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 2/25/12: An All-Of-The-Above Approach to American Energy

WASHINGTON, DC—In this week’s address, President Obama spoke to the American people about the importance of taking an all-of-the-above approach to addressing our nation’s energy challenges. With only 2% of the world’s oil reserves, we cannot simply drill our way to lower gas prices, as some in Washington have suggested. Americans understand that we must have a long-term strategy that uses every available source of energy—including oil, gas, wind, solar, nuclear, biofuels, and more. We also cannot fail to recognize the important role that increasing the efficiency of our cars and trucks can play in both reducing our dependence on oil and saving consumers money at the pump. Finally, at a time when oil companies are making record profits and American families are paying record prices, we must end, once and for all, the $4 billion a year in tax breaks oil companies receive. There are no quick fixes to this problem, but together we can make a serious effort to overcome our energy challenges and help create American jobs.

Congressman Pallone to Discuss Lowering Gas Prices and Reducing American Dependence on Foreign Oil at EOS Energy Storage in Edison, NJ

Edison, NJ -- Congressman Frank Pallone, Jr. (D-NJ) will visit the EOS Energy Storage facility on Monday, February 27, 2012, to discuss his support for an “all-of-the-above” approach to American energy production and protecting consumers from rising gas prices at the pump.

Gas prices have reached an average of $3.52 a gallon in New Jersey as a result, in part, of speculative trading on Wall Street. Congressman Pallone will call for further investments in domestic energy sources and new energy technologies to reduce dependence on foreign oil and lower gas prices.

 Congressman Pallone will also highlight the importance of innovative companies like EOS Energy Storage in reducing demand for foreign oil and creating American jobs. EOS develops lost-cost batteries for electric vehicles.  Cars with EOS batteries have the same costs and range as gasoline vehicles with 1/10th the fuel cost. 

President Obama's Weekly Address 5/14/11: Expanding Responsible Oil Production in America

As part of his long-term plan to reduce our reliance on foreign oil, President Obama lays out his strategy to continue expanding safe and responsible domestic oil production.

President Obama's Weekly Address 4/2/11: Gas Prices & Energy Security

WASHINGTON – In his weekly address, President Obama discussed his strategy to reduce our dependence on foreign oil and secure our nation’s energy future. When the President was elected, America imported eleven million barrels of oil a day. This week he announced a bold, but achievable goal of cutting this number by one-third by 2025.

To achieve this goal we will increase responsible domestic oil and gas development in the short term, while also increasing efficiency and harnessing new technologies including biofuels, natural gas, and advanced batteries. And through the Clean Fleets Partnership, large companies, such as UPS, FedEx, AT&T, Verizon, and PepsiCo, will help boost the market for clean fuels by switching their fleets over to electric and alternative vehicles.