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6.Ending Subsidies for Big Oil Companies Saturday, March 17, 2012
Hi, everybody.As I’m sure you’ve noticed over the past few weeks, the price at your local pump has been going up and up.And because it’s an election year, so has the temperature of our political rhetoric.What matters most to me right now is the impact that rising prices have on you.When you’ve got to spend more on gas, you’ve got le to spend on everything else.It makes things harder.So I wanted to take a minute this weekend to explain what steps my Administration is taking when it comes to energy – most importantly, producing more of it while using le of it.The truth is: the price of gas depends on a lot of factors that are often beyond our control.Unrest in the Middle East can tighten global oil supply.Growing nations like China or India adding cars to the road increases demand.But one thing we should control is fraud and manipulation that can cause prices to spike even further.For years, traders at financial firms were able to game the energy markets, distort the price of oil, and make big profits for themselves at your expense.And they were able to do all that because of major gaps and loopholes in our regulations.When I took office, we did something about it.The Wall Street reforms I signed into law are helping bring energy markets out of the shadows and under real oversight.They’re strengthening our ability to go after fraud and to prevent traders from manipulating the market.So it’s not just wrong, but dangerous that some in Congre want to roll back those protections and return to the days when companies like Enron could avoid regulation and reap enormous profits, no matter who it hurt.What’s more, at a time when big oil companies are making more money than ever before, we’re still giving them $4 billion of your tax dollars in subsidies every year.Your member of Congre should be fighting for you.Not for big financial firms.Not for big oil companies.In the next few weeks, I expect Congre to vote on ending these subsidies.And when they do, we’re going to put every single Member of Congre on record: They can either stand up for oil companies, or they can stand up for the American people.They can either place their bets on a foil fuel from the last century, or they can place their bets on America’s future.So make your voice heard.Send your representative an email.Give them a call.Tell them to stand with you.And tell them to be honest with you.It’s easy to promise a quick fix when it comes to gas prices.There just isn’t one.Anyone who tells you otherwise – any career politician who promises some three-point plan for two-dollar gas – they’re not looking for a solution.They’re just looking for your vote.If we’re truly going to make sure we’re not at the mercy of spikes in gas prices every year, the answer isn’t just to drill more – because we’re already drilling more.Under my Administration, we’re producing more oil here at home than at any time in the last eight years, that’s a fact.We’ve quadrupled the number of operating oil rigs to a record high, that’s a fact.And we’ve opened millions of acres on land and offshore to develop more of our domestic resources.Those are the facts.But we can’t just rely on drilling.Not when we use more than 20 percent of the world’s oil, but still only have 2 percent of the world’s known oil reserves.If we don’t develop other sources of energy, and the technology to use le energy, we’ll continue to be dependent on foreign countries for our energy needs.That’s why we’re pursuing an all-of-the-above strategy.As we develop more oil and gas, we’re also developing wind and solar power;biofuels, and next-generation vehicles – and thousands of Americans have jobs right now because of it.We need to keep making those investments – because I don’t want to see those jobs go to other countries.I want to create even more of them right here in America.And after three decades of inaction, we raised fuel economy standards so that by the middle of the next decade, our cars will average nearly 55 miles per gallon.That’s nearly double what they get today.That means you’ll only have to fill up every two weeks instead of every week.And that will save the typical family more than $8,000 over the life of the car – just by using le gas.Combined, these steps have helped put us on a path to greater energy independence.Since I took office, America’s dependence on foreign oil has gone down every single year.In 2010, for the first time in 13 years, le than half the oil we used came from foreign countries.We can do even better.And we will.But what we can’t do is keep being dependent on other countries for our energy needs.In America we control our own destiny.So that’s the choice we face – the past, or the future.And America is what it is today because we have always placed our bets on the future.Thanks, and have a great weekend.7.Investing in a Clean Energy Future March 10, 2012
Hi, everybody.I’m speaking to you this week from a factory in Petersburg, Virginia, where they’re bringing on more than 100 new workers to build parts for the next generation of jet engines.It’s a story that’s happening more frequently acro the country.Our businees just added 233,000 jobs last month – for a total of nearly four million new jobs over the last two years.More companies are choosing to bring jobs back and invest in America.Manufacturing is adding jobs for the first time since the 1990s, and we’re building more things to sell to the rest of the world stamped with three proud words: Made in America.And it’s not just that we’re building stuff.We’re building better stuff.The engine parts manufactured here in Petersburg will go into next-generation planes that are lighter, faster, and more fuel-efficient.That last part is important.Because whether you’re paying for a plane ticket, or filling up your gas tank, technology that helps us get more miles to the gallon is one of the easiest ways to save money and