Watch Obama Discuss America's Energy Security Live

Tyler Durden's picture

The president is due to address America's energy "security" any minute now. We wonder if he will address the fact that OPEC is set for a bumper export year, generating profits of over $1 trillion for the first time ever. Of course, that is money that will have to be recycled back into US bonds so it is bullish.


The prepared teleprompter remarks are below:

FACT SHEET: America's Energy Security

Rising prices at the pump affect everybody – workers and farmers; truck
drivers and restaurant owners.  Businesses see it impact their bottom
line.  Families feel the pinch when they fill up their tank.  For
Americans already struggling to get by, it makes life that much harder. 
That’s why we need to make ourselves more secure and control our energy
future by harnessing all of the resources that we have available and
embracing a diverse energy portfolio. With an ultimate goal of reducing
our dependence on oil, in the near term we must responsibly develop and
produce oil and gas at home, while at the same time leveraging cleaner,
alternative fuels and increasing efficiency.  And beyond our efforts to
reduce our dependence on oil, we must focus on expanding cleaner sources
of electricity – keeping America on the cutting edge of clean energy technology so that we can build a 21st century clean energy economy and win the future.

Reducing oil imports

In 2008, America imported 11 million barrels of oil a day. 
By 2025 – a little over a decade from now – we will have cut that by

  • Expanding Safe and Responsible Domestic Oil and Gas Development and Production:
    • Implementing critical safety reforms:  In response to the Deepwater Horizon oil
      spill in the Gulf of Mexico, the Obama Administration has launched
      rigorous and comprehensive environmental and safety reforms to ensure
      the responsible development of offshore oil and gas resource
    • Identifying underdeveloped resources:  The
      President asked the Department of the Interior (DOI) to issue a report
      on the status of unused oil and gas leases.  That report showed that 57
      percent of all leased onshore acres and 70 percent of offshore leased
      acres are inactive – meaning that they are neither being explored or
    • Developing incentives for expedited development and production: DOI
      is developing incentives for expedited development of oil and gas
      production from existing and future leases.  For its offshore leasing
      program, the DOI has already begun to employ incentives, including the
      shortening of some lease terms to encourage earlier development, and
      requiring drilling to begin before an extension can be granted on a
      lease.  DOI is also evaluating the potential use of graduated royalty
      rate structures, such as those adopted by the State of Texas, to
      encourage more rapid production.
  • Securing Access to Diverse and Reliable Sources of Energy:  The
    U.S. is acting in the international arena to moderate global oil demand
    and secure additional supplies of liquid fuels and clean energy.  We
    are working with our international partners to increase natural gas
    supplies, replace oil with natural gas in power generation, and increase
    responsible oil production in a manner that ensures safety .  We are
    also increasing sustainable bioenergy production, building a new
    international framework for nuclear energy, and promoting energy
  • Developing Alternatives to Oil, Including Biofuels and Natural Gas:  Some
    of our most effective opportunities to enhance our energy security can
    be found in our own backyard.  We are committed to finding better and
    smarter ways to use these abundant energy resources. That means:
    • Expanding biofuels markets and commercializing new biofuels technologies:  Corn
      ethanol is already making a significant contribution to reducing our
      oil dependence, but increasing market share will require overcoming
      infrastructure challenges and commercializing promising cellulosic and
      advanced biofuels technologies.  To help achieve this goal, the
      Administration has set a goal of breaking ground on at least four
      commercial-scale cellulosic or advanced bio-refineries over the next two
      years. And as we do all of these things, we will look for ways to
      reform our biofuels incentives to make sure they meet today’s biofuels
      challenges and save taxpayers money.  
    • Encouraging responsible development practices for natural gas: 
      The Administration is committed to the use of this important domestic
      resource, but we must ensure it is developed safely and responsibly. To
      that end the Administration is focused on increasing transparency about
      the use of fracking chemicals, working with state regulators to offer
      technical assistance, and launching a new initiative to tap experts in
      industry, the environmental community and states to develop
      recommendations for shale extraction practices that will ensure the
      protection of public health and the environment. 
  • Cutting Costs at the Pump with More Efficient Cars and Trucks:   The
    Administration is building on recent investments in advanced vehicles,
    fuel, technologies, high speed rail, and public transit:
    • Setting historic new fuel economy standards: Standards
      for model years 2012-16 will raise average fuel economy to 35.5 miles
      per gallon by 2016, and save 1.8 billion barrels of oil over the
      lifetime of the vehicles covered. In July, the Administration will also
      finalize the first-ever national fuel economy and greenhouse gas
      emission standards for commercial trucks, vans and buses built in 2014 -
      2018.  These standards will cut oil use and promote the development and
      deployment of alternative fuels, including natural gas.  The
      Administration is also developing the next generation of fuel economy
      and greenhouse gas emission standards for passenger vehicles 2017-2025
      and expects to announce the proposal in September 2011.
    • Paving the way for advanced vehicles:  The
      President has set an ambitious goal of putting 1 million electric
      vehicles on the road by 2015.  To help us get there, the President’s FY
      2012 Budget proposes a redesigned $7500 tax credit for consumers,
      competitive grants for communities that encourage the adoption of
      electric vehicles, and funding for R&D to drive innovation in
      advanced battery technology.  At the same time, the President is calling
      on Congress to move forward with policies that can help unlock the
      promise of natural gas vehicles.
  • Leading by Example With the Federal Fleet.  The
    Federal government operates more than 600,000 fleet vehicles.   We have
    already doubled the number of hybrid vehicles in the federal fleet. 
    Today, the President is calling for administrative action directing
    agencies to ensure that by 2015, all new vehicles they purchase will be
    alternative-fuel vehicles, including hybrid and electric vehicles. 

