U.S. President Barack Obama said, the only way to break the cycle of surge in fuel prices is to wean cars and trucks on the fuel for good.
In his address, Obama asked Congress to establish "Energy Security Trust 'to research a number of new technologies for fuel-free vehicles.
Obama also said that oil and gas revenues from public land to provide additional funds for research 'without adding a penny' budget deficits.
Reported by VOA News, President Obama delivered a speech at the Argonne National Laboratory near Chicago, who has conducted groundbreaking research on advanced auto battery technology that reduces the need for oil and gas in the vehicle.
Laboratories were selected for innovative research on advanced battery technology for cars that reduce the need for oil and gas on all cars.
Obama also plans to reserve U.S. $ 2 billion from government revenues in the oil and gas sector to fund more research of advanced vehicle technologies.
Obama said the plan is not just about saving money and the environment, but also about national security.
He said the country's dependence on oil makes the nation dependent on some parts of the world that are often volatile, in this case the question is the Middle East region.
In his address, Obama asked Congress to establish "Energy Security Trust 'to research a number of new technologies for fuel-free vehicles.
Obama also said that oil and gas revenues from public land to provide additional funds for research 'without adding a penny' budget deficits.
Reported by VOA News, President Obama delivered a speech at the Argonne National Laboratory near Chicago, who has conducted groundbreaking research on advanced auto battery technology that reduces the need for oil and gas in the vehicle.
Laboratories were selected for innovative research on advanced battery technology for cars that reduce the need for oil and gas on all cars.
Obama also plans to reserve U.S. $ 2 billion from government revenues in the oil and gas sector to fund more research of advanced vehicle technologies.
Obama said the plan is not just about saving money and the environment, but also about national security.
He said the country's dependence on oil makes the nation dependent on some parts of the world that are often volatile, in this case the question is the Middle East region.
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