reduce our dependence on foreign oil.The recent spike in gas prices has been another painful reminder of why we have to invest in this technology.As usual, politicians have been rolling out their three-point plans for two-dollar gas: drill, drill, and drill some more.Well, my response is, we have been drilling.Under my Administration, oil production in America is at an eight-year high.We’ve quadrupled the number of operating oil rigs, and opened up millions of acres for drilling.But you and I both know that with only 2% of the world’s oil reserves, we can’t just drill our way to lower gas prices – not when consume 20 percent of the world’s oil.We need an all-of-the-above strategy that relies le on foreign oil and more on American-made energy – solar, wind, natural gas, biofuels, and more.That’s the strategy we’re pursuing.It’s why I went to a plant in North Carolina earlier this week, where they’re making trucks that run on natural gas, and hybrid trucks that go further on a single tank.And it’s why I’ve been focused on fuel efficient cars since the day I took office.Over the last few years, the annual number of miles driven by Americans has stayed roughly the same, but the total amount of gas we use has been going down.In other words, we’re getting more bang for our buck.If we accelerate that trend, we can help drivers save a significant amount of money.That’s why, after 30 years of inaction, we finally put in place new standards that will make sure our cars average nearly 55 miles per gallon by the middle of the next decade – nearly double what they get today.This wasn’t easy: we had to bring together auto companies, and unions, and folks who don’t ordinarily see eye to eye.But it was worth it.Because these cars aren’t some pie in the sky solution that’s years away.They’re being built right now – by American workers, in factories right here in the U.S.A.Every year, our cars and trucks will be able to go further and use le fuel, and pretty soon, you’ll be able to fill up every two weeks instead of every week – something that, over time, will save the typical family more than $8,000 at the pump.We’ll reduce our oil consumption by more than 12 billion barrels.That’s a future worth investing in.So we have a choice.Right now, some folks in Washington would rather spend another $4 billion on subsidies to oil companies each year.Well you know what? We’ve been handing out these kinds of taxpayer giveaways for nearly a century.And outside of Congre, does anyone really think that’s still a good idea? I want this Congre to stop the giveaways to an oil industry that’s never been more profitable, and invest in a clean energy industry that’s never been more promising.We should be investing in the technology that’s building the cars and trucks and jets that will prevent us from dealing with these high gas prices year after year after year.Ending this cycle of rising gas prices won’t be easy, and it won’t happen overnight.But that’s why you sent us to Washington – to solve tough problems like this one.So I’m going to keep doing everything I can to help you save money on gas, both right now and in the future.I hope politicians from both sides of the aisle join me.Let’s put aside the bumper-sticker slogans, remember why we’re here, and get things done for the American people.Thank you, God ble you, and have a great weekend 8.Taking Control of Our Energy Future Saturday, March 3, 2012
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 receion since the Great Depreion.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 cla.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 progre.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, le 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.Congre 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.9.An All-Of-The-Above Approach to American Energy Saturday, February 25, 2012 Hello, everybody.In the State of the Union, I laid out three areas we need to focus on if we’re going to build an economy that lasts: new American manufacturing, new skills and education for American workers, and new sources of American-made energy.These days, we’re getting another painful reminder why developing new energy is so important to our future.Just like they did last year, gas prices are starting to climb.Only this time, it’s happening earlier.And that hurts everyone – everyone who owns a car;everyone who owns a busine.It means you have to stretch your paycheck even further.Some folks have no choice but to drive a long way to work, and high gas prices are like a tax straight out of their paychecks.Now, some politicians always see this as a political opportunity.And since it’s an election year, they’re already dusting off their three-point plans for $2 gas.I’ll save you the suspense: Step one is drill, step two is drill, and step three is keep drilling.We hear the same thing every year.Well the American people aren’t stupid.You know that’s not a plan – especially since we’re already drilling.It’s a bumper sticker.It’s not a strategy to solve our energy challenge.It’s a strategy to get politicians through an election.You know there are no quick fixes to this problem, and you know we can’t just drill our way to lower gas prices.If we’re going to take control of our energy future and avoid these gas price spikes down the line, then we need a sustained, all-of-the-above strategy that develops every available source of American energy – oil, gas, wind, solar, nuclear, biofuels, and more.We need to keep developing the technology that allows us to use le oil in our cars and trucks;in our buildings and plants.That’s the strategy we’re pursuing, and that’s the only real solution to this challenge.Now, we absolutely need safe, responsible oil production here in America.That’s why under my Administration, America is producing more oil today than at any time in the last eight years.In 2010, our dependence on foreign oil was under 50% for the first time in more than a decade.And while there are no