Innovating Our Way to a Clean Energy Future 

Charting a path  towards cleaner sources of electricity and
greater energy efficiency, and remaining on the cutting edge of clean
energy technology.

  • Creating Markets for Clean Energy:  To move capital
    off of the sidelines and into the clean energy economy – creating jobs
    in the process – we need to give businesses and entrepreneurs a clear
    signal that there will be a market for clean energy innovation.  That’s
    why the Administration is committed to pursuing a Clean Energy Standard
    (CES), an ambitious but achievable goal of generating 80 percent of the
    Nation’s electricity from clean energy sources by 2035 – including
    renewable energy sources like wind, solar, biomass, and hydropower;
    nuclear power; efficient natural gas; and clean coal.
  • Cutting Energy Bills through More Efficient Homes and Buildings: Our
    homes, businesses and factories consume over 70 percent of the energy
    we use.  By making smart investments in energy efficiency in the
    residential, commercial, and industrial sectors, we can improve U.S.
    competitiveness and protect our environment, while saving consumers
    money on electricity bills.  That is why the Administration is on track
    to weatherize 600,000 low-income homes through Recovery Act investments,
    and why we remain committed to a series of policies that increase
    efficiency across sectors – including a HOMESTAR program to help
    homeowners finance retrofits, a “Better Buildings Initiative” to make
    commercial facilities 20 percent more efficient by 2020, and steps to
    promote industrial energy efficiency.
  • Staying on the Cutting Edge through Clean Energy Research and Development:  Through
    the Advanced Research Project Agency-Energy (ARPA-E) program, we have
    invested in over 100 cutting-edge projects in areas ranging from smart
    grid technology, to carbon capture, to battery technology for electric
    vehicles. Past Budgets funded three “Energy Innovation Hubs” that
    explore building efficiency, fuel from sunlight, and nuclear reactor
    modeling and simulation.  The FY 2012 Budget request more than doubles
    funding for ARPA-E and doubles the number of Hubs to include new Hubs
    that will advance smart grid technology, critical materials research, as
    well as batteries and energy storage.

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101 years and counting's picture

"that is money that will have to be recycled back into US bonds so it is bullish."

unless that money is used by the governments to bribe their people from rioting.

AN0NYM0US's picture

does a ZH login work with the White House chat feature / facebook page? Does the NSA participate in the discussions or do they just monitor them?


not to worry I just checked better privacy and via this zerohedge page (I didn't click anything ) just dropped an LSO on my computer (that's a super  or flash cookie for those who don't monitor these things and they are/can be  deposited by Adobe Flash Player which is the player via the White House that Tyler embedded for our viewing pleasure)


more on LSOs

ghostfaceinvestah's picture

speaking of that, when is ZH going to do a story about this:

Pretty amazing story.  Especially this part:

It was also revealed that HBGary Federal was contracted by the U.S. government to develop astroturfing software which could create an "army" of multiple fake social media profiles to manipulate and sway public opinion on controversial issues. This software could also scan for people with points of view the powers-that-be didn't like and then have the "fake" profiles attempt to discredit those "real" people.

