Obama rolls out plan to cut oil imports

By Alan Silverleib

President Barack Obama outlined a plan Wednesday to cut America's imports of foreign oil by a third.

"Over the past two years the administration has taken what can only be described as a war on American energy," he said. "It's canceled dozens of drilling leases, it's declared a moratorium on drilling off the Gulf Coast (and) increased permit fees. ... In short, it's done just about everything it can to keep our energy sector from growing."

Sen. John Cornyn, R-Texas, released a statement arguing that "the American people need action from President Obama, not another lecture, especially as skyrocketing gas prices are crippling middle-class families and small businesses."

Obama's policies "have exacerbated the economic pain Americans are feeling at the pump," Cornyn argued. "It is time for the president to recognize the damage his policies are having on the economy, take his boot off the neck of domestic energy producers, and unlock our domestic energy potential."



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