>WASHINGTON – In his weekly address, President Obama laid out his plans to address rising gas prices over the short and the long term. While there is no silver bullet to bring down prices right away, there are a few things we can do. This week, the Attorney General launched a task force dedicated to rooting out fraud or manipulations in the oil markets. The President called for finally ending the $4 billion in taxpayer money that the oil and gas companies receive annually. And, we need to continue safe, responsible production of oil at home. But in the long term, we need to invest in clean, renewable energy. That is why the President strongly disagrees with a proposal in Congress that cuts our investments in clean energy by 70percent.
Category Archives: energy future
>President Obama’s Weekly Address 4/23/11: Stopping Oil Market Fraud, Beginning a Clean Energy Future
>WASHINGTON – In his weekly address, President Obama discussed his strategy to reduce our dependence on foreign oil and secure our nation’s energy future. When the President was elected, America imported eleven million barrels of oil a day. This week he announced a bold, but achievable goal of cutting this number by one-third by 2025.
To achieve this goal we will increase responsible domestic oil and gas development in the short term, while also increasing efficiency and harnessing new technologies including biofuels, natural gas, and advanced batteries. And through the Clean Fleets Partnership, large companies, such as UPS, FedEx, AT&T, Verizon, and PepsiCo, will help boost the market for clean fuels by switching their fleets over to electric and alternative vehicles.