New programs and initiatives are underway in the United States so as to transform the country into an energy economic powerhouse. As part of this, the authorities have come up with many strategies – especially with regard to the considerable reduction in oil exports. The latest news from the White House has it that the government is considering a certain serious kind of approach to this aiming at the energy security nationwide.
With an aim to slash the prices of the fuel and reducing the dependence on the same, the authorities have called for developing and producing oil and gas at home. This way, the dependence on oil could be reduced to certain extent.
At the same time, attention is also sought towards leveraging cleaner, alternative fuels and increasing efficiency. By expanding cleaner sources of electricity and developing clean energy technology America could definitely become a clean energy economy and win the future.
As per estimates, in 2008, America imported 11 million barrels of oil on a daily basis. Strategies are underway to cut the rate by its one-third by 2025. For the purpose of expanding safe and responsible domestic oil and gas development and production, a handful of measures steps are being suggested, such as implementing critical safety reforms and identifying underdeveloped resources.
Environmental and safety reforms are launched to ensure the responsible development of offshore oil and gas resources, especially on the wake of the oil spill in the Gulf of Mexico. According to a Department of the Interior (DOI) report, 57 percent of all leased onshore acres and 70 percent of offshore leased acres are inactive. This gives way to the idea of identifying underdeveloped resources. Finally, that gives way to the third step that is developing incentives for expedited development and production. DOI is currently developing incentives for expedited development of oil and gas production from existing and future leases.
Efforts are also being made to secure access to diverse and reliable sources of energy. The nation is working with its global partners to increase natural gas supplies, replace oil with natural gas in power generation, and increase responsible oil production. The program also includes increasing sustainable bioenergy production, building a new international framework for nuclear energy, and promoting energy efficiency.
This also includes expanding the possibilities of biofuel markets and commercializing biofuel technologies through establishing biofuel refineries and tapping experts in the industry especially for that of natural gas.
The administration has more plans to attain these goals. It is offering investments in advanced vehicles, fuel, technologies, high speed rail, and public transit and also plans to offer cutting of costs at pumps for the efficient cars and trucks. Standards for model years 2012-16 will raise average fuel economy to 35.5 miles per gallon by 2016 and it is expected to save 1.8 billion barrels of oil over the lifetime of the vehicles covered.
In the coming July, the first-ever national fuel economy and greenhouse gas emission standards for commercial trucks, vans and buses built in 2014 – 2018 will be finalized. Next generation of fuel economy and greenhouse gas emission standards proposal for passenger vehicles 2017-2025 will be announced in September 2011.
A redesigned $7500 tax credit for consumers, competitive grants for communities that encourage the adoption of electric vehicles, and funding for R&D to drive innovation in advanced battery technology will be also exercised along with. The federal fleet of vehicles of the administration has also increased the number of hybrid autos.
The Clean Energy Standard (CES) program aims at generating 80 percent of the Nation’s electricity from clean energy sources by 2035. Initiative has been called for more energy efficient homes and buildings.
The Advanced Research Project Agency-Energy (ARPA-E) program of the Government has invested in over 100 cutting-edge projects in areas ranging from smart grid technology, to carbon capture, to battery technology for electric vehicles.