“After years of talking about it, we’re finally poised to take control of our energy future. We produce more oil than we have in 15 years. We import less oil than we have in 20 years. We’ve doubled the amount of renewable energy that we generate from sources like wind and solar — with tens of thousands of good jobs to show for it. We’re producing more natural gas than we ever have before — with hundreds of thousands of good jobs to show for it. We supported the first new nuclear power plant in America since the 1970s. And we’re sending less carbon pollution into the environment than we have in nearly 20 years….
And that’s why we have to keep investing in scientific research. It’s why we have to maintain our edge — because the work you’re doing today will end up in the products that we make and sell tomorrow. You’re helping to secure our energy future. And if we do it well, then that’s going to help us avoid some of the perils of climate change and leave a healthier planet for our kids. But to do it, we’ve got to make sure that we’re making the right choices in Washington.
Just the other day, Dr. Isaacs and directors of two of our other national laboratories wrote about the effects of the so-called sequester — these across-the-board budget cuts put in place two weeks ago …. will force him to stop any new project that’s coming down the line. And I’m quoting him now — he says, “This sudden halt on new starts will freeze American science in place while the rest of the world races forward, and it will knock a generation of young scientists off their stride, ultimately costing billions of dollars in missed future opportunities.” I mean, essentially because of this sequester, we’re looking at two years where we don’t start new research….
We can’t afford to miss these opportunities while the rest of the world races forward….
… but the only way to really break this cycle of spiking gas prices, the only way to break that cycle for good is to shift our cars entirely — our cars and trucks — off oil. That’s why, in my State of the Union address, I called on Congress to set up an Energy Security Trust to fund research into new technologies that will help us reach that goal.
…. Basically, my proposal builds off a proposal that was put forward by a non-partisan coalition that includes retired generals and admirals and leading CEOs. And these leaders came together around a simple idea — much of our energy is drawn from lands and waters that we, the public, own together. So what they’ve proposed is let’s take some of our oil and gas revenues from public lands and put it towards research that will benefit the public so we can support American ingenuity without adding a dime to our deficit….
We can support scientists who are designing new engines that are more energy efficient; support scientists that are developing cheaper batteries that can go farther on a single charge; support scientists and engineers that are devising new ways to fuel our cars and trucks with new sources of clean energy — like advanced biofuels and natural gas — so drivers can one day go coast to coast without using a drop of oil….
And in the meantime, we’ll keep moving on the all-of-the-above energy strategy that we’ve been working on for the last couple years, where we’re producing more oil and gas here at home but we’re also producing more biofuels, we’re also producing more fuel-efficient vehicles; more solar power; more wind power. We’re working to make sure that here in America we’re building cars and homes and businesses that waste less energy.”