“With common-sense public policies in place, American drivers will be able to save money by having options for both oil and natural gas, as well as biofuel and electricity, to power their vehicles. The result? True and lasting energy independence.”
Even if we didn’t import one barrel of oil, we’d still be held hostage to the tyranny of the price, which to a large extent is set by OPEC.
America first doesn’t necessarily mean — or always mean — a focus on American oil. That’s a point we keep hearing from everyone from solar developers to ethanol producers. Here’s one more perspective.
Imagine the U.S. without a single barrel of imported oil. From 50% imports in 2007 to 30% imports today to 0% in the mid-2020s – 50 years of geopolitical leverage from OPEC can be gone for good.
Former U.S. Senate Majority Leader, Tom Daschle, is leading an effort to ensure that high octane, low carbon fuels are part of EPA’s midterm evaluation of the progress of federal fuel economy standards.
The fracking revolution is still largely misunderstood by the oil and gas industry. It helped the U.S. attain a measure of independence from imported oil but even today we import about 6.5 million barrels a day, equivalent to one-third of U.S. consumption.
Natural gas is abundant and cheap in the United States, and we should be using more of it for our transportation needs, Fuel Freedom co-founder and chairman Yossie Hollander said on Fox News’s “America’s Newsroom” on Friday. “Everybody talks about the oil and gas industry, but we’re using only the oil,” he said.
John Hofmeister, the former president of Shell Oil and currently a member of Fuel Freedom Foundation’s Board of Advisors and Board of Directors, will deliver the keynote address at the 2016 RFA National Ethanol Conference in New Orleans.
Before the recent jump in oil prices put low costs in the rear-view mirror, American drivers had a brief taste of the 1990s at the pump. Now Eyal Aronoff and Yossie Hollander and former Shell Oil Co. president John Hofmeister say the U.S. could make low prices permanent if more ethanol and methanol from cheap natural gas are added to the mix.
The last two years’ experience with electric vehicles proves that clean fuel technologies can compete with oil, and the continued strong sales of the last few months prove it, even at oil’s new price.
