Full Text Obama Presidency March 22, 2012: President Barack Obama’s Speech on American Made Energy at Ohio State University



President Obama and the Buckeye Bullet

Source: WH, 3-23-12
President Barack Obama looks at the Buckeye Bullet (March 22, 2012)

President Barack Obama looks at the Buckeye Bullet, a high speed electric land speed race car, during a tour of the Center for Automotive Research at Ohio State University in Columbus, Ohio, March 22, 2012. An earlier version of the Buckeye Bullet holds the U.S. electric land speed record at 314.958 mph. (Official White House Photo by Pete Souza)

The Ohio State University in Columbus was President Obama’s final stop on this week’s energy tour. It’s home to the Center for Automotive Research, a hotbed of innovation in the fields of energy production and advanced vehicles.

There, President Obama had a chance to see the Buckeye Bullet — an electric car that has already traveled at speeds in excess of 300 miles per hour. Engineers at the school told him that they’re now aiming to design the vehicle so that it’s capable of going more than 400 miles per hour.

Today, Buckeye Bullet is already the fastest electric car in the world, and at OSU, they’re aiming to make it even faster. President Obama said that kind of ingenuity is “essential to American leadership.”

He told the Columbus crowd:

[As] long as I’m President, we are going to keep on making those investments. I am not going to cede the wind and solar and advanced battery industries to countries like China and Germany that are making those investments. I want those technologies developed and manufactured here in Ohio, here in the Midwest, here in America. By American workers. That’s the future we want.

As for the Buckeye Bullet, the President also promised that his daughter Malia, who will turn16 in a couple of years, will never drive 300 miles per hour, despite the vehicle’s impressive success.

Learn more:


Remarks by the President on American-Made Energy

The Ohio State University
Columbus, Ohio

4:27 P.M. EDT

THE PRESIDENT:  Hello, Buckeyes!  (Applause.)  Yes.  It is good to be back at The Ohio State University.  (Applause.)  I want to thank —


THE PRESIDENT:  I love you back.  (Applause.)  I am thrilled to be here.  I want to thank a couple of people.  First of all, the outstanding Mayor of Columbus, Michael Coleman, is here.  (Applause.)  I want to thank OSU Provost Joe Alutto.  (Applause.)

And I just got this extraordinary tour from Giorgio Rizzoni, who’s the director of the Center for Automotive Research.  So give him a big round of applause.  (Applause.)

Now, let’s face it, a presidential visit isn’t even close to being the biggest thing this weekend on campus.  (Laughter.)  And despite what Vijay said, I did have the Buckeyes heading to the Final Four.  (Applause.)  I’m just saying.  I think Selinger is going to have a big game tonight.  (Applause.)  And I promise you I didn’t do it because I knew I was coming here — because I am cold-blooded when it comes to filling out my brackets.  (Laughter.)  So I genuinely think you guys are looking good.

And by the way, I just read somewhere that one in every four teams in the Sweet 16 is from Ohio.  (Applause.)  You’ve got Ohio State, Ohio University, Xavier — (applause) — Xavier is in — Cincinnati.


THE PRESIDENT:  I’m not going to get in the middle of this. (Laughter.)  I do want to just say no state has ever done this before.  So it’s a testimony to Ohio basketball.  (Applause.)

And I want to thank Vijay for the outstanding introduction  — very much appreciate that.

Now, this is our last stop on a trip where we’ve been talking about an all-of-the-above energy strategy for America — a strategy where we produce more oil, produce more gas, but also produce more American biofuels and more fuel-efficient cars, more solar power, more wind power, more power from the oceans, more clean and renewable energy.  (Applause.)  More clean and renewable energy.

You know what I’m talking about here, because this school is a national leader in developing new sources of energy and advanced vehicles that use a lot less energy.

