March 12th, 2012
09:57 AM ET

Obama defends energy record

President Obama is defending his efforts on energy in a new written statement:

The progress report I received today from members of my administration underscores the headway our nation has made towards reducing our reliance on foreign oil, while also expanding American made energy. As the report highlights, we have made progress, with imports of foreign oil decreasing by a million barrels a day in the last year alone. Our focus on increased domestic oil and gas production, currently at an eight year high, combined with the historic fuel economy standards we put in place, means that we will continue to reduce our nation’s vulnerability to the ups and downs of the global oil market. We’ve also made progress in the expansion of clean energy, with renewable energy from sources like wind and solar on track to double, along with the construction of our first advanced biofuel refineries. And yet, despite the gains we've made, today's high gas prices are a painful reminder that there's much more work to do free ourselves from our dependence on foreign oil and take control of our energy future. And that’s exactly what our administration is committed to doing in the months ahead.


Topics: The News

soundoff (21 Responses)
  1. ThatsIt21

    So as we see this 'progress' being made, we see gas prices rising. I wonder if there is a correlation. I am also curious as to what the administration thinks the timelines are for ‘eliminating our reliance on foreign oil’, 5/10/20/50 years? And what are people to do while we await this yet to be defined amount of time?

    March 12, 2012 at 10:25 am |
  2. Tea Party Slayer

    The choices are stark in 2012 –

    The Republicans continuing billions in oil subsidies and tax cuts for rich versus the Democrats balancing the tax code and investing in middle-class workers and all forms of energy.

    March 12, 2012 at 10:27 am |
    • B Ammon

      Youmst have been listening to the republican debates and gotten confused??

      March 12, 2012 at 10:29 am |
    • Steveo

      TPS,

      Do you really think ANYONE is going to mess with oil subsidies? The president addressed it but the Dem led Senate and the GOP led House are awefully quiet (other than McConnell, who flat out rejects it). Too much political money involved! As far as balancing the tax code, the dems had the opportunity when Pelosi led the house and nothing was done about it! Rangle was in charge of the Ways and Means Committee (in charge of the tax code) and other than having his own tax problems did nothing! Keep hope alive!

      March 12, 2012 at 10:34 am |
      • Name*Liz Carter

        Good post Steveo...I have to agree. However, the fact that the President has even addressed the issue of oil subsidies going awry...and that we should stop giving them 'welfare' speaks volumes! The fact that he continues to say everybody needs to pay their fair share in taxes, using his ownself as an example speaks volumes to truth-seekers! What President has even had the nerve to broach those issues like that? None that I can remember. If we could just get rid of those in Congres who have their hands in the 'cookie jars' and feel an allegiance to BIG OIL, BIG PHARMA, and BIG CONTRACTURAL WAR-MONGERING, and put some honest-to-goodnes REAL AMERICANS in their places, who really and trully care about 'we the people'...people who aren't beholding, nor connected to those lobbyists and there profiteers; people who aren't 'insiders' with connections or addicted to the greed and easy money; people who ARE brand new, coming from non-experience, non-commitments, non-experience even but wiilling to sit down, use the common sense God gave them to add 1 2 and come up with 3!! America would be waaay better off and 'change would really be coming'! Like Obama says...it's basic math!! It's simple!! That's if the countrys' welfare really means something to them. The people in this country have made so many wealthy. If I was one of them, I'd be just like Warren Buffet. I wouldn't think twice about serving my country who made me rich, by helping to make sure that it continues to be financially stable enough to keep on making me rich. Many Americans have fought, died and been lamed 'serving the country', and its' 'vital interests'. Many wealthy are exempt or don't even have to go! They could at the least 'serve their country' back here at home, not on the battlefields, but in their big corporate offices, by paying their fair share of taxes! Their money in lieu of their service, so to speak. Why is it so hard for the Republicans and even some DEMS to see that there's nothing cynical or wrong with those who have been made 'rich' by this country invest in this country?? Why is that so hard to understand? Are they that mentally challenged or is it that they just refuse to acknowledge the 'billboard truth' starring them in the face?? Do they think that by denouncing and denying the option will make the truth of it go away?? It is the stupidest thing I've seen yet! 'To whom much is given, much is required'...Period!! HELLO!! To all of the Bible-thumping 'Christians' 'Santorums' and greedy spinmeisters, what about that?? Thankyou for your comment Steveo...I agree!

