President Obama's Weekly Address 3/17/12 : Ending Subsidies for Big Oil Companies

WASHINGTON, DC— In this week’s address, President Obama called on all Americans to place their bets on America’s future as we reduce our dependence on foreign oil by expanding domestic oil and gas production, increasing the efficiency of the vehicles we drive, and investing in advanced technologies and alternative fuels. While there is no quick fix for the problem of high gas prices, the President has taken steps to save families money at the pump, including signing Wall Street reforms to stop traders from unfairly manipulating the energy market, and establishing historic fuel economy standards that will nearly double the efficiency of the vehicles we drive, saving families $1.7 trillion at the pump and reducing oil consumption by 12 billion barrels. We are also producing more oil at home than at any time in the last eight years, but with only 2% of the world’s proven oil reserves, drilling alone is not a solution. We must have an all-of-the-above energy strategy that invests in new technologies and ends the $4 billion in annual subsidies to oil companies that are earning historic profits. If you believe Congress should end these oil company subsidies once and for all, tell your elected officials that it’s time to put middle class families first, not the big oil companies.

 

President Obama's Weekly Adress 3/10/12: Investing in a Clean Energy Future

WASHINGTON, DC— In his weekly address, President Obama spoke to the American people from a factory in Petersburg, Virginia about the growing trend of companies creating more jobs in the United States, and also making better products than ever before.  The new technologies they are developing are playing an important role in reducing our dependence on foreign oil and saving families money at the pump. Under the Obama Administration, domestic oil and gas production is up, and we are currently producing more oil at home than any time in the last eight years, but with only 2% of the world’s oil reserves, we can’t just drill our way to lower gas prices.  We need an all-of-the-above strategy that focuses on American-made energy, as well as increasing the fuel efficiency of the cars we drive, saving families money and dramatically reducing our reliance on foreign oil. The President also called on Congress to end the $4 billion in subsidies to oil companies each year so that we can invest in clean energy technologies.  There is no silver bullet to solve high gas prices, but together we can work to overcome our energy challenges as we create new American jobs.

President Obama's Weekly Address 3/3/12: Taking Control of Our Energy Future

WASHINGTON, DC—In this week’s address, President Obama told the American people that three years after helping the auto industry save more than one million jobs, the American auto industry is back and creating cars that are even better than before. The entire industry has added more than 200,000 jobs in the past two and a half years, and thanks to the Administration’s new fuel efficiency standards, these companies are making cars that will save families money at the pump and help reduce our reliance on foreign oil. While this will help, there is no silver bullet for solving the problem of higher gas prices, and Americans understand that with only 2% of the world’s oil reserves, we cannot simply drill our way to lower gas prices. Under President Obama, our use of clean, renewable energy has nearly doubled, but we must also end the $4 billion in tax breaks that oil companies receive each year while collecting record profits. The President asks everyone to tell their elected officials to stop this corporate welfare and fight for a clean energy future that is within our reach.