News / USA

Obama: Time to Create the Energy Security Trust

VOA News
U.S. President Barack Obama says the only way to break the cycle of spiking gas prices is to "shift cars and trucks off of oil for good."

He said that is why he asked Congress in his State of the Union address to establish an Energy Security Trust to investigate new technologies for oil-free vehicles.

President Obama said in his weekly address Saturday that oil and gas revenues from public lands could supply the money for the research "without adding a dime" to the deficit.



Obama recorded his address near Chicago at the Argonne National Laboratory, which has conducted groundbreaking research on advanced car battery technology that reduces the need for oil and gas in vehicles.

In the Republican address, House of Representatives Budget Committee Chairman Paul Ryan, who was a candidate for vice president last year, said Republicans have a plan to balance the federal budget in 10 years by cutting spending and not raising taxes.

You May Like

Obama: Alaskans Feel Signs of Climate Change

They're seeing bigger storm surges as sea ice melts, more wildfires, erosion of glaciers, shorelines More

1855 Slave Brochure Starkly Details Sale of Black Americans

Document lists entire families that were up for sale in New Orleans, offering graphic insight into the slavery trade More

Katrina Brought Enduring Changes to New Orleans

The city’s recovery is the result of the people and culture the city is famous for, as well as newcomers and start-up industries More

This forum has been closed.
Comment Sorting
Comments
     
by: Davis K. Thanjan from: New York
March 18, 2013 7:56 PM
Even India has started production of battery operated cars without any financial assistance from the government. Why should government spend money to promote electric cars in the US? May be Obama has somebody in mind similar to Solindra. The government should stop all incentives and rebates provided to energy industries in the name of research, energy security and clean energy.

by: Kitagawa Keikoh from: Daikanyama, JPN
March 16, 2013 8:13 PM
I feel this address is one of the start of new era for electrical vehicles. The US will concentrate on development of electric cars and invest more money for them.
On the other hand, Japanese car makers still developing hybrid cars. That's because they are not car producers but they are car ENGINE producers on its basis. They can not thrown away their engine technologies and will disappear from car industries in the near future.

by: milan milenkovic from: usa,va
March 16, 2013 4:04 PM
US now imports some 20% of its energy needs, but will become nearly Self-sufficient around 2035 (Global energy NEEDS are forecast to increase by THIRD by 2035, with 60% of the additional demand coming from China, India and the Middle East). The most important goal for Clean Energy is USA FOREIGN oil independence !( in 2011. our dependance on foreign oil was 45%, for the first time in over decade). Other than that: to cut tax brakes for oil companies and to stop oil market fraud. As I know, IER said that North America ( US, Can, Mex.) have total recoverable resources at more than 1,7 trillion barrels of oil and 4,7 quadrillion of natural gas… My conclusion: “ SMART MIX” of CLEAN E ( solar, wind, natural gas, biomass, algae …) , energy STORAGE technology, and innovations like: Ocean Thermal Energy Conversion ( by Lockheed M.); Ocean power ( Columbia Power Technologies), Vorbeck/BMW lithium-air battery , E. coli switch grass biomass project ( by JBEI), Solar Space Farm… are the best options for our future.

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Colombians Flee Venezuela as Border Crisis Escalatesi
X
August 27, 2015 2:08 AM
Hundreds of Colombians have fled Venezuela since last week, amid an escalating border crisis between the two countries. Last week, Venezuelan President Nicolas Maduro ordered the closure of a key border crossing after smugglers injured three Venezuelan soldiers and a civilian. The president also ordered the deportation of Colombians who are in Venezuela illegally. Zlatica Hoke reports.
Video

Video Colombians Flee Venezuela as Border Crisis Escalates

Hundreds of Colombians have fled Venezuela since last week, amid an escalating border crisis between the two countries. Last week, Venezuelan President Nicolas Maduro ordered the closure of a key border crossing after smugglers injured three Venezuelan soldiers and a civilian. The president also ordered the deportation of Colombians who are in Venezuela illegally. Zlatica Hoke reports.
Video

Video Is China's Economic Data Accurate?

Some investors say China's wild stock market gyrations have been made worse by worries about the reliability of that nation's economic data. And some critics say the reports can mislead investors by painting an unrealistically-strong picture of the economy. A key China scholar says Beijing is not fudging ((manipulating)) the numbers, but that the economy is evolving quickly from smoke-stack industries to services, and the ways of tracking new economic activity are falling behind the change. V
Video

Video Next to Iran, Climate at Forefront of Obama Agenda

President Barack Obama this week announced new initiatives aimed at making it easier for Americans to access renewable energy sources such as solar and wind. Obama is not slowing down when it comes to pushing through climate change measures, an issue he says is the greatest threat to the country’s national security. VOA correspondent Aru Pande has more from the White House.
Video

Video Shipping Containers Provide Experimental Housing

Housing prices around the San Francisco Bay area are out of reach for many people, so some young entrepreneurs, artists and tech industry workers are creating their own houses using converted shipping containers. But as VOA's Mike O’Sullivan reports from Oakland, the effort requires ingenuity and dealing with restrictive local laws.
Video

Video Arctic Draws International Competition for Oil

A new geopolitical “Great Game” is underway in earth’s northernmost region, the Arctic, where Russia has claimed a large area for resource development and President Barack Obama recently approved Shell Oil Company’s test-drilling project in an area under U.S. control. Greg Flakus reports.
Video

Video Philippine Maritime Police: Chinese Fishermen a Threat to Country’s Security

China and the Philippines both claim maritime rights in the South China Sea.  That includes the right to fish in those waters. Jason Strother reports on how the Philippines is catching Chinese nationals it says are illegal poachers. He has the story from Palawan province.
Video

Video Technique May Eliminate Drill-and-Fill Dental Care

Many people dread visiting dentists because they're afraid of drills. Now, however, a technology developed by a British firm promises to eliminate the need for mechanical cleaning of dental cavities by speeding a natural process of tooth repair. VOA’s George Putic reports.
Video

Video China's Spratly Island Building Said to Light Up the Night 'Like A City'

Southeast Asian countries claim China has illegally seized territory in the Spratly islands. It is especially a concern for a Philippine mayor who says Beijing is occupying parts of his municipality. Jason Strother reports from the capital of Palawan province, Puerto Princesa.
Video

Video Ages-old Ice Reveals Secrets of Climate Change

Ice caps don't just exist at the world's poles. There are also tropical ice caps, and the largest sits atop the Peruvian Andes - but it is melting, quickly, and may be gone within the next 20 years. George Putic reports scientists are now rushing to take samples to get at the valuable information about climate change locked in the ice.
Video

Video French Experiment in Integrating Roma Under Threat

Plans to destroy France’s oldest slum have sparked an outcry on the part of its Roma residents. As Lisa Bryant reports from the Paris suburb of La Courneuve, rights groups argue the community is a fledgling experiment on integrating Roma who are often outcasts in many parts of Europe.
Video

Video Kenyans Turn to Agriculture for Business

Each year Kenyan universities continue to churn out graduates for the job market despite the already existing high rate of unemployment among youth in the country. Some of these young men and women have realized that agriculture can be as rewarding as any other business or job, and they are resorting to agribusiness in large numbers as a way of tackling unemployment. Rael Ombuor reports for VOA.
Video

Video First Women Graduate Elite Army Ranger School

Two women are making history for the U.S. Army by proving they are among the toughest of the tough. VOA's Carla Babb reports from Fort Benning, Georgia as 94 men and those two women rise as graduates of the difficult Ranger school.

VOA Blogs