At the House International Relations Committee hearing on "Terrorist Threats to Energy Security," John P. Dowd, a senior research analyst at Sanford C. Bernstein & Company, Inc, suggests that reducing the demand for transportation fuel is the only realistic way of gaining energy independence in the U.S
Dowd adds that by improving the fuel efficiency of all vehicles by two miles per gallon, the demand for gasoline would be reduced by roughly one million barrels per day. (:24)
July 27, 2005
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