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

Video China Investigates Powerful Former Security Chief

Analysts say move by President Xi is an effort to win more party support, take step toward economic reforms, removing those who would stand in way of change More

South Africa Land Reforms Still Contentious 20 Years Later

Activists argue that the pace of land reform is slow and biased; legal experts question how some proposed reforms would be implemented More

In Vietnam, Religious Freedoms Violated, UN Finds

Beliefs reportedly prompt heavy surveillance, intimidation and travel restrictions 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.
Information War Rages Alongside Real One in Ukrainei
X
Al Pessin
July 31, 2014 8:13 PM
The downing of the Malaysian airliner two weeks ago, and allegations that Russians are shelling Ukrainian troops across the border, have moved the information war swirling around the Ukrainian conflict to a new level. VOA's Al Pessin reports from Kyiv.
Video

Video Information War Rages Alongside Real One in Ukraine

The downing of the Malaysian airliner two weeks ago, and allegations that Russians are shelling Ukrainian troops across the border, have moved the information war swirling around the Ukrainian conflict to a new level. VOA's Al Pessin reports from Kyiv.
Video

Video When Fighting Eases, Gazans Line Up at Bakeries

When there is a lull in the conflict in Gaza, residents who have been hunkered down in their apartments rush out to stock up on food and other necessities. Probably the most important destination is the local bakery. VOA’s Scott Bobb reports from Gaza City.
Video

Video US-Funded Program Offers Honduran Children Alternative to Illegal Immigration

President Obama and Central American leaders recently agreed to come up with a plan to address poverty and crime in the region that is fueling the surge of young migrants trying to illegally enter the United States. VOA’s Brian Padden looks at one such program in Honduras - funded in part by the United States - which gives street kids not only food and safety but a chance for a better life without, crossing the border.
Video

Video 'Fab Lab' Igniting Revolution in Kenya

The University of Nairobi’s Science and Technology Park is banking on 3-D prototyping to spark a manufacturing revolution in the country. Lenny Ruvaga has more for from Nairobi's so-called “FabLab” for VOA.
Video

Video Gazans in Shelled School Sought Shelter

Israel's air and ground assault against Hamas-led fighters in Gaza has forced many Palestinians to flee their homes, seeking safety. But safe places are hard to find, as VOA’s Scott Bobb reports from Jabaliya.
Video

Video Rapid Spread of Ebola in West Africa Prompts Global Alert

Across West Africa, health officials are struggling to keep up with what the World Health Organization describes as the worst ebola outbreak on record. The virus has killed hundreds of people this year. U.S. President Barack Obama and other world leaders are watching the developments closely as they weigh what actions, if any, are needed to help contain the disease.
Video

Video Michelle Obama: Young Africans Need to Embrace Women's Rights

U.S. first lady Michelle Obama urged some of Africa's best and brightest to advocate for women's rights in their home countries. As VOA's Pam Dockins explains, Obama spoke to some 500 participants of the Young African Leaders Initiative, a six-week U.S.-based training and development program.
Video

Video Immigrant Influx on Texas Border Heats Up Political Debate

Immigrants from Central America continue to cross the U.S.-Mexico border in south Texas, seeking asylum in the United States, as officials grapple with ways to deal with the problem and provide shelter for thousands of minors among the illegal border crossers. As VOA's Greg Flakus reports from Houston, the issue is complicated by internal U.S. politics and U.S. relations with the troubled nations that immigrants are fleeing.
Video

Video Study: Latino Students Most Segregated in California

Even though legal school segregation ended in the United States 60 years ago, one study finds segregation still occurs in the U.S. based on income and race. The University of California Los Angeles Civil Rights Project finds that students in California are more segregated by race than ever before, especially Latinos. Elizabeth Lee reports for VOA from Los Angeles.

AppleAndroid