Monday, March 12, 2012

Obama Goes On Offense About Gas Prices, Reliance On Foreign Oil

At a time when Congressional Republicans are scrambling to find ways to blame him for rising gas prices, President Barack Obama on Monday plans to spotlight the progress his administration has made in saving people money at the pump and reducing U.S. reliance on foreign oil.

The White House unveiled a new report early Monday that boasts of successes by the administration in making America more energy independent over the past three years.

"During the last year alone, we established new incentives to increase safe and responsible domestic oil and gas production; proposed the toughest fuel economy standards for cars and trucks in history; provided millions of Americans with efficient and affordable transportation choices; launched new programs to improve energy efficiency in our homes, buildings, public transit, aviation and roadway systems; and took unprecedented steps to make the United States a leader in the clean energy race," reads the cover letter to the report, titled "A Secure Energy Future: A Progress Report." The letter is signed by Energy Secretary Steven Chu, Transportation Secretary Ray LaHood and Interior Secretary Ken Salazar, among other Cabinet officials.

The report calls attention to Obama's first-ever fuel economy standards for heavy-duty vehicles, announced in August 2011, and highlights how they will save truck operators $50 billion in fuel costs over the life of the vehicles. Along with that, the report says Obama's July 2011 requirement that passenger vehicles achieve 54.5 miles per gallon by 2025 puts consumers on track to save more than $8,000 in lower fuel costs.

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