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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsObama addresses "an all-of-the-above energy strategy" and ending a subsidies to oil companies
Remarks of President Barack Obama
As Prepared for Delivery
The White House
Saturday, February 25, 2012
Hello, everybody.
In the State of the Union, I laid out three areas we need to focus on if were going to build an economy that lasts: new American manufacturing, new skills and education for American workers, and new sources of American-made energy.
These days, were getting another painful reminder why developing new energy is so important to our future. Just like they did last year, gas prices are starting to climb. Only this time, its happening earlier. And that hurts everyone everyone who owns a car; everyone who owns a business. It means you have to stretch your paycheck even further. Some folks have no choice but to drive a long way to work, and high gas prices are like a tax straight out of their paychecks.
Now, some politicians always see this as a political opportunity. And since its an election year, theyre already dusting off their three-point plans for $2 gas. Ill save you the suspense: Step one is drill, step two is drill, and step three is keep drilling. We hear the same thing every year.
Well the American people arent stupid. You know thats not a plan especially since were already drilling. Its a bumper sticker. Its not a strategy to solve our energy challenge. Its a strategy to get politicians through an election.
You know there are no quick fixes to this problem, and you know we cant just drill our way to lower gas prices. If were going to take control of our energy future and avoid these gas price spikes down the line, then we need a sustained, all-of-the-above strategy that develops every available source of American energy oil, gas, wind, solar, nuclear, biofuels, and more. We need to keep developing the technology that allows us to use less oil in our cars and trucks; in our buildings and plants. Thats the strategy were pursuing, and thats the only real solution to this challenge.
Now, we absolutely need safe, responsible oil production here in America. Thats why under my Administration, America is producing more oil today than at any time in the last eight years. In 2010, our dependence on foreign oil was under 50% for the first time in more than a decade. And while there are no short-term silver bullets when it comes to gas prices, Ive directed my administration to look for every single area where we can make an impact and help consumers in the months ahead, from permitting to delivery bottlenecks to whats going on in the oil markets.
But over the long term, an all-of-the-above energy strategy means we have to do more. It means we have to make some choices.
Heres one example. Right now, four billion of your tax dollars subsidize the oil industry every year. Four billion dollars.
Imagine that. Maybe some of you are listening to this in your car right now, pulling into a gas station to fill up. As you watch those numbers rise, know that oil company profits have never been higher. Yet somehow, Congress is still giving those same companies another four billion dollars of your money. Thats outrageous. Its inexcusable. And it has to stop.
A century of subsidies to the oil companies is long enough. Its time to end taxpayer giveaways to an industry thats never been more profitable, and use that money to reduce our deficit and double-down on a clean energy industry thats never been more promising. Because of the investments weve already made, the use of wind and solar energy in this country has nearly doubled and thousands of Americans have jobs because of it. And because we put in place the toughest fuel economy standards in history, our cars will average nearly 55 miles per gallon by the middle of the next decade something that, over time, will save the typical family more than $8,000 at the pump. Now Congress needs to keep that momentum going by renewing the clean energy tax credits that will lead to more jobs and less dependence on foreign oil.
Look, we know theres no silver bullet that will bring down gas prices or reduce our dependence on foreign oil overnight. But what we can do is get our priorities straight, and make a sustained, serious effort to tackle this problem. Thats the commitment we need right now. And with your help, its a commitment we can make. Thank you.
http://www.whitehouse.gov/the-press-office/2012/02/25/weekly-address-all-above-approach-american-energy
As Prepared for Delivery
The White House
Saturday, February 25, 2012
Hello, everybody.
In the State of the Union, I laid out three areas we need to focus on if were going to build an economy that lasts: new American manufacturing, new skills and education for American workers, and new sources of American-made energy.
These days, were getting another painful reminder why developing new energy is so important to our future. Just like they did last year, gas prices are starting to climb. Only this time, its happening earlier. And that hurts everyone everyone who owns a car; everyone who owns a business. It means you have to stretch your paycheck even further. Some folks have no choice but to drive a long way to work, and high gas prices are like a tax straight out of their paychecks.
Now, some politicians always see this as a political opportunity. And since its an election year, theyre already dusting off their three-point plans for $2 gas. Ill save you the suspense: Step one is drill, step two is drill, and step three is keep drilling. We hear the same thing every year.
Well the American people arent stupid. You know thats not a plan especially since were already drilling. Its a bumper sticker. Its not a strategy to solve our energy challenge. Its a strategy to get politicians through an election.
You know there are no quick fixes to this problem, and you know we cant just drill our way to lower gas prices. If were going to take control of our energy future and avoid these gas price spikes down the line, then we need a sustained, all-of-the-above strategy that develops every available source of American energy oil, gas, wind, solar, nuclear, biofuels, and more. We need to keep developing the technology that allows us to use less oil in our cars and trucks; in our buildings and plants. Thats the strategy were pursuing, and thats the only real solution to this challenge.
Now, we absolutely need safe, responsible oil production here in America. Thats why under my Administration, America is producing more oil today than at any time in the last eight years. In 2010, our dependence on foreign oil was under 50% for the first time in more than a decade. And while there are no short-term silver bullets when it comes to gas prices, Ive directed my administration to look for every single area where we can make an impact and help consumers in the months ahead, from permitting to delivery bottlenecks to whats going on in the oil markets.
But over the long term, an all-of-the-above energy strategy means we have to do more. It means we have to make some choices.
Heres one example. Right now, four billion of your tax dollars subsidize the oil industry every year. Four billion dollars.
Imagine that. Maybe some of you are listening to this in your car right now, pulling into a gas station to fill up. As you watch those numbers rise, know that oil company profits have never been higher. Yet somehow, Congress is still giving those same companies another four billion dollars of your money. Thats outrageous. Its inexcusable. And it has to stop.
A century of subsidies to the oil companies is long enough. Its time to end taxpayer giveaways to an industry thats never been more profitable, and use that money to reduce our deficit and double-down on a clean energy industry thats never been more promising. Because of the investments weve already made, the use of wind and solar energy in this country has nearly doubled and thousands of Americans have jobs because of it. And because we put in place the toughest fuel economy standards in history, our cars will average nearly 55 miles per gallon by the middle of the next decade something that, over time, will save the typical family more than $8,000 at the pump. Now Congress needs to keep that momentum going by renewing the clean energy tax credits that will lead to more jobs and less dependence on foreign oil.
Look, we know theres no silver bullet that will bring down gas prices or reduce our dependence on foreign oil overnight. But what we can do is get our priorities straight, and make a sustained, serious effort to tackle this problem. Thats the commitment we need right now. And with your help, its a commitment we can make. Thank you.
http://www.whitehouse.gov/the-press-office/2012/02/25/weekly-address-all-above-approach-american-energy
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Obama addresses "an all-of-the-above energy strategy" and ending a subsidies to oil companies (Original Post)
ProSense
Feb 2012
OP
ProSense
(116,464 posts)1. Kick! n/t
JDPriestly
(57,936 posts)2. K&R
Tarheel_Dem
(31,241 posts)3. K&R
SunsetDreams
(8,571 posts)4. kick