White House Office Of Communications
January 23, 2007
Twenty In Ten: Strengthening America 's Energy Security
Tonight, President Bush Will Ask Congress And America 's Scientists, Farmers, Industry Leaders, And Entrepreneurs To Join Him In Pursuing The Goal Of Reducing U.S. Gasoline Usage By 20 Percent In The Next Ten Years - Twenty In Ten. For too long, our Nation has been dependent on oil. America 's dependence leaves us more vulnerable to hostile regimes, and to terrorists - who could cause huge disruptions of oil shipments, raise the price of oil, and do great harm to our economy.
America Will Reach The President's Twenty In Ten Goal By:
The President's Plan Will Help Confront Climate Change By Stopping The Projected Growth Of Carbon Dioxide Emissions From Cars, Light Trucks, And SUVs Within 10 Years.
The President's Plan To Strengthen America 's Energy Security Also Includes:
The President's Plan Calls For Facilitating The Growth Of Renewable And Alternative Fuel Sources By Increasing The Size And Expanding The Scope Of The Current Renewable Fuel Standard (RFS).
American Technology And Innovation Will Lead To Energy Security. President Bush believes our scientists, farmers, entrepreneurs, and industry leaders will continue to lead the world in developing and investing in cutting-edge technology, infrastructure, and farming methods. Advances in many fields will play an important role, such as continued improvement in crop yields, optimization of crops and cellulosic materials as fuel feedstock, and cost reduction in the production of cellulosic ethanol and other alternative fuels. The increased and expanded fuel standard creates a tremendous incentive for research, development, and private investment into alternatives to oil.
Global Production Of Alternative Fuels Helps Us Reach Our Goal And Increases Our Energy Security. The President expects most of the expanded fuel standard to be met with domestically-produced alternative fuels. However, importing alternative fuels also increases the diversity of fuel sources, which further increases our energy security.
The President's Plan Enables America To Lead The World To Energy Security. By establishing such a visible and ambitious fuel standard, America 's global leadership will help encourage our friends and allies to consider similar policies. Actions by America's friends and allies to increase their production of oil and oil alternatives, diversify their supplies, reduce their consumption, and increase their oil reserves will enhance the energy security of America and the rest of the world. Conversely, foreign actions that undermine free, open, and competitive markets for trade and investment in energy supplies diminish the energy security of America and the world. This is why America opposes the political manipulation of oil and gas exports.
Reducing Gasoline Consumption Through Increasing Vehicle Efficiency
The President's CAFE Plan Will Reduce Gasoline Consumption By Up To 8.5 Billion Gallons Per Year In 2017. The President's plan calls for reforming and increasing CAFE standards for cars, and for further increasing light truck and SUV standards. The President believes new technologies can be deployed to significantly improve fuel economy without impacting safety. Reducing projected consumption by up to 8.5 billion gallons in 2017 means a 5 percent reduction in projected gasoline consumption in that year. The fuel efficiency standard will have even larger benefits later, when consumers replace even more of the auto fleet with purchases of the more efficient new vehicles. These amounts are based on an assumption that on average, fuel efficiency standards for both light trucks and passenger cars are increased 4 percent per year, beginning in Model Year 2010 for cars and Model Year 2012 for light trucks. Given the changing nature of the marketplace for both cars and light trucks, the Secretary of Transportation will determine the actual standard and fuel savings in a flexible rulemaking process.
Congress Must Reform CAFE For Passenger Cars. The Administration has twice increased CAFE standards for light trucks using an attribute-based method. An attribute-based system (for example, a size-based system) reduces the risk that vehicle safety is compromised, helps preserve consumer choice, and helps spread the burden of compliance across all product lines and manufacturers. Congress should authorize the Secretary of Transportation to apply the same kind of attribute-based method to passenger cars.
Congress Should Not Legislate A Particular Numeric Fuel Economy Standard. The Secretary of Transportation should be given the authority to set the fuel standard, based on cost/benefit analysis, using sound science, and without impacting safety.
The President's Plan Incorporates Flexibility To Minimize Consumer Costs And Increase Consumer Benefits. The plan will enable auto companies to increase fuel economy at the lowest possible cost to consumers by building flexibility into the CAFE standard for both cars and light trucks, such as giving companies the opportunity to buy and sell CAFE credits.
