Pablo Martinez Monsivais, Associated Press
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.
Obama address: www.whitehouse.gov
- What 'The Office' teaches us about job...
- Syracuse man develops router to keep Internet...
- Gillette company does work for NASA
- Salt Lake City to become next Google Fiber city
- UTA board approves new pay plan for...
- Internet outages reveal gaps in US broadband...
- FDA to scrutinize unproven alternative remedies
- UDOT campaigning to reduce work zone crashes
- Salt Lake City to become next Google... 17
- UTA board approves new pay plan for... 11
- Why you should begin planning for... 9
- AP Investigation: Slavery taints global... 6
- Oil council: Shale won't last, Arctic... 3
- The middle class has had a rough couple... 2
- Stericycle medical waste incinerator... 2
- For business, more women in charge... 1