News / USA

Obama: Time to Create the Energy Security Trust

TEXT SIZE - +
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

'Exceptionally Lucky' US Boy Survives Flight in Wheel Well

The boy was unconscious for most of the flight, and appeared to be unharmed after enduring the extremely cold temperatures and lack of oxygen More

US Anti-Corruption Law Snags Major Tech Company

The Foreign Corrupt Practices Act was signed into law by President Jimmy Carter in December, 1977 More

Cameron Criticized for Calling UK 'Christian Country'

Letter from scientists, academics and writers says the prime minister is fostering division by repeatedly referring to England as a 'Christian country' 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.
Ukraine, Russia, United in Faith, Divided in Politicsi
X
Michael Eckels
April 19, 2014
There is a strong historical religious connection between Russia and Ukraine. But what role is religion playing in the current conflict? In the run-up to Easter, Michael Eckels in Moscow reports for VOA.
Video

Video Ukraine, Russia, United in Faith, Divided in Politics

There is a strong historical religious connection between Russia and Ukraine. But what role is religion playing in the current conflict? In the run-up to Easter, Michael Eckels in Moscow reports for VOA.
Video

Video Face of American Farmer is Changing

The average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population. It’s a troubling trend signaling big changes ahead for American agriculture as aging farmers retire. Reporter Mike Osborne says a new report from the U.S. Census Bureau is suggesting what some of those changes might look like... and why they might not be so troubling.
Video

Video Donetsk Governor: Ukraine Military Assault 'Delicate But Necessary'

Around a dozen state buildings in eastern Ukraine remain in the hands of pro-Russian protesters who are demanding a referendum on self-rule. The governor of the whole Donetsk region is among those forced out by the protesters. He spoke to VOA's Henry Ridgwell from his temporary new office in Donetsk city.
Video

Video Drones May Soon Send Data From High Seas

Drones are usually associated with unmanned flying vehicles, but autonomous watercraft are also becoming useful tools for jobs ranging from scientific exploration to law enforcement to searching for a missing airliner in the Indian Ocean. VOA’s George Putic reports on sea-faring drones.
Video

Video New Earth-Size Planet Found

Not too big, not too small. Not too hot, not too cold. A newly discovered planet looks just right for life as we know it, according to an international group of astronomers. VOA’s Steve Baragona has more.
Video

Video Copts in Diaspora Worry About Future in Egypt

Around 10 percent of Egypt’s population belong to the Coptic faith, making them the largest Christian minority in the Middle East. But they have become targets of violence since the revolution three years ago. With elections scheduled for May and the struggle between the Egyptian military and Islamists continuing, many Copts abroad are deeply worried about the future of their ancient church. VOA religion correspondent Jerome Socolovsky visited a Coptic church outside Washington DC.
Video

Video Critics Say Venezuelan Protests Test Limits of Military's Support

During the two months of deadly anti-government protests that have rocked the oil-rich nation of Venezuela, President Nicolas Maduro has accused the opposition of trying to initiate a coup. Though a small number of military officers have been arrested for allegedly plotting against the government, VOA’s Brian Padden reports the leadership of the armed forces continues to support the president, at least for now.
Video

Video More Millenials Unplug to Embrace Board Games

A big new trend in the U.S. toy industry has more consumers switching off their high-tech gadgets to play with classic toys, like board games. This is especially true among the so-called millenial generation - those born in the 1980's and 90's. Elizabeth Lee has more from an unusual café in Los Angeles, where the new trend is popular and business is booming.
Video

Video Google Buys Drone Company

In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
AppleAndroid