Transportation fuels are the major component of the energy portfolio. Of the 20 million barrels of petroleum consumed each day in the United States, 68 percent is used in the transportation sector. The Western states are in position to become key producers and beneficiaries in the emerging alternative-fuels economy. In 2008, the Western Governors accepted a report and passed a resolution reaffirming their commitment to developing and diversifying the region's transportation fuels portfolio.