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12%  
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  • Inside Bush's Energy Proposals

    01/27/2007 12:10:28 PM PST · by Tolerance Sucks Rocks · 3 replies · 390+ views
    Wall Street Journal ^ | January 27, 2007 | Wall Street Journal
    President Bush last week called on the nation to invest in new technology to reduce dependence on foreign oil. The president set specific targets for the U.S., calling for a 20% reduction in gasoline use over the next 10 years. He said that a boost in the use of alternative fuels such as ethanol would account for most of that reduction, cutting gasoline use by 15%. Stricter gas-mileage standards for vehicles, he said, should lead to the other 5% reduction. The president also proposed doubling the nation's strategic-petroleum reserves to hedge against oil-supply interruptions. Increased calls for energy independence come...