        March 12, 2012 at 2:22 pm |
      • Steveo

        Hi Liz,

        There is but one thing that prevents big business from paying their fair share. That is the current tax code. So many loop holes that Congress, whether left or right does not seem to have courage to even address it! Pelosi did not and neither is Boehner! Sadly it takes expert tax lawyers to figure out how not to pay taxes. Corporations have the money to hire them and not folks like me. The right blames the left and the left blames the right. The truth is no matter who was/is the majority, NOTHING was done about the tax code and I see no one even addressing it!

        March 12, 2012 at 4:00 pm |
      • Nabi

        The card from Penfed (Pentagon Federal Credit Union) Visa Platinum Gas Cash Reward card beats Discover, because it pays 5% chaabsck on gas without a monthly limit. It also pays 1.25% chaabsck on all other purchases, which also beats most other chaabsck cards. Discover limits their 5% rebate to the first $1200 of gas purchases a year, so if you spend more than $100/month on average on gas, your Discover rebate won't last all year.Make sure you pay at the pump if you go inside, you may not get the rebate. This applies to all gas rewards credit cards.

        April 2, 2012 at 11:22 pm |
  3. B Ammon

    I see no plan– Yo can;t tell me your goals in 5, 10, 25 , 50, 100 years. Which means you just threw money (mine) at the problem. Sorry but your party is now guilty of spin that borders on lies. I have no faith!

    March 12, 2012 at 10:28 am |
  4. RealityBites

    Ridership on mass transit reaches second highest level since 1957 as gas prices soar..

    March 12, 2012 at 10:31 am |
  5. RealityBites

    The February Treasury Budget report is expected to show a deficit of $229 billion, up from $222.5 billion in February 2011.

    March 12, 2012 at 10:52 am |
  6. demwit

    I smell another Obama oil release.., not that more US oil on the market effects global oil prices, eyes rolling.

    March 12, 2012 at 11:00 am |
  7. The REAL Truth

    hmmm, rig count in the Gulf is up – 44 now versus the 25 when the spill happened. But Big Oil doesn't really want to find oil, to make available do they? They want to find it and LOCK IT IN! That way they can continue to ensure the inflated (read "speculated") price stays high, as does our gas price. And, if anyone bothered to read up on the reasons behind the XL pipeline, it WILL NOT decrease gas prices and the Canadian oil being transported is FOR EXPORT. The pipeline WOULD create short term jobs during construction, but the objective is to give the Canadian oil a "shorter trip to market at a higher price than currently available". And that benefits the US how ?

    March 12, 2012 at 11:26 am |
  8. judy

    the president has made great strides in adding domestic oil. The repos talk a good story but know that they have no control over oil prices. Newt can carry his little gas can all over and we won't get 2.00 gas. Mitt has no clue annd rick would have us just go bomb iran and get oil. Best check an see which repos own oil stock. You might be surprised how many are making a killing right now.

    March 12, 2012 at 11:34 am |
    • Steveo

      NO dems own stock in oil?

      March 12, 2012 at 11:39 am |
  9. Joi Gibson

    Unfortunately, presidents get blamed for gas prices even though they really have nothing to do with the price of gas. I never blamed ANY president for gas prices. It just does not make any sense. But then again, sense sometimes play no role in how people feel. I heard one lady here in West Palm Beach complain about the price of food going up and said "we need a new friggin president." Well folks, there you have it. It's just another excuse to blame this president for all the ills in the world because they simply despise the man.. There is no such thing as the "global" demand. speculation, Iran. Nope, only Americans use gas and therefore it's President Obama's fault that gas prices are going up. You could be living in the the United Kingdom where the price of gas is over $6.00 or in Demark (?) where the price of gas is almost $10. But really, it does not matter what the facts are, there is a certain segment of the population that will find fault with this president, no matter how wrong they are.

    OBAMA/BIDEN/FIRST LADY MICHELLE 2012!!!

    March 12, 2012 at 12:04 pm |
    • C-Lo

      Just out of curiosity Joi–you say you never blamed ANY president for oil/gas prices–did you correct any of the liberals when they did this during the Bush Presidency, or were you silent?

