President Barack Obama's latest initiatives to reduce U.S. dependence on imported oil are nothing new and probably are doomed to be ignored by Congress, according to The Economist. Republicans who control the House are firmly opposed to anything like a green-energy policy and are trying to weaken the Environmental Protection Agency. "So it is hard to see his half-baked, reheated list of proposals as anything more than a reassurance to the environmentally minded, and to Americans fretting about rising fuel prices, that the president feels their pain," the magazine noted.

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