SDPNoticias / NOTIMEX
Washington, 23 Jun (Notimex) .- U.S. President Barack Obama announced today that the country will cease to subsidize four billion dollars annually to the oil companies are making record profits .
sabatino In his message, Obama said that some of these resources will be invested in promoting clean energy generation in the long term.
reiterated that the Justice Department investigates whether the current fuel price increases there is speculation and manipulation, while noting that the United States will also increase its oil production to lower gas prices.
Obama said the current average price of gasoline, more than four dollars a gallon (3.8 liters) is an additional burden when things are already tough enough "for Americans.
In some areas, like San Diego, the price of fuel is approaching five dollars a gallon.
The president said that one of the steps his administration will address high fuel "is to end subsidies to four billion dollars they receive every year the oil and gas companies by the taxpayers" .
"It's about four billion dollars of your money that is given to oil companies at a time when these companies are making record profits and you are paying record prices for fuel. This must end," he said.
commented that "instead of subsidizing energy sources of the past, we must invest in the future: clean, renewable energy, "which he described as" long-term response and the response to help families when they have to buy gasoline. "
stressed that another advantage of investing part of the subsidy to oil companies renewable energy, is "ending the dependence on foreign oil."
The president said his administration has reached "an historic agreement with the major auto companies to increase efficiency with new hybrid technology, with new vehicles that will provide savings fuel.
why Obama said "I disagree with a proposal by Congress to reduce by 70 percent investment in clean energy. "
NTX / MOE / DAS /
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