I just had a chance to take a tour of the Center for Automotive Research.  Now, I admit the best part of it was seeing the Buckeye Bullet, which has gone over 300 miles an hour and is now shooting for 400 miles an hour.  (Applause.)  And I asked the guys who were helping to design this whether mom was going to let them actually test-drive this thing, and the answer was no.  (Laughter.)  Only professional drivers are permitted.

But for anybody who’s not familiar with this, the Buckeye Bullet is the fastest electric car in the world.  (Applause.)  The fastest in the world.  I don’t know who’s going to need to go that fast.  (Laughter.)  But it is a testament to the ingenuity here at Ohio State and what is essential to American leadership when it comes to energy — our brain power.

I will say, though, when Malia gets her license in a few years, she will not be allowed to go 300 miles an hour.  (Laughter.)

Now, one of the reasons that I’ve been talking so much about fuel-efficient cars and new sources of energy is obviously because we’re seeing another spike in gas prices right now.  And that’s tough on folks.  I remember when I was a student, filling up was always tough.  And gas prices are putting pressure not just on students but on a lot of families all across Ohio, all across the country.  Whether you’re trying to get to school, go to work, go grocery shopping, dropping off your kids, you’ve got to be able to fill up that gas tank.  Right now, for most people you don’t have a choice.

So when prices spike, that tax hike feels like a — or that gas spike feels like a tax hike coming right out of your pocket. That’s part of the reason that we passed a payroll tax cut at the beginning of this year –- so that the average American would get an extra $40 in every paycheck to help offset the price of gas.  (Applause.)  So that’s going to offer some relief.

But the bigger question is how do we make sure that these spikes in gas prices don’t keep on happening — because we’ve seen this movie before.  This happens just about every year.  This happened this time last year.  Gas prices were even higher in the spring and summer of 2008.  It has been going on for years, for decades.

And every time prices start to go up — especially during an election year — politicians, they start dusting off their 3-point plan for $2.00 gas.  (Laughter.)  Although this year, they decided it was going to be $2.50.  (Laughter.)  This year they decided it was going to be $2.50.  Now, I don’t know where they pick that number, $2.50.  Because it could have been $2.40, I guess.  They could have said $2.10.  They could have said 50 cents a gallon.  But they all make the same promise.  They head down to the gas station and they make sure a few cameras are following them, and then they tell you how we’re going to have cheap gas forever if you just vote for them.  And it has been the same script for 30 years — the same thing.  It has been like a bad rerun.

And when you ask them, what specifically is your — (audience interruption.)

Sir, I’m here to speak to these folks.  You can hold your own rally.  (Applause.)  You’re being rude.  Sir, we’re trying to talk to these people.  (Applause.)  I’ll be happy to read your book — if you want to give me your book, I’ll be happy to read it.  But don’t interrupt my conversation with these folks, all right?  (Applause.)  Show me some courtesy.  (Applause.)  Show me some courtesy.  I’ll be happy to take your book.  But don’t interrupt everybody else.  All right?  Okay.

Now, where was I?  (Laughter.)  Go ahead and get that book from him, guys.  He wants to give me a book.  Please feel free to grab it.  You’re touting this book — make sure that you’ve given it to us.

All right, now that we’ve gotten that settled.  (Laughter.) Now, the question is, why is it that every year we hear the same story about how we’re going to have $2 gas, or $1.50 gas, or whatever price they come up with, if we would just drill for more oil?  That’s the solution that you always here.  Prices will immediately come down and all our problems will go away — like magic.

There are two problems with that.  First of all, we have been drilling.  We’re drilling right now.  Under my administration, America is producing more oil today than at any time in the last eight years — at any time.  (Applause.)  That’s a fact.  Over the last three years, we’ve opened millions of acres of land in 23 different states for oil and gas exploration. That’s a fact.  (Applause.)  Offshore, I’ve directed my administration to open up more than 75 percent of potential oil resources.  We’ve quadrupled the number of operating oil rigs to a record high.

