Entries in Fuel (3)


Gingrich Calls Obama’s Embrace of Algae Energy ‘Weird’

Richard Ellis/Getty Images(FEDERAL WAY, Wash.) -- Newt Gingrich has been hitting Obama’s energy speech since the president delivered it Thursday, calling the speech funny enough to be on SNL and “something worthy of Leno or Letterman.”

Gingrich’s biggest talking point about Obama’s speech attacks the president for his embrace of investments in biofuels such as those made from algae.

He is referring to a point in Obama’s speech when the president said, “We’re making new investments in the development of gasoline, diesel, and jet fuel that’s actually made from a plant-like substance known as algae.”

“Believe it or not, we could replace up to 17 percent of the oil we import for transportation with this fuel that we can grow right here in America,” Obama said.

On Thursday night, Gingrich mocked the president’s speech in front of an Idaho crowd, by suggesting that he should take a bottle of algae with him and “go around and we can have the Obama solution.”

“And maybe what we ought to do at is we ought to get t-shirts that say, ‘You choose.’  Gingrich went on to suggest the slogans, ‘You have Newt: Drill here, Drill Now, Pay Less. You have Obama: Have Algae, Pay More, Be Weird.”

Gingrich himself has taken a lot of flack on the campaign trail this year for presenting ideas that the other candidates have called “grandiose” and “zany.”

In particular, at a speech in Florida, Gingrich presented his idea for a colony in space.  ”By the end of my second term, we will have the first permanent base on the Moon and it will be American,” Gingrich said in January. (Gingrich’s space idea actually was parodied on SNL in February.)

While Gingrich said a base on the moon would only take 9 years -- and could be done by the end of his second term, Friday he said the concept of algae biofuel that Obama presented could take years longer.

“It’s a terrific concept, and I think in 20, 30, 40 years it will be at scale, maybe,” Gingrich said.

Gingrich said that while he is a “big fan” of science, Obama’s biofuels endeavor could be like the bankrupt Solyndra project. “You know the President had this magnificent solar power investment and took 500 something-million of your money, [he] visited the plant because it was the plant of the future,” Gingrich said. “I suspect in the next few weeks we’ll see him at some algae plant.”

Copyright 2012 ABC News Radio


Obama Announcing New Fuel Efficiency Standards for Trucks, Buses

JIM WATSON/AFP/Getty Images(WASHINGTON) -- Following Wall Street’s nosedive on Monday, President Obama will shift his focus Tuesday morning to new fuel efficiency standards, a measure he believes will help boost economic growth.

The president will hold a closed-off meeting at the White House with industry officials to discuss the first of their kind fuel efficiency standards for work trucks, buses and heavy-duty vehicles.  The announcement builds on the new fuel efficiency standards for automakers that the president unveiled last month.

Obama will outline new fuel consumption standards for three vehicle categories, which the administration claims will save a projected 530 million barrels of oil and $50 billion in fuel costs for consumers as well as reduce greenhouse gas emissions.

By 2018, big rigs and semi trucks will be required to achieve up to 23 percent in fuel reduction and green house gas emissions; heavy duty pick-up trucks and vans a 10 percent reduction in fuel consumption; delivery trucks, buses and garbage trucks will need to show a 9 percent reduction in fuel consumption.

Later in the day, the president will meet privately with embattled Treasury Secretary Tim Geithner at the White House.

Copyright 2011 ABC News Radio


Obama on Energy: 'Can't Hit the Snooze Button'

MANDEL NGAN/AFP/Getty Images(WASHINGTON) -- Noting that the situation in the Middle East and in Japan has led to questions about the nation’s energy sources and security, President Obama went to Georgetown University on Wednesday to outline a broad energy plan for the nation. Many of the proposals were not new, but the president came with a few fresh initiatives – and a healthy dose of pushback to Republicans who say that his administration is to blame for rising gas prices.

“Any claim that my administration is responsible for gas prices because we've, quote/unquote, ‘shut down’ oil production -- any claim like that is simply untrue,” the president said.

Obama said that he will encourage offshore oil exploration and production as a way to reduce the nation’s reliance on imports, as long as it’s safe and responsible, something he said he learned from the oil disaster in the Gulf just under one year ago.

He added that the administration is “pushing” the oil industry to take advantage of the” tens of millions” of acres of leases where they’re not producing, by providing better incentives to promote “responsible development.”

The president noted that a long line of presidents before him have promised the same things --mentioning the politics of the moment that tends to takeover when gas prices rise.

“It was just three years ago that gas prices topped $4 a gallon. I remember because I was in the middle of a presidential campaign,” the president said. “Because we were at the height of political season, you had all kinds of slogans and gimmicks and outraged politicians. They were waving their three-point plans for $2 a gallon gas. You remember that, ‘drill, baby, drill,’ and we were going through all that. And none of it was really going to do anything to solve the problem. There was a lot of hue and cry, a lot of fulminating and hand-wringing, but nothing actually happened. Imagine that in Washington.”

The president said that none of the “gimmicks” made a difference amid “the same political gridlock,” that has held the country back for decades. That, he said, needs to change.

“We go back to the same things we've been doing until the next time there's a price spike, and then we're shocked again. We can't rush to propose action when gas prices are high and then hit the snooze button when they fall again.”

The president announced a new goal -- one that he says is “achievable, and one that is necessary,” of reducing America’s importation of oil by one-third over the next decade. President Obama said that cutting the nation’s dependence on foreign oil largely depends on finding and producing more oil at home, and reducing overall dependence with cleaner alternative fuels and greater efficiency.

The president said the federal government must lead by example -- and announced that he’s directed agencies to purchase 100 percent alternative fuel, hybrid or electric vehicles by 2015.

Copyright 2011 ABC News Radio

ABC News Radio