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 Miami Cubans Divided on New US Policy

While older, more conservative Cuban Americans have promoted anti-Castro political movement for years, younger generations say economically, it is time for change More

2014 Sees Dramatic Uptick in Boko Haram Abductions

Militants suspected in latest mass kidnapping of over 100 people in Gumsuri, Nigeria on Sunday More

Video Cuba Deal Is Major Victory for Pope

Role of Francis hailed throughout US, Latin America - though some Cuban-American Catholics have mixed feelings 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.
Sudan School Becomes Target of Aerial Attacksi
X
December 19, 2014 12:45 AM
The school dropout rate is at an all-time high in Sudan's South Kordofan state because many schools have been destroyed during the three-year civil war between the government and SPLA-N rebel forces. Adam Bailes visited Sudan's Nuba Mountains' region and reports many children are simply too scared to go to school
Video

Video Sudan School Becomes Target of Aerial Attacks

The school dropout rate is at an all-time high in Sudan's South Kordofan state because many schools have been destroyed during the three-year civil war between the government and SPLA-N rebel forces. Adam Bailes visited Sudan's Nuba Mountains' region and reports many children are simply too scared to go to school
Video

Video VOA Reporter Tours Devastated Peshawar School

Islamist militants wearing military uniforms and strapped with explosives attacked a military run school Tuesday in the northwestern Pakistani city of Peshawar. At least 141 people were killed in the horrific attack, most of them young students. VOA reporter Ayaz Gul visited the devastated school and attended the funeral of the principal who courageously tried to save her students from the deadly attack.
Video

Video Nigerians Fleeing Boko Haram Languish in Camp Near Capital

In its five-year effort to impose Islamic law in northeastern Nigeria, the Boko Haram extremist group has killed thousands of people and forced hundreds of thousands to flee. Some of those who ran for their lives now live in squalor on the edges of the capital, Abuja. Chris Stein reports for VOA.
Video

Video Putin Says Russian Economy Will Emerge Stronger

Russian President Vladimir Putin has said his country's sinking economy will not only recover but also become stronger, despite falling oil prices and Western sanctions over Ukraine. VOA's Daniel Schearf reports.
Video

Video Detained Turkish Journalists Follow Teachings of US-Based Preacher

The Turkish government’s jailing of critical journalists has sparked international condemnation and is being seen as an effort to undermine the followers of an ailing Turkish preacher based in the United States. VOA religion reporter Jerome Socolovsky has more.
Video

Video ‘Anti-Islamization’ Marches Increase Tensions In Germany

Anti-immigrant rallies in Germany have been building in recent weeks, peaking Monday night in the city of Dresden where tens of thousands of people turned out to demonstrate against what they call the ‘Islamization’ of the West. Germany has offered asylum to more Syrian refugees than any other country, and this appears to have set off the protests. Henry Ridgwell reports from London.
Video

Video Aceh Rebuilt Decade After Tsunami, But Scars Remain

On December 26, 2004 there was an earthquake in the Indian Ocean so powerful it caused the Earth’s axis to wobble a few centimeters. Onshore on the island of Sumatra, the resulting tsunami was devastating. A decade later, VOA Correspondent Steve Herman reports from Banda Aceh, Indonesia, where although there is little remaining evidence of the physical devastation, the psychological scars among survivors remain.
Video

Video Refugees Living in Kenya Long for Peace in the Home Countries

Kenya is host to numerous refugees seeking safe haven from conflict. Immigrants from Somalia face challenges in their new lives in Kenya. Ahead of International Migrants Day (December 18) Lenny Ruvaga has more for VOA News from the Kenyan capital.

All About America

AppleAndroid