I just visited New Mexico.  Their big problem is they don’t have enough truck drivers to transport all the oil that they are producing.  We’ve added enough oil and gas pipeline to circle the entire Earth and then some.  I just visited one of those new pipelines in Oklahoma, and today I directed my administration to make sure that we cut the red tape in terms of reducing some of these bottlenecks.

So the problem is not that we’re not drilling, or that we’re not producing more oil.  We are producing more oil than any time in the last eight years.  That’s not the problem.  There are probably a few spots where we’re not drilling, it’s true.  I’m not drilling in the South Lawn.  (Laughter.)  We’re not drilling next to the Washington Monument.  We’re not drilling in Ohio Stadium.


THE PRESIDENT:  So there are some spots out there that we are not drilling.  But we’re doing so in a way that protects the health and safety of the American people, and protects America’s incredible bounty that God gave us — our resources.  (Applause.)

So that’s point number one.  But the second issue, which, because we got a lot of young people, you guys understand, is that a strategy that relies only on drilling defies the fact that America uses 20 percent of the world’s oil, but we only have 2 percent of the world’s known oil reserves.  So we use 20 percent; we have 2 percent.  Who’s a math major here?  (Laughter.)  All right.  If I’m not mistaken, that leaves us about 18 percent short.  (Laughter.)

We can’t simply drill our way out of the problem.  Even if we drilled every square inch of this country right now, we’re going to be relying on other countries for oil.  (Applause.)  Does anybody here think that’s a good strategy?


THE PRESIDENT:  Of course, it isn’t.  We shouldn’t have to pay more at the pump every time there’s instability in the Middle East, which is the main reason gas prices are going up right now. (Applause.)  We should not be held hostage to events on the other side of the world.  This is America.  We control our own destiny. We forge our own future.  And I will not accept an energy strategy that traps us in the past.  (Applause.)  We’re not going to do it.

So as long as I’m President, America is going to be pursuing an all-of-the-above energy strategy.  Yes, we’ll develop as much oil and gas as we can, in a safe way, but we’re also going to develop wind power, and solar power, and advanced biofuels.  (Applause.)  We can build the next-generation nuclear reactors that are smaller and safer and cleaner and cheaper, but we’ve got to also look at renewable energy as the key to our future.  And we’ve got to build cars and trucks that get more miles to the gallon.  (Applause.)  We’ve got to build homes and businesses that waste less energy, and put consumers in control of their energy bills.

AUDIENCE MEMBER:  (Inaudible.)  (Laughter.)

THE PRESIDENT:  And we’ll do it by harnessing the same type of American ingenuity and imagination that’s on display right here at Ohio State.  (Applause.)  Right here at Ohio State.

So already we’ve made progress.  After decades of inaction, we raised fuel-economy standards, so that by the middle of the next decade, our cars will average nearly 55 miles per gallon, almost double what we get today.  (Applause.)  That means you’ll be able to fill up your car every two weeks instead of every week.  (Applause.)  You like that?


THE PRESIDENT:  That will save the average family about $8,000 at the pump over the life of a car, which is real money.  To use even less oil, we’re going to have to keep investing in clean, renewable, homegrown biofuels.  And already we’re using these biofuels to power everything from city buses to UPS trucks, even to Navy ships.  And the more we rely on these homegrown fuels, the less oil we buy from other countries and the more jobs we create right here in America.  (Applause.)

We also need to keep investing in clean energy like wind power and solar power.  I just visited the biggest American solar plant of its kind, in Boulder City, Nevada.  It’s powering thousands of homes.  It put hundreds of local people at work.  There are thousands of companies like that all across America.  And today, thousands of Americans have jobs because of public investments that have nearly doubled the use of clean energy in this country.

And as long as I’m President, we are going to keep on making those investments.  I am not going to cede the wind and solar and advanced battery industries to countries like China and Germany that are making those investments.  I want those technologies developed and manufactured here in Ohio, here in the Midwest, here in America.  (Applause.)  By American workers.  That’s the future we want.

