President Obama Weekly Address: Invest in Energy Production
Saturday, April 30th, 2011
On his weekly radio address to the nation, President Obama called on Congress to stop handing oil companies $4 billion annually in taxpayer subsidies. America’s oil production last year reached its highest level since 2003, but we need to invest in the energy of the future, instead of subsidizing the energy of the past.
“After the worst recession since the Great Depression, our economy is growing again, and we’ve gained almost 2 million private sector jobs over the last 13 months. But I also know that a lot of folks aren’t feeling as positive as some of those statistics might suggest. It’s still too hard to find a job. And even if you have a job, chances are you’re having a tougher time paying the rising costs of everything from groceries to gas. In some places, gas is now more than $4 a gallon, meaning that you could be paying upwards of $50 or $60 to fill up your tank.
Of course, while rising gas prices mean real pain for our families at the pump, they also mean bigger profits for oil companies. This week, the largest oil companies announced that they’d made more than $25 billion in the first few months of 2011 – up about 30 percent from last year.









The Republican Weekly Address was delivered by James Lankford or Oklahoma. He talked about ways the U.S. could expand energy production, reduce costs, reduce dependence on foreign oil, and create more jobs for Americans.
This week, the President celebrated Easter, worked on short term and long term ways to get away from high gas prices, pledged support for Alabama and other states in the South hit by devastating storms and announced new key members of his National Security team.












