This is an excerpt from EERE Network News, a weekly electronic newsletter.
PNNL Study: Algae Could Replace 17% of U.S. Oil Imports
Every day, the United States spends about $1 billion to import foreign oil, money that we could be investing in American energy and the American economy. President Obama recently announced an ambitious but achievable goal of reducing our oil imports by a third by 2025. To meet this goal, we will need to increase our use of homegrown advanced biofuels. On April 13, DOE's Pacific Northwest National Laboratory (PNNL) came out with a new study that shows that 17% of the United States' imported oil for transportation could be replaced with American-grown biofuels from algae.
Developing the next generation of biofuels is an important step towards reducing our dependence on foreign oil and advancing new economic opportunities throughout the country. See the Energy Blog post.