In his recent State of the Union speech, President Obama proposed an Energy Security Trust that would rely on the money from increased oil and gas drilling to support research that could move cars and trucks off oil-derived fuels.
From a White House briefing document accompanying the President’s speech: Keep reading →
President Barack Obama delivered the State of the Union address to Congress in late January. The speech is being characterized by many in the media as many things: populist in tone, a campaign year positioning speech, and a mild tongue-lashing for Congress. While all of these things may or may not be true, for those of us in the energy world, the speech had some notable energy components worth mentioning.
First, the very fact that energy played a prominent role in the president’s framing of key measures to help build an “America built to last” is important and correct. Affordable and reliable energy has always been a staple of American economic growth and will continue to be so for the foreseeable future. With all of the other issues plaguing government right now, energy could easily have been downgraded to a lesser priority, but it wasn’t. Keep reading →
