Entries in Gasoline Prices (2)


President Obama's Weekly Address: No Shortcut To Taking Control of Our Energy Future

Official White House Photo by Pete Souza(WASHINGTON) -- 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 he says are more fuel efficient than ever. 

But he also stresses how the American people must also end the $4 billion in tax breaks that he says oil companies receive each year. 

Full transcript as follows:

"Hi, everybody.  Earlier this week, I spent some time with the hardworking men and women of the American auto industry, who are busy writing a new chapter in America’s story.  

"Just a few years ago, their industry was shedding hundreds of thousands of jobs.  Two of the Big Three – GM and Chrysler – were on the brink of failure.  If we had let this great American industry collapse – if we had let Detroit go bankrupt – more than one million Americans would have lost their jobs in the middle of the worst recession since the Great Depression.

"I refused to let that happen.  These jobs are worth more than just a paycheck – they’re a source of pride and a ticket to the middle class.  These companies are worth more than just the cars they build – they’re a symbol of American innovation and a source of our manufacturing might.

"So in exchange for help, we demanded responsibility.  We got the companies to retool and restructure.  Everyone sacrificed.  And three years later, the American auto industry is back.
Today, GM is the number one automaker in the world.  Chrysler is growing faster in America than any other car company.  Ford is investing billions in American plants and factories, and plans to bring thousands of jobs back home.  All told, the entire industry has added more than 200,000 new jobs over the past two and a half years.

"And they’re not just building cars again – they’re building better cars.  Thanks to new fuel efficiency standards we put in place, they’re building cars that will average nearly 55 miles per gallon by the middle of the next decade.  That’s almost double what they get today.  That means folks will be able to fill up every two weeks instead of every week, saving the typical family more than $8,000 at the pump over time.  That’s a big deal, especially as families are yet again feeling the pinch from rising gas prices.

"So what’s happening in Detroit will make a difference.  But it won’t solve everything.  There’s no silver bullet for avoiding spikes in gas prices every year.  There’s no shortcut to taking control of our energy future.  We have to pursue an all-of-the-above strategy that helps develop every source of American energy.  And we have to do it now.

"The good news is, we’ve been making progress.  Take a look at this chart.  Six years ago, 60% of the oil we used was imported.  Since I took office, America’s dependence on foreign oil has decreased every single year.  In fact, in 2010, for the first time in thirteen years, less than half the petroleum we consumed was imported.  Part of that is because we’re producing more oil here at home than at any time in the last eight years.  

"But we can’t just drill our way out of this problem.   While we consume 20 percent of the world’s oil, we only have 2 percent of the world’s oil reserves.  We’ve got to develop new technology that will help us use new forms of energy.  That’s been a priority of mine as President.  And because of the investments we’ve made, our use of clean, renewable energy has nearly doubled – and thousands of Americans have jobs because of it.

"Now we need to keep at it.  And to do that, we need to make the right choices.  

"Here’s one we can make right now.  Every year, $4 billion of your tax dollars go to subsidizing the oil industry.  These are the same companies making record profits – tens of billions of dollars a year.  I don’t think oil companies need more corporate welfare.  Congress should end this taxpayer giveaway.  If you agree with me, I’m asking you to e-mail, call, or Tweet your representative.  Tell them to stop fighting for oil companies.  Tell them to start fighting for working families.  Tell them to fight for the clean energy future that’s within our reach.  Because the sooner we all get started, the sooner we’ll get there together.  Thanks and have a great weekend."


GOP Address: House Natural Resources Chairman Doc Hastings on Jobs & Gas Prices

US House of Representatives(WASHINGTON) -- In this week's Republican Address, House Natural Resources Committee Chairman Doc Hastings (R-WA) highlights Republican efforts to help create jobs and address rising gas prices.  This is the latest step in a coordinated campaign to highlight Republicans’ ‘all-of-the-above’ energy policy and to hold Washington Democrats accountable for policies that have contributed to higher gas prices.  

Full transcript as follows:

“As you’ve painfully noticed, gas prices are rising quickly, already topping four dollars a gallon in some areas.  On average, prices at the pump are more than double what they were when President Obama took office.

“Americans are right to worry that no relief is in sight.  The president, who campaigned on a promise to address rising gas prices, now talks as if they’re largely beyond his control.  This week, when the president’s Energy Secretary was asked whether the administration’s goal is to lower gas prices, the secretary’s answer was ‘no.’   Incredibly, one Democrat leader in the Senate actually suggested we push Saudi Arabia to produce more oil, thereby increasing our dependence on the Middle East.

"Like you, Republicans take this issue seriously, because high gas prices hurt us all, and not just at the pump.  Local governments are forced to make cutbacks to police patrols and other essential services.  Schools run fewer buses.  The cost of groceries go up.  The cost of running a business goes up, and that means less to invest in hiring new workers.   Rising gas prices are a huge drain on our economy, plain and simple.

“As part of our Plan for America’s Job Creators, Republicans continue to pursue an ‘all-of-the-above’ approach that utilizes the natural resources we have right here at home.  When we responsibly develop these resources, we don’t just address rising energy costs – we also help create good-paying jobs and improve our energy security, right now and over the long term.   This common-sense approach enjoys bipartisan support, and has been endorsed by the president’s own jobs council.

“Though the president now claims to support ‘all-of-the-above,’ he has consistently blocked American energy production, most recently by rejecting the Keystone XL pipeline.  In addition to that, he has restricted drilling in offshore areas while encouraging other countries, including Brazil, to expand their own exploration.  And while the president says oil production alone can’t solve our problems, his administration has proposed costly regulations that would hurt the supply of other domestic sources.  Instead of placing his bet on American-made energy and the workers who produce it, President Obama has wasted taxpayer dollars on Solyndra and other unproven technologies.   

“Actions speak louder than words.  Republicans have followed through on our ‘all-of-the-above’ approach and passed through the House bipartisan reforms that break down government barriers to our natural resources.

“While the president has closed off new areas for offshore drilling, the House has passed legislation that would open the most promising areas offshore to exploration and production.

“While the President has delayed leases and withdrawn over a million acres in the Rocky Mountains to oil shale development, the House has passed legislation to set clear rules and require additional leases to be issued.

“While the president opposes energy production in ANWR, the House has passed legislation to make available three percent of the land in this Arctic coastal plain, which is known to be abundant in natural resources.

“The House has also voted to remove regulatory barriers to the development of renewable energy sources and require approval of the Keystone pipeline, a project that even President Clinton says we should embrace.  

“Again, this approach has been endorsed by the president’s own jobs council.

“A meeting at the White House this week provided a glimmer of new hope that the President and the Democratic-controlled Senate may finally act on some bipartisan energy bills that have been passed by the Republican-led House.   

“That’s welcome news, because Washington D.C. needs to have a sense of urgency about this.  The reality is, prices will only climb higher if we don’t take action now to improve our energy security and develop our own natural resources.  

“Republicans are ready to continue moving forward with an ‘all-of-the-above’ energy plan, and we hope the president will live up to his rhetoric.  Hardworking taxpayers can’t wait to have the pain at the pump addressed.

“Thank you for listening, and God bless America."

ABC News Radio