“So there's no reason we shouldn't be using these renewable fuels throughout America. That's why we're investing in things like fueling stations and research into the next generation of biofuels," the President said. "Over the next two years, we'll help entrepreneurs break ground on four next-generation biorefineries - each with a capacity of more than 20 million gallons per year. And going forward, we should look for ways to reform biofuels incentives to make sure they meet today's challenges and save taxpayers money.”
But will this really save taxpayers money? Obama admitted in his speech that “clean” energy is expensive, and that people will need government "help" in order to comply with energy standards, specifically in their homes.
“A lot of people may not have the money up front,” Obama said outside of prepared remarks. He also stressed that government funding would be critical to carry out his energy policy plan.
Silver lining: the President wasn’t willing to take nuclear energy off the table in light of the events in Japan.
“Now, in light of ongoing events in Japan, I want to say another word about nuclear power,” he said. “America gets one-fifth of our electricity from nuclear energy. It has important potential for increasing our electricity without adding carbon dioxide to the atmosphere. But I'm determined to ensure that it's safe.”
|Katie Pavlich is the News Editor at Townhall.com. Follow her on Twitter @katiepavlich. She is also the author of Fast and Furious: Barack Obama's Bloodiest Scandal and the Shameless Cover-Up.
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Author Photo credit: Jensen Sutta Photography