So all these steps, all these steps have put us on a path of greater energy independence.   Here’s a statistic I want everybody to remember.  Since I took office, America’s dependence on foreign oil has gone down every single year.  (Applause.)  In 2010, our oil dependence was under 50 percent for the first time in 13 years.  (Applause.)  Even as the economy was growing, we’ve made progress in reducing the amount of oil that we have to import because we’re being smarter; we’re doing things better.

But now we’ve got a choice.  We can keep moving in that direction — we can keep developing new energy and new technology that uses less oil — or we can listen to these folks who actually believe that the only thing we can do is drill our way out of this problem.  In fact, they make fun of clean energy.  They call the jobs produced by them “phony” jobs.  They make jokes about them at their rallies.

Lately, we’ve heard a lot of politicians, a lot of folks who are running for a certain office –- (laughter) — they shall go unnamed — (laughter) — they dismiss wind power.  They dismiss solar power.  They make jokes about biofuels.  I guess they like gas-guzzlers because they’re against raising fuel standards.  Imagine if these guys had been around when Columbus set sail.  They’d be charter members of the Flat Earth Society.  (Laughter and applause.)  They don’t ask what we can do; they explain what we can’t do, and why we can’t do it.

And the point is there will always be cynics and naysayers who just want to keep on doing the same things the same way that we’ve always done them.

AUDIENCE MEMBER:  Then we wouldn’t have a black President, but we do!

THE PRESIDENT:  Well, that’s true.  (Applause.)

They want to double down on the same ideas that got us exactly into this mess that we’ve been in and we’ve been digging our way out of.  That’s not who we are as Americans.

We’ve always succeeded because we refused to stand still.  We put faith in the future.  We are inventors.  We are builders.  We’re makers of things.  We’re Thomas Edison and the Wright Brothers and Steve Jobs.  By the way, the Wright Brothers were from Ohio.  (Applause.)  Just want to point that out.  But that’s who we are.  That’s who we need to be right now.  We can’t be afraid of the future.  (Applause.)

The flat Earth crowd, they’ve got a different view.  They would rather give $4 billion in taxpayer subsidies to oil companies this year than to invest in clean energy.  Four billion dollars to an industry that’s making record profits because of what you’re paying at the gas station.  Does anybody think that they need help, that they don’t have enough incentive to drill for oil?  Does anybody think that’s a wise use of your tax dollars?


THE PRESIDENT:  We have been subsidizing oil companies for a century.  That’s long enough.  (Applause.)  It is time to stop a taxpayer giveaway to an industry that’s rarely been more profitable, and start making investments in a clean energy industry that has never been more promising.

And when Congress votes on this, you guys should put some pressure on to tell them, do the right thing.  Bet on our future, not on our past.  (Applause.)  Put them on record:  They can either stand with the oil industry, or they can stand with the American people.  They can place their bets on the energy of the past, or place their bets on America’s future — on American workers, American technology, American ingenuity, American-made energy.

AUDIENCE MEMBER:  Our children.  (Applause.)

THE PRESIDENT:  Our children.  (Applause.)  That’s the choice we face.  That’s what’s at stake right now.

And, Ohio, we know the direction that we’ve got to go in.  Ending these oil subsidies won’t bring gas prices down tomorrow. Even if we drilled every inch of America, that won’t bring gas prices down tomorrow.  But if we’re tired of watching gas prices spike every single year, if we’re tired of being caught in this position, knowing that China and India are growing — China had 10 million cars purchased in 2010 alone.  You’ve got a billion people, two billion people out there, who are interested in buying cars — which means that unless we develop alternatives, oil prices are going to keep on going up.

I don’t want folks in the Middle East taking your money out of your pocket because we did not develop the kind of strategies that will sustain our future and our independence.  (Applause.)

So I need all of you guys to make your voices heard.  Get on the phone.  Write and email.  Send a tweet.  Let your members of Congress know where you stand.  Tell them to do the right thing. Tell them that we can win this fight.  Tell them:  Yes, we can.  (Applause.)  We can build an economy that lasts.  We can make this another American Century.  We can remind the entire world just why it is the United States of America is the greatest nation on Earth.

