UPDATE 5-Obama calls for deep cuts in U.S. oil imports

Newswire

* Libya conflict, Arab unrest boosting crude oil prices * Plan includes raising domestic output, efficiency * Wants to break ground on major biofuel refineries soon * Poll shows Obama approval rating down (Adds more details) By Alister Bull and Patricia Zengerle WASHINGTON, March 30 (Reuters) - President Barack Obama on Wednesday proposed to cut U.S. oil imports by a third over 10 years, setting an ambitious goal that eluded his predecessors as high gasoline prices threatened to ...

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