Obama's Weekly Address: America's Energy Independence

The president discusses the nation's increased production of oil, renewable sources of energy.
3:30 | 03/16/13

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Transcript for Obama's Weekly Address: America's Energy Independence
Hi everybody. As a nation our top priority is growing our economy and creating good middle class jobs. That's why this week I'm speaking -- you -- -- argon national laboratory in available because. Few areas hold as much promise as what they're focused on right here. Harnessing American energy. You -- after years of talking about it we're finally poised to take control of our energy future. We produce more oil than we have in fifteen years. We import less oil that we have a twenty years. We've doubled the amount of renewable energy we generate from sources like wind and -- with tens of thousands of good jobs to -- -- Were producing more natural gas than ever before with hundreds of thousands of good jobs to show for. We supported the first new nuclear power plant since the 1970s. And we're sending less carbon pollution into the environment that we have -- nearly twenty years. So we're making real progress. But over the past few weeks we've got a reminder that we have more work to do. We went through another spike in gas prices just like last year and the year before that it happens every year. The serious blow to your budget -- getting hit with a new tax coming right out here -- Over the past four years as part of our all of the above energy strategy we've taken steps to soften that blow by making sure our cars use less gas. We put in place the toughest fuel economy standards in our history so the by the middle the next decade our cars will -- twice as far Miguel only gets. Over the life of a new car the average family will save more than 8000 dollars at the -- But the only way we're gonna break the cycle of spiking gas prices for good is to shift our cars and trucks off of oil for good. That's why might -- the union address I call on congress to set up. And energy security trust to fund research -- new technologies. That will help us reach that goal. Here's out war. Much of our energy is drawn from lands waters that we the public owned together. So I'm proposing that we take some of our oil and gas revenues for public lands and put it toward research that will benefit the public. So we can support American ingenuity without adding a dime toward deficit. We have sports scientists were designing new engines that are more energy efficient. Developing cheaper batteries to go farther on a single charge and devising new ways to fuel our cars and trucks -- new sources of clean energy. Like advanced biofuels and natural gas so drivers can one day go coast to coast without using a drop of war. -- this ideas in mind. It actually builds off a proposal put forward by a non partisan coalition of CEOs. And retired generals and admirals. So let's take their -- and free our families and our businesses from painful spikes in gas prices once and for all. And in the meantime let's keep moving -- on and all of the above energy strategy. A strategy where we produce more oil and gas here at home but also more biofuels and fuel efficient vehicles more solar power and wind power. -- strategy where we put more people to work building cars homes and businesses that waste less and we could do this we're Americans and what we commit ourselves to something there's no telling how far will go. Thanks and -- we --

This transcript has been automatically generated and may not be 100% accurate.

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