Sentences with phrase «oil imports»
"Oil imports" refers to the purchase and transportation of oil from one country to another. When a country imports oil, it means they are buying oil from other countries rather than producing enough oil on their own. Full definition
The study said the carbon tax would lower pollution by 20 per cent by 2050 and prevent oil imports from rising.
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To actually stop the growth of oil imports and potentially even reduce consumption, automakers have focused on developing cars powered by hydrogen fuel cells.
Reducing oil imports by one - third means using 3.7 million fewer barrels a day.
That is certainly good for the living standards of people in societies that are dependent on oil imports for production, transportation and heating.
He says this would cut oil imports by 38 %.
What are the implications of rising oil imports for the region?
His central goal is to cut oil imports by a third over the next decade..
The Chinese leadership, and particularly the military, is very concerned about oil import dependency and has made a concerted effort to keep its foreign oil sources as diversified as possible.
Domestic oil production is at a 15 - year high while oil imports are at a 15 - year low.
We all want greater economic security, which spending a $ 1 billion a day in oil imports doesn't secure.
The administration has indeed granted 20 waivers, to countries that made significant reductions in Iranian oil imports.
And corn ethanol can't be produced in sufficient quantities to dent oil imports: roughly 4 billion gal.
It's largely the result of expected declining oil imports and rising natural gas exports.
Their commercial - scale geothermal plants have been built in areas that would otherwise have been forced to depend on expensive oil imports and environmentally hazardous fossil fuels.
This study explores several policy scenarios for reducing oil imports and greenhouse gas emissions from transportation.
For any nation, the ability to create more of their own fuel and be less dependent on oil imports can have economic benefits.
Unlike politicians, economists are not up for election, so they can tell the truth about cutting oil imports.
These new supplies, which are available to meet U.S. domestic petroleum product demand, have substantially reduced U.S. dependence upon crude oil imports from overseas.
This — combined with the energy used to refrigerate and haul the bottled water in trucks, sometimes over hundreds of miles — means the U.S. bottled water industry consumes roughly 50 million barrels of oil per year, equal to 13 percent of U.S. oil imports from Saudi Arabia.
Seventy percent of new cars in Brazil are sold with «flex fuel» engines, which can run on pure gasoline or E85, a blend of up to 85 percent ethanol and 15 percent gasoline, and the Brazilian government has announced that it will wean itself from foreign oil imports completely by the end of this year.
Kahia, Montassar and Ben Aissa, Mohamed Safouane (2014): Renewable and non-renewable energy consumption and economic growth: Evidence from MENA Net Oil Importing Countries.
When Congress created the Renewable Fuel Standard (RFS) more than a decade ago, lawmakers hoped the federal fuels program would spur development of a domestic biofuels industry that would help reduce oil imports with millions and millions of gallons of homegrown ethanol — with a particular focus on increasing volumes of cellulosic biofuel made from corn stover, wood chips, miscanthus or other cellulosic feedstocks.
The shift, an EIA report released on Friday noted, reflects both a steadily growing Chinese demand and flat - lining U.S. oil imports as a result of America's shale oil boom.
The industrial uses of solar air heating, which is gaining increasing acceptance, help in paring emissions and use of fossil fuels, and could also lead to a lower oil import bill for India
A more severe action reportedly under consideration would be a ban on Venezuelan crude oil imports into the U.S., which would likely have far - reaching implications for Venezuela, the U.S., and the oil market.
Between now and 2020 expect a huge overseas clamour for our LNG even as our crude oil import bill grows wildly.
This North American oil is displacing millions of barrels of annual US oil imports from some of the least savory countries on Earth, while adding billions of barrels a year to planetary petroleum production, and thereby keeping world oil prices lower than they would otherwise be.
«WWF believes it is possible for palm oil imports into Australia to be 100 per cent CSPO by 2015, ensuring our palm oil consumption does not drive the further loss of these amazing habitats,» said Mr Bourne.
Replacing oil imports with domestically produced gas may promise better energy security and economic benefits.
The administration's plan included federal aid and incentive programs that would have cut U.S. net oil imports in half by 2020.
«Diversification of Oil Import Sources and Energy Security: A Key Strategy or an Elusive Objective?»
Russia has helped to offset the loss of Venezuelan oil imports with 1.9 million barrels of fuel (estimated to be worth $ 105 million at discounted rates), and Russian exports to Cuba nearly doubled last year.
China's Sinopec plans to cut Saudi crude oil imports loading in May by 40 percent, an official from the company's trading arm Unipec said.
In many commercial pet foods, the fresh fish is replaced with fish oil imported all the way from China - preservatives and all!
Respectfully, Mr. President, falling oil imports, reduced U.S. carbon emissions and $ 2 gasoline are reasons to sustain and grow America's energy revolution — not reasons to kneecap it.
Schieffer: Would each of you give us a number, a specific number of how much you believe we can reduce our foreign oil imports during your first term?
As Gal Luft, co-chairman of the Set America Free coalition, a bipartisan alliance of national security, labor, environmental and religious groups that believe reducing oil consumption is a national priority, points out: the majority of U.S. oil imports go to fueling the transport sector - primarily cars and trucks.
The fight in Minnesota is the latest effort by climate change activists to erect barriers to Canadian oil imports with the goal of curbing greenhouse gas emissions.
It does matter how much oil you import.
«Following Russia's recent acceptance of the renminbi as payments for oil, we expect more record high oil imports ahead to China,» Gordon Kwan, the Hong Kong - based head of regional oil and gas research at Nomura Holdings Inc., said in an e-mail, referring to the Chinese currency.
This comes as oil prices looped back around as global oil demand numbers led by record oil imports in India and another reported drop in Cushing, Okla., supplies continue to support prices as global stock prices rebound
During the early 1990s, Cuba saw a sharp decline in energy supply due to a cutoff of low - cost oil imports from the now - defunct Soviet Union.
In fact, the US might increase oil imports since foreign producers won't be saddled with the carbon taxes or permit fees contained in McCain Lieberman approach.
This marks the provision's first use since the U.S. banned oil imports from Libya in 1982.
Even though United States oil imports from Nigeria have been dropping, the country still vies with Iraq for fifth place on the Energy Department's top - ten list of importers.
Photograph: Anna Gowthorpe / PA Ministers have been urged to bring forward their 2040 ban on new diesel and petrol car sales by a decade, a move which an environmental thinktank said would almost halve oil imports and largely close the gap in the UK's climate targets.
Even without «trade wars», OPEC could see demand growth slow down at $ 80 oil, as oil importing nations would be paying $ 30 a barrel more than they did last year, and double what they paid in 2016.