In President Obama’s Blueprint for a Secure Energy Future (March 2011), he recommended expanded drilling and development of one million electrically powered vehicles to maintain reasonable gasoline prices. That will not achieve stable gasoline prices because United States oil reserves are declining, new reserves are uncertain and one million electric vehicles is a small percentage of the total vehicle fleet (i.e., 137 million passenger vehicles).
Gasoline prices are likely to increase because the United States is now importing nearly 60 percent of its crude oil needs. In 11 years that figure will rise to 100 percent without a combination of large-scale conversion to a new engine technology, massive oil discoveries, wide spread use of public transportation or a significant decline in oil consumption due to an economic depression. This situation was totally ignored by President Obama and if not recognized and corrected by realistic, publicly supported planning, it will lead to:
• U.S. economy and trade balance will become far worse than it is now
• OPEC will exert even more influence over U.S. policy
• U.S. transportation and manufacturing will be at riskTags: Blueprint for a Secure Energy Future, Drilling, Electric Vehicles, Imported OIl