The goal of eliminating all U.S. oil imports could be achieved by 2035 but would take more declines in demand and greater domestic oil and gas production than currently projected, the Energy Department said Wednesday.
The department's Energy Information Administration said that even if the scenario is achieved, it would still not fully insulate domestic drivers from international oil price increases.
A new report from the Congressional Budget Office said a carbon tax could bring in significant revenues and help reverse climate change at the cost of higher prices and lower incomes, The Hill reports.
The House Appropriations Committee proposed giving $24.3 billion to the subcommittee that finances the Interior Department, EPA and similar agencies, an 18-percent cut from fiscal 2013 levels, E&E News reports.
Senate Energy and Natural Resources Chairman Ron Wyden, D-Ore., and Ranking Member Lisa Murkowski, R-Alaska, called on the Forest Service to drop its plans to withhold funds from rural timber communities.