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Obama Seeks $2B For Clean-Fuels Research

ARGONNE, Ill., (UPI) — U.S. President Obama will propose using $2 billion in revenue from oil and gas leases to pay for research on energy-efficient vehicles, the White House said.

Obama was to present his proposition Friday in a visit to the Argonne National Laboratory near Chicago to tour the facility and promote the concept he first spoke of during his State of the Union in February, The New York Times reported.

Obama wants researchers to find new sources of energy-efficient power for automobiles, trucks and other vehicles.

The idea has some bipartisan and business support, but likely will encounter resistance from congressional Republicans, who will call it a tax on energy producers, observers said.

The White House said the proposal isn’t a new tax, explaining that the money would come from growth in drilling revenue from leases on public lands and waters during the next decade, the Times said.

Obama’s proposal, the Energy Security Trust, is part of his “all-of-the-above” energy strategy that includes an increase in oil and gas development; support for clean sources such as wind, solar and geothermal energy; loan guarantees for new nuclear plants; and research into long-term alternatives to fossil fuels, White House officials said during a telephone briefing Thursday.

“In the State of the Union, he asked what can we do to make America a magnet for the jobs of future,” one official said during the briefing. “One key answer is to ensure that the United States is and remains at the cutting edge of breakthrough technologies that will get our economy off oil.”

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  • Mike in MI

    Lies, lies, lies and more contaminated, blattering exhaust escaping at both ends of this dessicated escapee from a serpentarium.
    In order to make the advances to get to the new technology he says he wants to see be developed we absolutely must be able to utilize what we have and keep the system functioning to get there.
    So what does he do? Grabs the technology we presently have by the neck and throttles it til it’s blue in the face and then kicks it for not producing.
    He is absolutely as stupid as Lenin, Trotsky and Stalin who decided they were going to build a whole new kind of society from the bottom up. But, they decided every manner of reactionary bourguosie engineers, skilled-tradesmen, retailers, professionals, doctors, lawyers, nurses, clerics, all manner of supervisors, governors, administrators, managers, and anybody who did anything that held society together needed to be eliminated FIRST. So, they had them all killed, sent to the gulags or “re-educated”. Everyone with any skill, specialized knowledge or useful ability (or who got in the way) was annihilated.
    So, having accomplished that there were none left but the elites at the top of this new progressive order (unwise butt-bumpers) and peasants who knew how to hold out their hands and take (or, now, throw dirt into mass graves) – and with such sterling stalwarts nothing of the new society could proceed.

    That good people is our president, Obama and friends. Wait and see.

    Or, learn the Word of God the best you can and stand for Him. The Word is the ONLY thing they fear, cause they can’t beat God.

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