WASHINGTON, DC—In his weekly address, President Obama discussed progress in American energy and highlighted that we are now producing more oil at home than we buy from other countries for the first time in nearly two decades. We reached this milestone in part not only because we’re producing more energy, but because we’re wasting less energy, and as a result, we are also reducing our carbon emissions while growing the economy.
Showing posts with label energy independence. Show all posts
Showing posts with label energy independence. Show all posts
Saturday, November 16, 2013
Saturday, April 30, 2011
President Obama's Weekly Address 4/30/11: Ending Taxpayer Subsidies for Oil Companies
WASHINGTON – As oil and gas companies make tens of billions in profits and the government scours the budget for savings, President Obama called on Congress to stop handing them $4 billion annually in taxpayer subsidies. America’s oil production last year reached its highest level since 2003, but we need to invest in the energy of the future, instead of subsidizing the energy of the past.
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