The President's Plan Calls For The U.S. Department Of Transportation (DOT) To Work With States And Cities To Explore Ways To Reduce Traffic Congestion, Help Save Fuel, And Reduce Commute Times. In 2003, drivers in America 's 85 most congested urban areas experienced 3.7 billion hours of travel delay and wasted 2.3 billion gallons of fuel, costing a total of $63 billion.
The President's Budget Redirects DOT Funds To A New $175 Million Highway Congestion Initiative For State And Local Governments To Demonstrate Innovative Ideas For Curbing Congestion. These ideas include congestion pricing, commuter transit services, commitments from employers to expand work schedule flexibility, and faster deployment of real-time traffic information. In one year, this wasted fuel accounts for more than 20 million metric tons of carbon dioxide emissions.
Stepping Up Domestic Oil Production In Environmentally Sensitive Ways
The President Calls For Stepping Up Domestic Oil Production In Environmentally Sensitive Ways By:
Doubling The Current Capacity Of The Strategic Petroleum Reserve
The President Proposes Doubling The Current Capacity Of The Strategic Petroleum Reserve ( SPR ) To 1.5 Billion Barrels By 2027. The SPR's purpose is to provide the United States with an emergency inventory of oil, an insurance policy in the event of a severe supply disruption, such as from a natural disaster or a terrorist attack in the energy supply chain. Doubling the SPR alone will provide approximately 97 days of net oil import protection, enhancing America 's ability to respond to potential oil disruptions.
The SPR Is Currently At 691 Million Barrels And, Due To Increased Consumption, This Represents Only 55 Days Of Net Oil Imports. In 1985, the SPR , with 493 million barrels of oil, represented 118 days of net oil imports.
Our Nation Has Already Made Great Progress In Strengthening Our Energy Security
Technology Has Enabled Us To Make Significant Progress. We need to continue with important research into plug-in and advanced hybrid vehicles, and expand the use of high efficiency clean diesel vehicles and biodiesel fuel. We must continue investing in new methods of producing ethanol and other biofuels. We must further expand the use of clean coal technology, solar and wind energy, and clean, safe nuclear power.
Including The 2008 Budget, The Federal Government Will Have Spent $15 Billion Since 2001 To Develop Cleaner, Cheaper, More Efficient, And More Reliable Energy Sources.
The President Signed The Gulf Of Mexico Energy Security Act To Increase Domestic Oil And Gas Production By Allowing Access To Key Portions Of America 's Outer Continental Shelf. This allows access to areas with potential resources of more than 1 billion additional barrels of oil and nearly 6 trillion cubic feet of natural gas.
The President's Plan Enables Us To Further Enhance Our Energy Security
Technology Will Help Diversify America 's Energy Supply. America is close to technological breakthroughs that will decrease our oil dependency, protect our environment, and help us confront the serious challenge of global climate change. The President's new proposals build upon the advances made possible by the Administration's previous initiatives, including the Advanced Energy Initiative, American Competitiveness Initiative, and the Energy Policy Act of 2005.
Energy Security Will Be Further Enhanced By:
The President's 2008 Budget Continues Robust Funding For Advanced Energy Technologies That Can Help Reduce Our Dependence On Foreign Oil And Provide Clean, Lower Carbon Energy To Change The Way We Power Our Homes And Businesses. The 2008 budget includes nearly $2.7 billion for the Advanced Energy Initiative, an increase of 26 percent above the 2007 request and 53 percent above 2006. The 2008 budget provides $179 million for the President's Biofuels Initiative, an increase of $29 million (19 percent) compared to the 2007 budget. The President's Biofuels Initiative aims to accelerate cost reduction and commercial development of cellulosic ethanol, which can be made from abundant biomass materials, including agricultural waste and forest residues, and from dedicated energy crops such as switchgrass.
The President's Farm Bill Proposal Will Include More Than $1.6 Billion Of Additional New Funding Over Ten Years For Energy Innovation, Including Bio-Energy Research, Energy Efficiency Grants, And $2 Billion In Loans For Cellulosic Ethanol Plants.
The Administration's Ongoing Energy Policy
The Administration's 2001 National Energy Plan Provided A Blueprint For Diversifying And Conserving Our Energy Resources To Increase Our Energy Security.