The move away from oil "is being driven by tighter fuel economy mandates and the transformational shift from oil to natural gas, which is extraordinarily cheap compared with oil", says Mr Kleinman.
Turkey, part of the region's Sunni Muslim camp, needs more oil to fuel its expanding economy.
Already, the Obama Administration has made historic progress through investments in clean energy, new fuel economy standards for cars and light-duty trucks that will save approximately 1.8 billion barrels of oil, and steps toward the first-ever fuel economy standards for medium- and heavy-duty trucks.
We must reduce our dependence on oil by requiring better vehicle fuel economy, and by increasing the use of alternative fuels and innovative transportation technology such as plug-in hybrids.
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And after decades in which we have done little to increase the efficiency of cars and trucks, we've raised fuel economy standards to reduce our dependence on foreign oil while helping folks save money at the pump.
The conduit will ensure a flow of Siberian oil to fuel China's burgeoning economy--which Beijing estimates will expand by 8% this year.
Jump back to 1975 and the institution of the Corporate Average Fuel Economy requirements designed to limit our reliance on foreign oil in the wake of the Arab oil embargo.
Just by showing up at a dealership intending to buy a new vehicle of any sort and providing whatever fuel economy, Americans nowadays are intrinsically making progress against oil dependency.
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China is busy building bridges and investing in infrastructure across the continent, in return for oil and minerals to fuel its rapidly expanding economy.
The government can't do much about oil imports without fuel, the economy would grind to a halt so in the past year it has tried to rein in gold demand, raising the import duty three times in a year to its current level of 6 percent.
Think about it: We established new fuel economy standards, a historic accomplishment that is going to slash oil consumption by about 12 billion barrels, dramatically reduces pollution that contributes to climate change, and saves consumers thousands of dollars at the pump, which they can then go spend on something else.
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The fuel economy and biofuel boosts are designed to weaken the country's exposure to volatile oil prices.
The most likely cause of a future increase in world oil prices, and thus diesel fuel prices, is stronger growth of the global economy.
After a century of unprecedented growth in science, technology, and the economy, we now face tremendous challenges to our ability to fuel the future: a fluctuating oil price, a changing climate, and continued dependence on unreliable energy sources.
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