Skip to main content
Advertising

Originally published Friday, March 15, 2013 at 5:58 AM

  • Share:
             
  • Comments (388)
  • Print

Obama: US should fund research for cleaner cars

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.

Associated Press

Most Popular Comments
Hide / Show comments
How about weaning public representation off of campaign contributions? MORE
This is just Obama using taxpayer money to pay off his crony capitalist campaign... MORE
We could generate a lot of power from all of Obama's hot air. MORE

advertising

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.

---

Online:

Obama address: www.whitehouse.gov

GOP address: www.youtube.com/HouseConference

News where, when and how you want it

Email Icon


Advertising