Skip to main content

Energy Security Trust to bolster clean energy research

U.S. President Barack Obama on Saturday called on Congress to support establishing the so-called Energy Security Trust to bolster clean energy research in the U.S. and help shift cars and trucks off oil.

"I'm proposing that we take some of our oil and gas revenues from public lands and put it towards research that will benefit the public, so that we can support American ingenuity without adding a dime to our deficit," Obama said in his weekly address from the Argonne National Laboratory in Illinois, where he on Friday touted the 2-billion-dollar Energy Security Trust to reduce dependence on oil and create new jobs.

The energy research fund can support scientists devising new ways to fuel cars and trucks with new sources of clean energy "so drivers can one day go coast-to-coast without using a drop of oil", Obama said.

According to a "blueprint for a clean and secure energy future" Obama's administration unveiled on Friday, the energy research fund will support breakthrough research into a range of cost- effective technologies, such as advanced vehicles that run on electricity, homegrown biofuels, fuel cells, and domestically produced natural gas.

"It's actually built off a proposal put forward by a non- partisan coalition of CEOs and retired generals and admirals. So let's take their advice and free our families and our businesses from painful spikes in gas prices once and for all," Obama noted.

Comments

Popular posts from this blog

Detonators in Hebei, China

The death toll has risen to eight after Saturday's explosion triggered by detonators illegally manufactured and stored at a residential building in north China's Hebei Province, local authorities said Monday. Five more bodies were retrieved while rescuers were clearing the debris in the city of Baoding, the city government said in a statement late Monday. Another 27 people are still under treatment in hospital, it added. Two suspects, a 38-year-old man surnamed Ge and his 42-year-old girlfriend, turned themselves in to police Monday noon in the eastern province of Anhui. Ge and two relatives started producing detonators in 2009. Due to poor sales, the three stored unsold detonators at a house of the six-storey building in Dongwuyao Village. The explosion that occurred Saturday afternoon toppled part of the building and also shattered the glass windows of buildings 200 meters away.

Buried Treasures in Bohol Philippines

Written by Joe Espiritu       Four persons died in a treasure hunting accident last week. They died for nothing. Many had lost their shirts in the venture, the propensity for Filipinos to get rich quick attribute to the treasure hunting mania. The sad part is that only the ignorant venture on the search, those in the know, being sure that nothing will come out of the effort would not think of investing money, time and effort – this time lives – in a fruitless enterprise.        There had been stories of people getting rich uncovering treasure troves in unlikely places. Most stories are false. Ancient graves of archeological and anthropological value had been desecrated by treasure hunters. They had found nothing. Those people may have struck it rich but not from some hidden riches. Contrary to what other people say, there are no buried treasures in Bohol . If there had been, they were unearthed years ago.         If one ...

Fast Website Speed Affects Google Search Ranking

Over the course of 2009, a consistent theme that Google has been involved with is that of speed. In announcement after announcement, Google has talked about the importance of speed on the web, and how the company wants to do everything it can to make the web a faster place. Has it occurred to you that how fast your page loads may have a direct effect on how your site ranks in Google?  Don't worry, it hasn't had an impact...yet. In an interview with WebProNews , Google's Matt Cutts told us that speed may soon be a ranking factor.  "Historically, we haven't had to use it in our search rankings, but a lot of people within Google think that the web should be fast," says Cutts. "It should be a good experience, and so it's sort of fair to say that if you're a fast site, maybe you should get a little bit of a bonus. If you really have an awfully slow site, then maybe users don't want that as much." "I think a lot of people in 2010 are g...