short-term silver bullets when it comes to gas prices, I’ve directed my administration to look for every single area where we can make an impact and help consumers in the months ahead, from permitting to delivery bottlenecks to what’s going on in the oil markets.But over the long term, an all-of-the-above energy strategy means we have to do more.It means we have to make some choices.Here’s one example.Right now, four billion of your tax dollars subsidize the oil industry every year.Four billion dollars.Imagine that.Maybe some of you are listening to this in your car right now, pulling into a gas station to fill up.As you watch those numbers rise, know that oil company profits have never been higher.Yet somehow, Congre is still giving those same companies another four billion dollars of your money.That’s outrageous.It’s inexcusable.And it has to stop.A century of subsidies to the oil companies is long enough.It’s time to end taxpayer giveaways to an industry that’s never been more profitable, and use that money to reduce our deficit and double-down on a clean energy industry that’s never been more promising.Because of the investments we’ve already made, the use of wind and solar energy in this country has nearly doubled – and thousands of Americans have jobs because of it.And because we put in place the toughest fuel economy standards in history, our cars will average nearly 55 miles per gallon by the middle of the next decade – something that, over time, will save the typical family more than $8,000 at the pump.Now Congre needs to keep that momentum going by renewing the clean energy tax credits that will lead to more jobs and le dependence on foreign oil.Look, we know there’s no silver bullet that will bring down gas prices or reduce our dependence on foreign oil overnight.But what we can do is get our priorities straight, and make a sustained, serious effort to tackle this problem.That’s the commitment we need right now.And with your help, it’s a commitment we can make.Thank you.10.Continuing to Strengthen American Manufacturing Saturday, February 18, 2012
Hello, everybody.I’m speaking to you this week from the Boeing Plant in Everett, Washington.Boeing has been in this community for half a century.But it’s what they’re doing here today that has folks really excited;because at this plant they’re building the plane of the future – the Dreamliner.It’s an impreive sight.And, to be honest, part of why I came was to see it up close.But I also came because this is a great example of how we can bring jobs and manufacturing back to America.You see, the last few decades haven’t been easy for manufacturing in this country.New technology has made businees more efficient and productive – and that’s good – but it’s also made a lot of jobs obsolete.The result has been painful for a lot of families and communities.Factories where people thought they’d retire have left town.Jobs that provided a decent living have been shipped overseas.And the hard truth is that a lot of those jobs aren’t coming back.But that doesn’t mean we have to settle for a leer future.I don’t accept that idea.In America, there’s always something we can do to create new jobs and new manufacturing and new security for the middle-cla.In America, we don’t give up, we get up.Right now, that’s exactly what we’re doing.Over the past 23 months, businees have created 3.7 million new jobs.And manufacturers are hiring for the first time since the 1990s.It’s now getting more expensive to do busine in places like China.Meanwhile, America is more productive than ever.And companies like Boeing are realizing that even when we can’t make things cheaper than China, we can make things better.That’s how we’re going to compete globally.For Boeing, busine right now is booming.Last year, orders for commercial aircraft rose by more than 50 percent.To meet that rising demand, they’ve put thousands of folks to work all over the country.We want to see more of this.We need to make it as easy as we can for our companies to create more jobs in America, not overseas.And that starts with our tax code.No company should get a tax break for outsourcing jobs.Instead, tax breaks should go to manufacturers who set up shop here at home.Bigger tax breaks should go to high-tech manufacturers who create the jobs of the future.And if you relocate your company to a struggling community, you should get help financing that new plant, that new equipment, or training for new workers.It’s time to stop rewarding businees that ship jobs overseas, and start rewarding businees that create jobs here in America.And Congre should send me that kind of tax reform right away.Another thing we’re doing is to make it easier for companies like Boeing to sell their products all over the world, because more exports mean more jobs.Two years ago, I set a goal of doubling U.S.exports over five years.And we’re on track to meet that goal – ahead of schedule.We have a big opportunity right now to build not only an economy that will help us succeed today, but an economy that will help our kids and their kids succeed tomorrow.We know what we need to do.We need to strengthen American manufacturing.We need to invest in American-made energy and new skills for American workers.And above all, we need to renew the values that have always made this country great: Hard work.Fair play.Shared responsibility.We can do this.Ask the folks in Everett.Right here, a few years ago, the first Dreamliner took off on its maiden trip.Thousands of employees came to watch.One was an executive office administrator named Sharon O’Hara.As Sharon saw that first plane take flight – a result of so much hard work – she got goose bumps.In her words, she said, “We said we would do it and we did.” That’s the story of America.We said we would do it, and we did.That’s the can-do spirit that makes us who we are.We’ve seen challenging times before.But we always emerge from them stronger.And that’s what we’re going to do again today.Thanks, and have a great weekend.