Thank you.  God bless you.  God bless the United States of America.  (Applause.)

4:46 P.M. EDT

White House Recap March 16-22, 2012: The Obama Presidency’s Weekly Recap — President Barack Obama Embarked on Four State Energy Tour — Celebrated St Patrick’s Day



West Wing Week: 3/22/12 or “Slainte!”

West Wing Week

Source: WH, 3-22-12

This week, the President celebrated his fourth St Patrick’s Day in the White House and hosted the Irish Prime Minister, marked Nowruz with a video address, then embarked on a four state energy tour.

Full Text Obama Presidency March 22, 2012: President Barack Obama’s Speech on Energy Expediting Approval of the Keystone XL Oil Pipeline’s Southern End from Oklahoma to the Gulf Coast of Texas in Cushing, Oklahoma



President Obama Speaks in Cushing

President Barack Obama delivers remarks on energy at the TransCanada Stillwater Pipe Yard near Cushing, Okla., March 22, 2012. The President highlighted the Administration’s commitment to expanding domestic oil and gas production. (Official White House Photo by Pete Souza) 

Obama expediting southern Keystone oil pipeline

Source: USA Today, 3-22-12

President Obama said today he is expediting approval of the southern end of the Keystone XL oil pipeline — from Oklahoma to the Gulf Coast of Texas — and he criticized Republicans for turning an energy and environmental issue into a political one.

“The southern leg of it, we’re making a priority,” Obama told workers during an 11-minute speech in Cushing, Okla., the terminus of the pipeline project.

House Speaker John Boehner and other Republicans called Obama’s permit announcement meaningless because the southern end of the project is due to start construction in June anyway. And they continued to criticize Obama for blocking the northern part of Keystone, connecting the U.S. to oil supplies in Canada.

Boehner spokesman Brendan Buck compared Obama’s announcement to “the governor holding a press conference to renew my driver’s license — except this announcement still leaves American energy and jobs behind.”…READ MORE

Expanding Our Oil and Gas Pipeline Infrastructure

Source: WH, 3-22-12

Cushing, Oklahoma is an oil town. It’s a major hub for connecting our nation’s crude oil supply with refineries along the Gulf Coast, and the latest stop on President Obama’s cross-country tour to discuss American energy production.

Domestic oil and gas production is the highest it’s been in eight years. We’re actually producing so much that, even though we’ve added enough new oil and gas pipelines to circle the Earth in the last three years, we still don’t have enough pipeline to transport it all around the country quickly enough, particularly to our nation’s refineries.

And, as President Obama explained when he spoke there today, the fact that production is outpacing pipeline capacity is causing bottlenecks in places like Cushing, slowing our ability to further increase oil supplies when gas prices are high and we need it the most.

Modernizing pipeline infrastructure and expanding its ability to deliver oil to refineries and consumers around the country is a vital piece of a strategy to reduce our reliance on foreign oil and expand production of American-made energy. That’s why President Obama directed his Administration to expedite the permitting and construction process of a new pipeline that will help crude oil make its way to Gulf Coast refineries more quickly, and doing so while protecting natural resources and the health of local communities along the pipeline’s proposed path.

Read more about President Obama’s all-of-the-above energy strategy


Remarks by the President on American-Made Energy

Cushing Pipe Yard
Cushing, Oklahoma

10:22 A.M. CDT

THE PRESIDENT:  Hello, Oklahoma!  (Applause.)  Well, it’s good to be here.  Everybody, have a seat.  Have a seat.

AUIDENCE MEMBER:  I love you, Mr. President!

THE PRESIDENT:  I love you back.  It’s wonderful to see you.

It is good to be back in Oklahoma.  I haven’t been back here since the campaign, and everybody looks like they’re doing just fine.  (Laughter.)  Thank you so much for your hospitality.  It is wonderful to be here.

