and gas extraction, and export of crude oil and natural gas. [1] His presidency's first term was shaped by the failure of his signature climate legislation, the ...
Trend of net energy imports into the United States, 1985–2013. Sources of crude oil imports, 1985–2015. United States energy independence is the concept of eliminating or substantially reducing import of petroleum to satisfy the nation's need for energy. Some proposals for achieving energy independence would permit imports from the ...
New Energy For America. New Energy for America was a plan led by Barack Obama and Joe Biden beginning in 2008 to invest in renewable energy sources, reduce reliance on foreign oil, address global warming issues, and create jobs for Americans. The main objective of the New Energy for America plan was to implement clean energy sources in the ...
The petroleum industry is pushing back against President Obama's demand, brought up during this week's State of the Union address, that tax subsidies for oil and gas drilling be curtailed. "It's ...
The North American Free Trade Agreement ( NAFTA / ˈnæftə / NAF-tə; Spanish: Tratado de Libre Comercio de América del Norte, TLCAN; French: Accord de libre-échange nord-américain, ALÉNA) was an agreement signed by Canada, Mexico, and the United States that created a trilateral trade bloc in North America. The agreement came into force on ...
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A year ago oil peaked at $147 a barrel, when most oil trading volume came from speculators. Certainly then, as now, the economics 101 explanation for oil prices -- that prices should rise if ...
The program covered model year 2012 to model year 2016 and ultimately required an average fuel economy standard of 35.5 miles per US gallon (6.63 L/100 km; 42.6 mpg ‑imp) in 2016 (of 39 miles per gallon for cars and 30 mpg for trucks), a jump from the 2009 average for all vehicles of 25 miles per gallon.