Obama says US reducing dependence on foreign oil
3/1/2012 12:00:00 AM
By GREG ROBB
President Barack Obama on Thursday released research that showed that US dependence on foreign oil has gone down every year since he took office.
In a speech at Nashua Community College in Nashua, New Hampshire, Obama said that dependence on foreign oil fell below 50% of the oil consumed in 2010 for the first time in 13 years.
The positive trend continued in 2011.
Obama called on Congress to eliminate subsidies to the oil industry.
"I want them to vote on this in the next few weeks, so we can put every single member [of Congress] on record," he said.
Dow Jones Newswires
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