Reducing Our Reliance Upon Foreign Oil: A National Imperative:
| The need to reduce our reliance on foreign oil has been
expressed by every president since Richard Nixon. President
Obama has taken a pragmatic view in answering this challenge.
He has not promised "energy independence" - rather, he has
challenged us to eliminate oil imports from the Middle East and
Venezuela in the next 10 years. This is an attainable goal. The United States currently imports approximately 70 percent of its oil, a fact that makes us beholden to foreign governments who could influence our domestic and foreign policy with the simple turn of a wheel at the end of a pipelines 6,000 miles away. In this process, we also export tremendous domestic wealth - the U.S. spent $475 billion on foreign oil in 2008 alone. OPEC declared earlier this year that the world price of oil should be $75 per barrel. OPEC countries produce about 46 percent of the world's crude oil and about 60 percent of the crude oil traded internationally, so the price we pay for foreign oil is likely to be about what OPEC wants it to be. In 1973, the U.S. imported only about one third of our oil needs, but anyone who lived through the OPEC oil embargo during that time remembers the economic, societal, and foreign policy disruptions. Now, in an era when we depend on foreign sources for approximately 70 percent of our oil, the potential dangers of even a brief disruption are obvious. Transportation is where we must look for an immediate impact to reduce our nation's dependence upon foreign oil. Placing an emphasis on reducing the imported oil used as diesel fuel to move the more than six million heavy--trucks in the U.S. today is the first step and would have an immediate affect. Fleet vehicles public and private--can also add to the this significant and immediate reduction. As cars and trucks are still one of the biggest sources of oil pollution, using cleaner fuels can have additional important and tangible benefits to environmentally quality as well. Every domestic source can and should contribute to this effort. Our nation's law and policy makers must play a central role in developing and implementing key policies, including:
Immediate and expanded use of clean and domestic energy can provide a bridge to the next generation of non-fossil transportation fuel technology and accelerate innovation to move goods and people Using existing technology, America can begin today to reduce dependence on oil. Clean Energy -United States Senator Harry Reid of Nevada
Right now, America is at a critical crossroads. From the headlines and what is occurring in communities across the nation, our economy is struggling, and we need to move faster to seize the growth opportunity of the 21st century - clean energy. We have made some notable progress toward that goal in recent months and years, but our stability and long-term security is threatened by our addiction to oil and the inefficient use of fossil fuels. We must urgently build national momentum to invest in energy efficiency and renewable energy technologies and standards that will save consumers money and create millions of new jobs, including thousands in Nevada, while addressing our critical security challenges. There are two options before us. One path takes us toward a cleaner, more affordable and safer future with sustainable economic growth and unlimited opportunity by focusing on clean energy. The other path is the status quo, which makes us more dependent on dirty and inefficient use of fossil fuels and other dangerous and increasingly expensive energy sources. The second path further harms our economy, makes us less competitive, increases the risks of global warming, and does little to preserve a more secure life for future generations. Supporting Renewable Energy and Efficiency Across Nevada Since 2000, Senator Reid has secured well over $100 million for Nevada-based projects to research and advance our nation's renewable energy and energy efficiency capabilities. Additionally, the American Recovery and Reinvestment Act (ARRA) provided over $100 million for energy efficiency, renewables and weatherization projects in Nevada. Nevada's institutions of higher education, schools, counties and others are working to make Nevada the nation's renewable energy leader. Providing Funding and Incentives for Renewable Energy and Energy Efficiency For many years, Senator Reid has pursued consistent federal incentives to develop clean renewable energy resources. In ARRA, Congress improved and extended the 30% investment tax credits for commercial and residential solar energy and extended the geothermal thermal energy production tax credit through 2013. We also funded $4 billion in Clean Renewable Energy Bonds and Energy Conservation Bonds, boosted the tax credit for energy efficient home appliances and improvements, and created a tax credit for purchasing new plug-in vehicles. Delivering Renewable Energy to the Grid Much of Nevada's best solar, wind, and geothermal resources are in remote areas, and do not have access to transmission lines. Senator Reid introduced legislation (the Clean Renewable Energy and Economic Development Act, S.539) to facilitate sitting and planning for green transmission, allow broader allocation of transmission costs, and provide additional financing opportunities for building transmission to areas with abundant renewable resources. As a start toward a national smart grid, ARRA provided the Western Area Power Administration with $3.25 billion to finance or build new transmission capacity to facilitate renewable energy development. Developing Renewable Energy on Public Lands In June, Senator Reid joined Interior Secretary Salazar to announce the designation of 24 tracts of public lands in 6 western states as solar energy study areas. These study areas will allow for expedited review, coordinated environmental studies, and send a clear signal of the government's commitment to developing renewable energy. They are working to make these projects work for Nevadans by introducing legislation with Senator John Ensign (the Renewable Energy Permitting Act, S.995) to provide counties and states with a greater share of revenues collected from renewable energy projects that use public lands.
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