That is something that we can achieve. (Applause.) We can cut our oil dependence -- we can cut our oil dependence by a third.
Both, for example, are keen to encourage the use of biofuels and batteries to reduce America's reliance on imported oil and cut greenhouse-gas emissions.
For nine months the ship Transocean Discoverer Spirit used 360-degree rotating propellers to hold itself steady in the 3, 500-foot-deep water as diamond-tipped bits cut the deepest oil well ever--6.5 miles down.
The New York Times coverage has already been able to piece together a fascinating study of the twists and turns of US policy towards Iran and how this relates to Saudi-China relations - guaranteed oil deliveries were offered if Beijing cut its links with Tehran - and the US-Russia debate on missile defence.
To encourage the answer it wants--and to cut back the country's growing oil imports--Beijing has imposed taxes on high-gas-consumption autos, while adopting European auto emissions standards in 2004.
Plank, who has seen more than a few business cycles over his 44-year career in the oil business, began to cut spending last year as rental rates for U.S. drilling rigs doubled -- and tripled -- on rising demand.
Analyst Keith Bowman of Hargreaves Lansdown Stockbrokers said that Shell's management creditability - which was damaged in 2004 after it had to cut estimates of its proven oil reserves by 20% - was continuing to recover.
The Chinese did not suddenly cut their oil consumption by four-fifths.
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Aberdeen-based oil and gas firm Faroe Petroleum has cut its losses and has increased the amount of oil it expects to produce this year.
The country is walking what amounts to an oil-slicked tightrope: the austerity packages designed to cut spending and reel in more bailout money from its European brethren are also a brake on growth that keep the economy from producing enough money to reduce the deficit and meet the criteria for any additional loans.
LONDON, England (CNN) -- OPEC's deliberations to cut oil output in March could depress fragile world economies, commentators said.
His second-largest holding: Canadian oil firm Husky Energy, which cut spending by almost a third for 2009.
And any oil-stoked or worry-wart-induced inflation will be cut off by his toughness.
In the last year alone, we cut oil imports by 1 million barrels a day -- more than any administration in recent history.
Many oil-producing countries (including Saudi Arabia) have pledged to cut subsidies.
Oil prices spiked in 2006, when an oil spill in a BP-operated Alaskan field briefly threatened to cut off half of the state's production for months.
He argued that an expanded investment is needed to lay the foundation for long-term economic growth, cut dependence on foreign oil and slow the process of global warming.
Now, first of all, what I want to do is, in a decade, I want us to have cut by one-third the amount of oil that we imported when I was elected to this office.
After the oil-price shocks of the 1970s, several European governments tried to cut the unemployment rolls by letting older workers collect early pensions or draw sickness and disability benefits for which they did not strictly qualify.
Meanwhile, George W. Bush , a man who has spent his career in the most unpredictable industries imaginable, oil exploration and baseball, suddenly becomes the advocate of the cut-and-dried machine solution to a complex and subtle problem well beyond the tolerances of the machines in use.
Now, in what seems like heresy in oil-land, some analysts are talking about a possibility of a dividend cut.
Located on the campus of the University of Pittsburgh, "The Dirty O" has a reputation for decadent spuds: hand-cut and peeled Idaho potatoes, twice fried in peanut oil, and served golden and crunchy on a cafeteria tray.
It blocked an amendment that would have required the president to find ways to cut oil use by one million barrels a day by 2015 - on the grounds that it might have required imposing better fuel economy on our carmakers.
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It is rumoured that these were planning to cut oil supplies to the capital, Bogota, in the run-up to the two rounds of the presidential election in late May and in June, and that the paramilitary attack in May was intended to stop this.
While other attempts are planned to block the hole, it is probable that oil will continue to pour from it for another couple of months, until relief wells are drilled to intersect and reduce the pressure in the currently flowing well and cut-off the leakage of perhaps 50 million barrels of oil contained there by the injection of concrete deep into the seabed.
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But, a slowing economy and oil price-induced higher fares have damped demand this year, leading several carriers to cut costs via pruning routes and reducing staff.
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Obama also outlined his promises for the nation -- vowing to cut taxes, end the country's dependence on oil from the Middle East and offer affordable healthcare for all Americans.
Multi-year highs in oil prices have pushed the consumer further back, forcing them to cut back on discretionary spending as they focus on necessities.
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Analysts say such a shutdown could cut production in Nigeria, Africa's largest oil producer, by one-quarter within weeks or sooner if security forces guarding the facilities sympathize with union demands.
Transocean ( RIG - news - people ), says the safety device that was supposed to cut oil flow on the ocean floor in the event of a well blowout did not perform its function.
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