Obama talks energy

USA president, Barak Obama, mentioned taxes thirty four times and jobs thirty two times in his State of Nation Address to the American public in mid January, according to a review of his speech by Business Day but in reading his speech it becomes evident that much was also said on matters relating to energy and climate change.

He claimed that nowhere in the world was the promise of innovation greater than in it was with USA-made energy and said he was instructing his administration “to open more than 75 percent of our potential offshore oil and gas resources.”  He said that American oil production was the highest right now than it has been in eight years and the USA now relied less on foreign oil than in any of the past 16 years.

He acknowledged that the USA “had only 2 percent of the world’s oil reserves and the country needs an all-out, re-defined strategy that develops every available source of American energy.”  He was apparently referring to the possibility of developing the natural gas resources of the USA, which was, he said, “a supply of natural gas that can last America nearly 100 years.”

He said in his address listened to by millions across America, “The development of natural gas will create jobs and power trucks and factories that are cleaner and cheaper, proving that we don’t have to choose between our environment and our economy. It  was public research dollars, over the course of 30 years, that helped develop the technologies to extract all this natural gas out of shale rock”    He said that this “was one of the places where we are going”.

He went on, “What’s true for natural gas is just as true for clean energy.  In three years, our partnership with the private sector has already positioned America to be the world’s leading manufacturer of high-tech batteries.  Because of federal investments, renewable energy use has nearly doubled, and thousands of Americans have jobs because of it. “

On energy, Obama concluded, “Our experience with shale gas and our experience with natural gas shows us that the payoffs on these public investments don’t always come right away.  Some technologies don’t pan out; some companies fail.  But I will not walk away from the promise of clean energy.  We’ve subsidized oil companies for a century.  That’s long enough.”

He said he was directing his administration also to allow the development of clean energy on enough public land to power 3 million homes, with the USA navy purchasing enough capacity to power a quarter of a million homes a year. He then announced a plan to eliminate energy waste by manufacturers with incentives, and for businesses to upgrade their buildings on energy factor lines, also using tax incentives to do so.

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