Obama Promotes Energy Policy
In this weekend's YouTube address, President Obama discussed his proposals for energy policy, to reduce the country's dependence on foreign oil and encourage the use of clean energy.
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"Part of this strategy involves increasing our oil exploration right here in America. In fact, our oil production last year reached its highest level since 2003, and we want to encourage more safe, responsible drilling where we can," said Obama.
"But the truth is, drilling alone is not a real strategy to replace our dependence on foreign oil. And that's because even though America uses 25 percent of the world's oil, we currently have only about 2 percent of the world's oil reserves. Even if we used every last drop of all the oil we have, it wouldn't be enough to meet our long-term energy needs. So, real energy security can only come if we find ways to use less oil - if we invest in cleaner fuels and greater efficiency."