News / USA

Obama Promotes Plan to Fight Rising Fuel Prices

President Barack Obama walks to board Air Force One en route to Miami, at Andrews Air Force Base, Maryland, February 23, 2012.
President Barack Obama walks to board Air Force One en route to Miami, at Andrews Air Force Base, Maryland, February 23, 2012.
Kent Klein

As Americans worry about rising gasoline prices, President Barack Obama is defending his energy policy. The president went on the road Thursday to answer Republican election-year criticism that he is not doing enough to solve the problem.

Higher prices at the gasoline pump are making Americans nervous, and White House officials are concerned about the possible effects fuel prices might have on President Obama’s reelection campaign.

The president visited the University of Miami in Florida on Thursday to discuss the problem and his administration’s long-term plan to reduce U.S. dependence on foreign oil.

Obama told students that the price increases are mostly a result of events in other parts of the world.

“Oil is bought and sold in a world market.  And just like last year, the single biggest thing that is causing the price of oil to spike right now is instability in the Middle East, this time around Iran,” Obama said.

Jeff Mower, editor-in-chief of the New York-based Pratts Oilgram Price Report, agrees that the rise in U.S. gasoline prices is due largely to factors beyond America’s shores.

“Tensions surrounding Iran right now, problems over in Sudan, which is shutting crude production - all of this has helped to drive up the price of Brent crude and also gasoline prices,” Mower said.

Mower also says that lower profit margins have led oil companies to close some refineries outside of the United States, which is also driving up prices.

Opposition Republicans say that Obama is not doing enough to encourage domestic oil production.  At Wednesday’s Republican contender presidential debate, Newt Gingrich said increased drilling would lead to dramatically lower gasoline prices.

“If we would open up federal land and open up offshore, you would have $16-18 trillion - not billion-trillion - in royalties to the federal government in the next generation - an enormous flow, which would drive down prices to $2.50 a gallon, would help [U.S. federal] balance the budget and would create millions of jobs,”  Gingrich said.

Republicans have also criticized the president for postponing a decision on approving the Keystone Pipeline project, which would carry oil from Canada to U.S. refineries.

In Miami on Thursday, Obama ridiculed Republican criticism.  He said his administration has approved an unprecedented amount of domestic oil and gas production.  But, he said, more drilling alone would not solve the problem.

“It means that anybody who tells you that we can drill our way out of this problem does not know what they are talking about or just is not telling you the truth,” Obama said

The president again called for support for his comprehensive strategy to reduce America’s dependence on foreign oil.

“If we are going to avoid being at the mercy of these world events, we have got to have a sustained, all-of-the-above strategy that develops every available source of American energy.  Yes, oil and gas - but also wind and solar and nuclear and biofuels and more," he said.

Gasoline prices in the United States have reached an average of more than 92 cents per liter.  More than half of the Americans surveyed in a new public opinion poll say that price could exceed $1.32 this year.

Analysts say Florida, the nation's fourth-most populous state, will be a key battle ground in November's presidential election.  After his speech in Miami, Mr. Obama held several campaign fundraising events in Florida.

You May Like

Photogallery Americans Celebrate Thanksgiving With Feasts, Festivities

Holiday traditions include turkey dinners, 'turkey trots,' American-style football and New York parade with giant balloons More

Video For Obama, Ferguson Violence is a Personal Issue

With two years left in term, analysts say, president has less to lose by taking conversation on race further More

Video Italian Espresso Expands Into Space

When Italian astronaut Samantha Cristoforetti headed for the ISS, her countrymen worried how she would survive six months drinking only instant coffee More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
South Africa Sees Male Circumcision as Way to Reduce HIV Infectionsi
X
November 28, 2014 3:31 PM
South Africa remains plagued by AIDS despite massive government and NGO efforts on prevention and life-sustaining Anti-Retro-Viral programs. But the country has opened up another front to reduce new HIV infections: promoting circumcision. Emilie Iob reports for VOA News from a pioneering circumcision center in Orange Farm, Johannesburg.
Video

