Posted on 02/23/2012 1:21:28 PM PST by tobyhill
U.S. President Obama told an audience in Florida Thursday Republicans are saying "drill, drill, drill," but that's not an energy plan, it's a "bumper sticker."
The president said it was critical to develop diverse energy resources.
He also attacked government subsidies for oil companies.
"Four billion dollars," Obama said. "These are the same oil companies that have been making record profits off the money you spend at the pump. And now they deserve another $4 billion from us?
"It's outrageous. It's inexcusable. And every politician who's been fighting to keep these subsidies in place should explain to the American people why the oil industry needs more of their money. Especially at a time like this."
At the "energy event" at the University of Miami, Obama said: "Right now, we're experiencing yet another painful reminder of why developing new energy is so critical to our future. Just like last year, gas prices are climbing across the country -- except this time, even earlier. And that hurts everyone."
(Excerpt) Read more at upi.com ...
“...there is more fuel in the Keystone pipeline and in N Dakota than in algae.”
He admitted we don’t even know how to convert algae to “oil”. We do, in general but the plans for production, manner of same, collection, transport and effective distribution have not been considered, planned or even thought out at all.
Just the same as providing for recharging cars for their next 16 mile use!
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