Yesterday, I visited Nevada and New Mexico to talk about what we’re calling an all-of-the-above energy strategy.  It’s a strategy that will keep us on track to further reduce our dependence on foreign oil, put more people back to work, and ultimately help to curb the spike in gas prices that we’re seeing year after year after year.

So today, I’ve come to Cushing, an oil town — (applause) — because producing more oil and gas here at home has been, and will continue to be, a critical part of an all-of-the-above energy strategy.  (Applause.)

Now, under my administration, America is producing more oil today than at any time in the last eight years.  (Applause.)  That’s important to know.  Over the last three years, I’ve directed my administration to open up millions of acres for gas and oil exploration across 23 different states.  We’re opening up more than 75 percent of our potential oil resources offshore.  We’ve quadrupled the number of operating rigs to a record high.  We’ve added enough new oil and gas pipeline to encircle the Earth and then some.

So we are drilling all over the place — right now.  That’s not the challenge.  That’s not the problem.  In fact, the problem in a place like Cushing is that we’re actually producing so much oil and gas in places like North Dakota and Colorado that we don’t have enough pipeline capacity to transport all of it to where it needs to go — both to refineries, and then, eventually, all across the country and around the world.  There’s a bottleneck right here because we can’t get enough of the oil to our refineries fast enough.  And if we could, then we would be able to increase our oil supplies at a time when they’re needed as much as possible.

Now, right now, a company called TransCanada has applied to build a new pipeline to speed more oil from Cushing to state-of-the-art refineries down on the Gulf Coast.  And today, I’m directing my administration to cut through the red tape, break through the bureaucratic hurdles, and make this project a priority, to go ahead and get it done.  (Applause.)

Now, you wouldn’t know all this from listening to the television set.  (Laughter.)  This whole issue of the Keystone pipeline had generated, obviously, a lot of controversy and a lot of politics.  And that’s because the original route from Canada into the United States was planned through an area in Nebraska that supplies some drinking water for nearly 2 million Americans, and irrigation for a good portion of America’s croplands.  And Nebraskans of all political stripes — including the Republican governor there — raised some concerns about the safety and wisdom of that route.

So to be extra careful that the construction of the pipeline in an area like that wouldn’t put the health and the safety of the American people at risk, our experts said that we needed a certain amount of time to review the project.  Unfortunately, Congress decided they wanted their own timeline — not the company, not the experts, but members of Congress who decided this might be a fun political issue, decided to try to intervene and make it impossible for us to make an informed decision.

So what we’ve said to the company is, we’re happy to review future permits.  And today, we’re making this new pipeline from Cushing to the Gulf a priority.  So the southern leg of it we’re making a priority, and we’re going to go ahead and get that done. The northern portion of it we’re going to have to review properly to make sure that the health and safety of the American people are protected.  That’s common sense.

But the fact is that my administration has approved dozens of new oil and gas pipelines over the last three years -– including one from Canada.  And as long as I’m President, we’re going to keep on encouraging oil development and infrastructure and we’re going to do it in a way that protects the health and safety of the American people.  We don’t have to choose between one or the other, we can do both.  (Applause.)

So if you guys are talking to your friends, your neighbors, your coworkers, your aunts or uncles and they’re wondering what’s going on in terms of oil production, you just tell them anybody who suggests that somehow we’re suppressing domestic oil production isn’t paying attention.  They are not paying attention.  (Applause.)

What you also need to tell them is anybody who says that just drilling more gas and more oil by itself will bring down gas prices tomorrow or the next day or even next year, they’re also not paying attention.  They’re not playing it straight.  Because we are drilling more, we are producing more.  But the fact is, producing more oil at home isn’t enough by itself to bring gas prices down.