Video South Africa Sees Male Circumcision as Way to Reduce HIV Infections

South Africa remains plagued by AIDS despite massive government and NGO efforts on prevention and life-sustaining Anti-Retro-Viral programs. But the country has opened up another front to reduce new HIV infections: promoting circumcision. Emilie Iob reports for VOA News from a pioneering circumcision center in Orange Farm, Johannesburg.
Video

Video To Make A Living, Nairobi Street Vendors Face Legal Hurdles, Physical Violence

The Nairobi City Council has been accused of brutality in dealing with hawkers in the Central Business District - in order to stop them from illegally selling their wares on the streets. Lenny Ruvaga has more for VOA News from the Kenyan capital.
Video

Video For Obama, Ferguson Violence is a Personal Issue

Throughout the crisis in Ferguson, Missouri, President Barack Obama has urged calm, restraint and respect for the rule of law. But the events in Ferguson have prompted him to call — more openly than he has before — for profound changes to end the racism and distrust that he believes still exists between whites and blacks in the United States. VOA White House correspondent Luis Ramirez reports.
Video

Video Online Magazine Gets Kids Discussing Big Questions

Teen culture in America is often criticized for being superficial. But an online magazine has been encouraging some teenagers to explore deeper issues, and rewarding their efforts. VOA religion reporter Jerome Socolovsky went to this year’s Kidspirit awards ceremony in New York.
Video

Video US Community Kicks Off Thanksgiving With Parade

Thursday is Thanksgiving in the United States, a holiday whose roots go back to the country's earliest days as a British colony. One way Americans celebrate the occasion is with parades. Anush Avetisyan takes us to one such event on the day before Thanksgiving near Washington, where a community's diversity is on display. Joy Wagner narrates
Video

Video Aung San Suu Kyi: Myanmar Opposition to Keep Pushing for Constitutional Change

Myanmar opposition leader Aung San Suu Kyi says she and her supporters will continue pushing to amend a constitutional clause that bars her from running for president next year. VOA's Than Lwin Htun reports from the capital Naypyitaw in this report narrated by Colin Lovett.
Video

Video Mali Attempts to Shut Down Ebola Transmission Chain

Senegal and Nigeria were able to stop small Ebola outbreaks by closely monitoring those who had contact with the sick person and quickly isolating anyone with symptoms. Mali is now scrambling to do the same. VOA’s Anne Look reports from Mali on what the country is doing to shut down the chain of transmission.
Video

Video Ukraine Marks Anniversary of Deadly 1930s Famine

During a commemoration for millions who died of starvation in Ukraine in the early 1930s, President Petro Poroshenko lashed out at Soviet-era totalitarianism for causing the deaths and accused today’s Russian-backed rebels in the east of using similar tactics. VOA’s Daniel Shearf reports from Kyiv.
Video

Video Hong Kong Protests at a Crossroads

New public opinion polls in Hong Kong indicate declining support for pro-democracy demonstrations after weeks of street protests. VOA’s Bill Ide in Guangzhou and Pros Laput in Hong Kong spoke with protesters and observers about whether demonstrators have been too aggressive in pushing for change.
Video

Video US Immigration Relief Imminent for Mixed-Status Families

Tens of thousands of undocumented immigrants in the Washington, D.C., area may benefit from a controversial presidential order announced this week. It's not a path to citizenship, as some activists hoped. But it will allow more immigrants who arrived as children or who have citizen children, to avoid deportation and work legally. VOA's Victoria Macchi talks with one young man who benefited from an earlier presidential order, and whose parents may now benefit after years of living in fear.
Video

Video New Skateboard Defies Gravity

A futuristic dream only a couple of decades ago, the hoverboard – a skateboard that floats above the ground - has finally been made possible. While still not ready for mass production, it promises to become a cool mode of transport... at least over some surfaces. VOA’s George Putic reports.
Video

Video Falling Gas Prices Impact US Oil Extraction

With the price of oil now less than $80 a barrel, motorists throughout the United States are benefiting from gas prices below $3 a gallon. But as VOA’s Kane Farabaugh reports, the decreasing price of petroleum has a downside for the hydraulic fracturing industry in the United States.

All About America

AppleAndroid