U.S. must shift cars and trucks off oil, Obama says


WASHINGTON – President Barack Obama says the U.S. must shift cars and trucks off oil for good so the public can avoid spikes in gasoline prices.

In his weekly radio and Internet address, Obama promotes a plan to direct $200 million a year into an energy security trust to fund research for alternatives like electric car batteries and biofuels. He says the trust would use revenues from federal leases on offshore drilling without adding to the deficit.

Obama says investing in clean energy will help create jobs. He’s envisioning cars that can one day go coast to coast without using any oil.

In the Republican address, House Budget Committee Chairman Paul Ryan of Wisconsin says Republicans have a plan to balance the federal budget in 10 years by cutting spending.

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U.S. must shift cars and trucks off oil, Obama says

  1. $200 million more for his eco-fraudster buddies.


    Meanwhile in the real world the marketplace does the real work, look for more LNG fueling stations at truck stops across the USA.

  2. Definitely a realist and a man more in tune with the times than the cowboys.

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