Obama Calls for Clean Energy Boost

The President wants to devote $2 billion to research that might wean America off of oil.

By | March 18, 2013

WIKIMEDIA, LEONARD G.The United States should establish a $2 billion energy security trust fund dedicated to fueling research into technologies that would result in a new generation of cars and trucks that run on clean energy, President Barack Obama announced at Argonne National Laboratory last week (March 15).

“The only way to break this cycle of spiking gas prices—the only way to break that cycle for good—is to shift our cars entirely, our cars and trucks, off oil,” the Chicago Sun-Times reported Obama saying to about 400 people in the lab’s Center for Nanoscale Materials. “It’s not just about saving money; it’s also about saving the environment. It’s also about national security. . . . Our reliance on oil makes us way too dependent on other parts of the world, many of which are very volatile.”

The money for the trust fund, which Obama mentioned in his last State of the Union address, would come from selling leases to drill oil and gas on public lands over the next 10 years.

Add a Comment

Avatar of: You

You

Processing...
Processing...

Sign In with your LabX Media Group Passport to leave a comment

Not a member? Register Now!

LabX Media Group Passport Logo

Popular Now

  1. Top 10 Innovations 2016
    Features Top 10 Innovations 2016

    This year’s list of winners celebrates both large leaps and small (but important) steps in life science technology.

  2. Pubic Hair Grooming Linked to STI Risk
    The Nutshell Pubic Hair Grooming Linked to STI Risk

    Observational study suggests pubic hair grooming correlates with heightened risk of acquiring sexually transmitted infections, although causation remains unclear.

  3. Gut Microbes Linked to Neurodegenerative Disease
  4. Toward Treating Alzheimer’s Disease with Brain Waves
Rockland