Obama’s Energy Agenda

May 27th, 2011 by Trey


The Obama Administration and the Business of Big Oil

In response to increased gasoline prices, President Obama has put together a team of top energy experts and business administration professionals to devise an ambitious energy agenda designed to increase energy efficiency through environmental initiatives and to decrease American reliance on foreign fuels, such as petroleum from the Middle East and natural gas from Asia.

To advance the new energy agenda, President Obama’s administrative team first had to uncover facts about current domestic oil production. In 2010, the United States produced over 2 billion barrels of crude oil, the most in a single year since 2003. In additional business, over 26 trillion cubic feet of natural gas was produced, making 2010 the most productive year in history. Production is set to increase due to the fact that 6 million new onshore acres and 37 million offshore acres were offered for lease.

New business standards were put into place in recent years that have increased the fuel efficiency of cars and trucks. Business reports show the average fuel economy for cars and trucks is set to be 35.5 miles per gallon from 2012 to 2016. This is set to save over 1.8 billion barrels of oil during the lifetime of these vehicles.

Another part of the energy agenda was putting into place a cleaner public transportation system and investing in vehicles using alternative fuels. The cost of advanced electric batteries is set to decrease from $33,333 in 2009 to only $5,000 in 2021. The goal of the administration is to have 1 million electric vehicles on the road by 2015.

Renewable energy generation is predicted to increase in coming years. In 2010, 116.3 terawatt hours of renewable energy was produced. That is expected to increase to 174 terawatt hours by 2012.

This agenda is exciting news for the world of energy production. Earning a Business Administration and Managementnow can help get new graduates into the green energy field on the ground level. A business administration college can help make you a part of it.

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You should seek out a degree in Business Administration which is easy if when you start at US College Search, a site dedicated to your new career. You can “Search By Degree” and select “Business Administration” or “Search For College By State” to get started on your college search.

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