obama urges end to us reliance on foreign energy
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Obama urges end to US reliance on foreign energy

Egypt Today, egypt today

Egypt Today, egypt today Obama urges end to US reliance on foreign energy

Washington - AFP
US President Barack Obama called on Saturday for an end to America's dependence on foreign energy sources -- and to the multi-billion-dollar subsidies given each year to oil companies. "What we can't do is keep being dependent on other countries for our energy needs," Obama said in his weekly radio and Internet address. "In America we control our own destiny," he added. "So that's the choice we face - the past, or the future." The comments came as the president faces mounting criticism from Republicans, who have blamed his energy policy for spiking gas prices. The American Automobile Association (AAA) predicts gasoline prices across the United States could average $4.25 a gallon by May, up from $3.83 today. Between 1998 and 2004, prices ranged from $1 to $2. Prices vary wildly between regions, however, and last week, gasbuddy.com, a website that tracks prices in all 50 states, reported $5.09 a gallon at one Mobil and two Chevron stations in greater Los Angeles. Given that 76 percent of Americans drive themselves to work, and a trip to the store can often mean a long drive to the mall, higher gas prices are a critical issue -- especially in a presidential election year. The president noted that the price of gasoline depended on a lot of factors that are beyond US control. "Unrest in the Middle East can tighten global oil supply," he said. "Growing nations like China or India adding cars to the road increases demand." But he pointed out that his administration had already put in place new standards that will make sure that American cars average nearly 55 miles per gallon (88.5 kilometers per 3.8 liters) by the middle of the next decade - nearly double what they get today. The president also called for ending the $4 billion a year in tax breaks that US oil companies receive each year. "In the next few weeks, I expect Congress to vote on ending these subsidies," he said. "And when they do, we're going to put every single Member of Congress on record: They can either stand up for oil companies, or they can stand up for the American people."
egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

obama urges end to us reliance on foreign energy obama urges end to us reliance on foreign energy



GMT 20:45 2017 Wednesday ,16 August

Damietta Port receives four vessels over past 24 hours

GMT 10:14 2017 Monday ,06 November

Helicopter crash details will be announced

GMT 10:13 2018 Tuesday ,11 September

Asian stocks were mixed Tuesday

GMT 11:04 2012 Friday ,14 December

Egyptian Chickpea and Orzo Soup

GMT 07:37 2018 Wednesday ,24 January

Pence to visit Western Wall after pro-Israel speech

GMT 09:31 2016 Wednesday ,18 May

To Translate Children and Young Adult Books

GMT 15:48 2017 Wednesday ,15 November

Nadal pullout leaves Federer as last man standing

GMT 15:08 2012 Wednesday ,08 August

Morsi supports women\'s rights

GMT 21:17 2012 Wednesday ,10 October

Sensex closes 162 points down
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday