Obama on soaring gas prices: No silver bullet
March 1st, 2012
06:08 PM ET

Obama on soaring gas prices: No silver bullet

Nashua, NH (CNN) - As gas prices climb to near $4 a gallon in some areas of the country, President Barack Obama Thursday warned there is "no silver bullet" to relieve the pain at the pump.

The president traveled to Nashua, New Hampshire, in the midst of a snowstorm, to lay out his administration's broad energy objectives. "[T]he key part of this strategy over the last three years has been to increase safe, responsible oil production here at home while also pursuing clean energy for the future.  We don’t have to choose between one or the other, we've got to do both," Obama told the audience.

Highlighting his "all of the above" approach, President Obama pushed for Congress to take $4 billion in tax breaks from big oil companies. "[T]hese companies are making record profits right now - tens of billions of dollars a year,” said Mr. Obama. “Every time you go to the gas tank or fill up your gas tank, they’re making money."

Topics: Gas prices • New Hampshire • President Obama • The News
Obama calls for Congress to vote on oil subsidies
The White House used this chart to argue that their efforts have helped decrease foreign energy consumption.
March 1st, 2012
05:18 PM ET

Obama calls for Congress to vote on oil subsidies

During a visit to Nashua Community College in New Hampshire today, President Obama used visual aids to make a point about the progress his administration has made on the quest for energy independence. Tom Cohen over at CNN Wires has a good write-up of the president's remarks, and check out the chart above that he showed during his speech.

(CNN) - A day after Republicans signaled possible compromise with the White House on energy issues, President Barack Obama called Thursday for Congress to vote in the coming weeks on ending billions of dollars in subsidies for the oil industry.

"Eliminate this oil industry giveaway right away. I want them to vote on this in the next few weeks," Obama told students at Nashua Community College in New Hampshire. "Let's put every single member of Congress on record: You can stand with oil companies, or you can stand with the American people. You can keep subsidizing a fossil fuel that's been getting taxpayer dollars for a century, or you can place your bets on a clean energy future."

Framing the issue as a major challenge for the students' generation, Obama said developing a broad-based energy policy incorporating all sources - oil, gas, nuclear, solar, wind and alternatives such as algae - would take years but was essential for the nation's future economic well-being.

His speech came as gas prices continued to soar around the nation, prompting criticism from Republicans that Obama's policies failed to fully exploit U.S. resources that would help bring down energy costs.

Senate Republican leader Mitch McConnell of Kentucky rejected Obama's call to end the oil subsidies.

Click here for the rest of the story.

Topics: Energy • Gas prices • President Obama
Ready Set Roll
March 1st, 2012
11:52 AM ET

Ready Set Roll

The White House Easter Egg Roll is just around the corner. It is scheduled for April 9th and 35,000 people are expected to attend.

Today the White House announced the theme “Let’s Go, Let’s Play, Let’s Move”. The games and activities are geared to promote the idea of living an active healthy life.

Bo is featured this year on one of the souvenir eggs and The White House has dressed him up in a video promoting the event. (link to video)

A lottery for tickets to the Egg Roll will be open today and close on Monday March 5th at 10am. (link to site)

March 1st, 2012
11:07 AM ET

Obama answers high gas prices with broad energy policy

Nashua, NH (CNN) - With the price of a gallon of gas in snowy Nashua, New Hampshire hovering around $3.75 a gallon, President Barack Obama brings his energy message to this battle ground state Thursday.

A White House official tells CNN the president will lay out the importance to the economy of his "all of the above" approach to energy including drilling, increasing vehicle fuel efficiency and investments in alternative fuels in a speech at the Nashua Community College.

But as Republicans attack the administration's energy policy, blaming it in part for soaring gas prices, Mr. Obama is expected to counter those attacks by highlighting what the White House calls his "strong record of developing new domestic energy sources" and to explain that domestic oil and gas production is now at its highest point since 2003.

But high gas prices are hitting hard at Americans' budgets and could affect a sputtering economy and in turn voting patterns especially in this battleground state, which the president won in 2008.
The administration has refused to speculate if it will consider releasing oil from the Strategic Petroleum Reserve to combat the high gas prices.

The president will also renew his call to repeal subsidies for big oil companies, totaling some $4 billion, while urging Congress to vote on it in the coming weeks, according to a White House official.

With additional reporting from Chief White House correspondent Jessica Yellin

Topics: Energy • Gas prices • President Obama • The News
Morning Briefing March 1
March 1st, 2012
08:39 AM ET

Morning Briefing March 1

The 1600 Report's daily roundup of what the White House is reading this morning online and in the papers:

* Gas 5 bucks a gallon? (NYT)

* White House, Republicans talk compromise (CNN)

* The bank bailout's ugly stepsister...Fannie Mae (Forbes)

* Bernanke: Job market ‘far from normal’ (CNNMoney)

* Bob Kerry wants to come back (Politico)

Topics: Daily Schedule
POTUS heads north for the day to NH and NY
March 1st, 2012
07:58 AM ET

POTUS heads north for the day to NH and NY

Thursday looks to be another day focused on energy and raising money for President Obama. In the late morning the president will travel to Nashua,NH where he will tour Nashua Community College and deliver remarks that the White House says will “focus on American Energy.”

Thursday evening, President Obama will attend four fundraisers in New York.  A Democratic campaign official tells CNN Ralph Schlosstein, president and CEO of Evercore Partners, the big Wall Street investment firm is in fact a host of Thursday's dinner in Manhattan that itself will net the campaign and party at least 2.8 million dollars. In total, the evening's events in New York City will further fill the president's campaign war chest and that of the Democratic National Committee by adding about five and a half million dollars.

full schedule after the jump


Topics: Daily Schedule • Energy • Fundraising