And the reason is we’ve got an oil market that is global, that is worldwide.  And I’ve been saying for the last few weeks, and I want everybody to understand this, we use 20 percent of the world’s oil; we only produce 2 percent of the world’s oil.  Even if we opened every inch of the country — if I put a oil rig on the South Lawn — (laughter) — if we had one right next to the Washington Monument, even if we drilled every little bit of this great country of ours, we’d still have to buy the rest of our needs from someplace else if we keep on using the same amount of energy, the same amount of oil.

The price of oil will still be set by the global market.  And that means every time there’s tensions that rise in the Middle East — which is what’s happening right now — so will the price of gas.  The main reason the gas prices are high right now is because people are worried about what’s happening with Iran.  It doesn’t have to do with domestic oil production.  It has to do with the oil markets looking and saying, you know what, if something happens there could be trouble and so we’re going to price oil higher just in case.

Now, that’s not the future that we went.  We don’t want to be vulnerable to something that’s happening on the other side of the world somehow affecting our economy, or hurting a lot of folks who have to drive to get to work.  That’s not the future I want for America.  That’s not the future I want for our kids.  I want us to control our own energy destiny.  I want us to determine our own course.

So, yes, we’re going to keep on drilling.  Yes, we’re going to keep on emphasizing production.  Yes, we’re going to make sure that we can get oil to where it’s needed.  But what we’re also going to be doing as part of an all-of-the-above strategy is looking at how we can continually improve the utilization of renewable energy sources, new clean energy sources, and how do we become more efficient in our use of energy.  (Applause.)

That means producing more biofuels, which can be great for our farmers and great for rural economies.  It means more fuel-efficient cars.  It means more solar power.  It means more wind power — which, by the way, nearly tripled here in Oklahoma over the past three years in part because of some of our policies.

We want every source of American-made energy.  I don’t want the energy jobs of tomorrow going to other countries.  I want them here in the United States of America.  (Applause.)  And that’s what an all-of-the-above strategy is all about.  That’s how we break our dependence on foreign oil.  (Applause.)

Now, the good news is we’re already seeing progress.  Yesterday, I went, in Nevada, to the largest solar plant of its kind anywhere in the country.  Hundreds of workers built it.  It’s powering thousands of homes, and they’re expanding to tens of thousands of homes more as they put more capacity online.

After 30 years of not doing anything, we finally increased fuel-efficiency standards on cars and trucks, and Americans are now designing and building cars that will go nearly twice as far on the same gallon of gas by the middle of the next decade.  And that’s going to save the average family $8,000 over the life of a car.  (Applause.)  And it’s going to save a lot of companies a lot of money because they’re hurt by rising fuel costs, as well.

All of these steps have helped put America on the path to greater energy independence.  Since I took office, our dependence on foreign oil has gone down every single year.  Last year, we imported 1 million fewer barrels per day than the year before.  Think about that.  (Applause.)  America, at a time when we’re growing, is actually importing less oil from overseas because we’re using it smarter and more efficiently.  America is now importing less than half the oil we use for the first time in more than a decade.

So the key is to keep it going, Oklahoma.  We’ve got to make sure that we don’t go backwards, that we keep going forwards.  If we’re going to end our dependence on foreign oil, if we’re going to bring gas prices down once and for all, as opposed to just playing politics with it every single year, then what we’re going to have to do is to develop every single source of energy that we’ve got, every new technology that can help us become more efficient.

We’ve got to use our innovation.  We’ve got to use our brain power.  We’ve got to use our creativity.  We’ve got to have a vision for the future, not just constantly looking backwards at the past.  That’s where we need to go.  That’s the future we can build.

And that’s what America has always been about, is building the future.  We’ve always been at the cutting-edge.  We’re always ahead of the curve.  Whether it’s Thomas Edison or the Wright Brothers or Steve Jobs, we’re always thinking about what’s the next thing.  And that’s how we have to think about energy.  And if we do, not only are we going to see jobs and growth and success here in Cushing, Oklahoma, we’re going to see it all across the country.

All right?  Thank you very much, everybody.  God bless you.  God bless the United States of America.  (Applause.)

10:32 A.M. CDT

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