      For the rest of you railing against oil subsidies, are you prepared for every single item you purchase to rise in costs? Like it or not, oil and gas (including natural–which many of the big oil companies have their hands in too) are what drive this country. You say you won't mind if gasoline prices rise to 6, 7, 8 dollars a gallon, but guess who you are hurting.

      If you guessed the middle and lower classes you would be spot on. Who has to drive every day to work, or take public transportation (whose costs woudl subsequently rise)? Who's budgets are tied to how much it costs to fill their tanks? Who cannot afford to go out and buy a new hybrid/electric vehicle–even at gov't subsidized prices? Who's food bills will skyrocket because the costs for cultivating and brining to market the food will soar? Answer, lower class.

      Who will cut back on all discretionary purchases? Who will stop traveling? Who will stop eating out? The middle class–driving more lower class to unemployment because their industries are dependent on middle class spending.

      Who has hedged their bets and will profit regardless? The rich.

      So keep asking for an end to subsidies. Keep hoping for higher oil/gas prices. Keep rooting against those who rely on these "subsidized" prices. Obama has been.

      March 12, 2012 at 4:39 pm |
      • jean2009

        Are you going to correct every right wing nut?

        March 15, 2012 at 1:40 pm |
  10. Mike Texoma

    Certainly we are less dependent on foreign oil than we were a few years ago. Certainly production is up. More American drilling rigs are drilling oil/gas wells than in several prior years.. We are told this administration is holding back on drilling permits and refusing to open federal lands to exploration. I expect that the slowdown in permits pertains to deep water driling and the reason for that is the effort to regulate effectively the additional risks that are associated with it. The assumption that it was safe blew out with BP's well. And I am sure there are other environmental concerns at work in regard to opening additional federal lands. Fact is, it takes years and years and years to develop new mineral lands, and much of what has already been opened is not being actively developed. So, this whole thing about Obama's energy policy driving gas prices higher is nonsense.

    If Newt just wants to drill, drill, drill, then I think he needs to talk to the private sector, the oil companies, about putting additional safeguards in place for deepwater drillling, because that is what it is going to take, and about getting some new rigs operating in the federal lands they already have.

    I do not believe that what we need to do to lower gas prices is to start another war in the Middle East

    March 12, 2012 at 12:20 pm |
  11. Ivan

    What has to happen, is that control need to be put in place on these rising gas prices.

    Otherwise explain to me why when gas jumps .25-.45 a day in the US then in Europe it only jumps .1-.4 cents

    The gas industry and what they can charge is controlled as a utility all throughout Europe and much of the world.

    Not this free market BS that we are having to deal with.

    Just like this the pharmaceutical companies. We pay $125 for a $28 prescription.

    We are getting ripped off by Corp greed.

    March 12, 2012 at 1:55 pm |
  12. James Hovland

    Three extremely difficult, ridiculously painful and time consuming steps to true energy independence.

    1. Wean our electrical grid and heating requirements off of both gas and oil by whatever means necessary to free up those resources for transportation.

    2. Between reducing our oil and gas consumption in step one and additional production, completely eliminate our reliance on foreign oil.

    3.Remove all our energy resources from the global market to free us from market volatility and achieve true energy independence.

    Estimated time frame. Depends on how serious we are, who we vote for, and how much environmental damage we're will to accept. If the entire project was tackled by our military and associated industry with the same vigor and funding as we wage war, I think 3 to 5 years would be a reasonable estimate. Regardless of what approach we take, it's not going to be easy and we're going to have to do it with at least one finger in the air.

    March 12, 2012 at 3:49 pm |
  13. jlfliberty

    Those who argue against American oil self reliance selfish proponents of American war in the Middle East protecting oil supply lines and a violent and shaky future for our children. America needs a reality check and stop listening to the lies from the left for the last 30 years, According to the from Institute for Energy Research released December 6, 2011 we can produce enough oil to outperform OPEC. The infrastructure for Natural Gas powered or the technology for acceptable long distance electric powered vehicles DOES NOT EXIST right now. You cannot drive from one end of a Big city to get to work and get home in an electric car. Try and drive Natural gas powered auto around Atlanta (Big City) and you will find "literally a few stations" and they are government filling sites not available to the public. Electric, wind, Natural Gas and Solar are good ideas but are not ready for prime time and so far it doesn't work. Focus on the truth/reality of oil until we can implement infrastructure and actually have the technology to somewhat wean from oil.

    March 13, 2012 at 12:56 pm |