We will double this nation's supply of renewable energy in the next three years. We've also made the largest investment in basic research funding in American history--an investment that will spur not only new discoveries in energy, but breakthroughs in medicine and science and technology.
But to truly transform our economy, to protect our security, and save our planet from the ravages of climate change, we need to ultimately make clean, renewable energy the profitable kind of energy. So I ask this Congress to send me legislation that places a market-based cap on carbon pollution and drives the production of more renewable energy in America. And to support that innovation, we will invest $15 billion a year to develop technologies like wind power and solar power, advanced biofuels, clean coal, and more efficient cars and trucks built right here in America.
Not true. We're importing less than we were just a few years ago. Imports reached a high point of 15 million barrels per day on Nov. 4, 2005. Most recently, they totaled 11.5 million on Feb. 20, 2009. Monthly and annual imports show the same trend.
He's partly right. The Chevy Volt, if it comes to market as scheduled in 2010, would be the first American-made, plug-in hybrid car, and General Motors recently announced that the Volt will use battery systems from South Korea's LG Chem Ltd.
But the U.S. isn't a complete laggard in this department. Ford said earlier this month that batteries for its hybrid, due to be available in 2012, will be supplied by a joint venture between a U.S. company, Johnson Controls Inc., and France's Saft. At least initially, though, the battery cells will be made in France; they will be assembled into power packs in the U.S.
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| 2016 Presidential contenders on Energy & Oil: | |||
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Republicans:
Sen.Ted Cruz(TX) Carly Fiorina(CA) Gov.John Kasich(OH) Sen.Marco Rubio(FL) Donald Trump(NY) |
Democrats:
Secy.Hillary Clinton(NY) Sen.Bernie Sanders(VT) 2016 Third Party Candidates: Roseanne Barr(PF-HI) Robert Steele(L-NY) Dr.Jill Stein(G,MA) | ||
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