Hard1's picture


This is brilliant, after watching these 9 slides post your chances of Obama's capability for reducing dependance on foreign oil

Sudden Debt's picture


What a load of crap. I don't buy that.

but sometimes I am amazed by the speed some people can read a article over here and post a comment 1 minutes after the post appears...

chumbawamba's picture

Who do you think brings all the ad revenues to ZH?

chinaguy's picture


ZH covered the HBGary story a couple of weeks ago, when Anonymous was thumping it's chest saying it was going to "bring down" BAC.


Djirk's picture

I heard ZH was one of the first pilots of this to help drive up the price of silver

AN0NYM0US's picture

what it means is that every single person who opened this ZH article, which contains the embedded video player courtesty of the WH now has a WH flash cookie on their computer that they cannot delete unless they go to the Adobe site or use firefox with better privacy

StychoKiller's picture

In Linux do the following:

ln --symbolic /home/myAccount/.macromedia /dev/null


No more invisible Adobe ™ flash cookies to worry about!

In Fed We Trust's picture

$10 bet that today Obama will bring up natural gas to fuel our cars. All gas stations to be be converted to natural gas.

GM to make the cars run on natural gas.  This has been in the works for a while. But it's the 3rd piece of Obama's agenda.

1. Fianance Reform Fraud.  Check

2. Healthcare reform fraud. Check

3. Energy/Global warming fraud. (Today)

traderjoe's picture

"that is money that will have to be recycled back into US bonds so it is bullish"

that is money that will have to be recycled back into US armaments so it is bullish

There, fixed it for you, TD. 

redpill's picture

Obama discuss?  You mean he'll be facilitating a text-to-speech translation for his teleprompter.

Innocent Bystander's picture

if only we could see the face behind the hand, that moves his mouth..

SokPOTUS's picture

Please note my avatar to see the Man behind the Sok.

spekulatn's picture

BTFD. If that doesn't work, BTFR.


Thank you.


Now fuck off.

I think I need to buy a gun's picture

domestic oil going to be ramped up? thats bullish coming gold ratio.....

Long-John-Silver's picture

Brazil is not a State in the United States of America. I can understand his confusion on this matter after hearing him comment about the 57 States..........

In Fed We Trust's picture

Deep thoughts by Patrick the Painter

I think the concept of a unified New World Order will make geography classes for children all around the world much easier!

DosZap's picture

I'll kiss a monkeys arse when i see these Green Monkeys allow sensible policies at home.

If we were to vigorously start REALLY drilling, tapping, and converting to Nat Gas/Gasoline vehicles( get Ethanol back into Corn,on the table and feed lots), it would lower the food prices a lot, and  OPEC prices a lot.

They do not want us energy independent,if we were their ass would be grass.

Bombs away.

99er's picture

Nikkei Futures

Radiation? What radiation?


Long-John-Silver's picture

No. He has nothing to say I want to hear.

DosZap's picture


Damn puppet,semi pro Golfer, and 24/7/260 day a year vacationer.He should go on the Tour, he would do far better there than playing POTUS.

Although he DOES play one on T.V.

They should name a new T V series after him.

"As the World Burns".

Overpowered By Funk's picture

He has mastered the 'pregnant pause', however.

OpenEyes's picture

He has nothing to say I want to hear.

Exactly!  I didn't watch his speech on TV the other night and I didn't bother to listen to this either.  (I actually turned off the sound on this page, really only came to read the comments.)   I can't believe anything he says anymore and watching/listening to him only reinforces that opinion.  And, this really makes me sad that I can't believe my President any more than I believe TEPCO, or BP, or GE.


tiger7905's picture

Will be interesting what Obama says.

Latest comments from Rick Rule on uranium and energy. Says nuclear power can't go away but could be some good buying opportunities in uranium over the next year. Also see's oil going much higher.

In Fed We Trust's picture

Will be, is interesting that some of you think that these are Obama's words.

That's funny.  What's even more funny, is that policy has already been decided before Obama came to WH.

It's not like Obama sat around with some speech writers drafting ideas from Obama's noggin.

Policy is decided years in advance and it is bipartisan.  After they calculate who the public will vote for as President, they make sure he whens.

The Presidents job is to sell, resell this agenda already drafted up by the globalists.

The better the liar, the better the salesmen, or in this case, the lawyer. 

By that measure Obama has to be one the greatest Presidents America has ever had.

In addition to his Nobel Peace Prize, he should be awarded a Golden Globe, acting award.

Yes and we can call it, "As the World Burns."

Josh Randall's picture

Free puppys and Ice cream for all

Long-John-Silver's picture

His Puppies go up and bite and his ice cream has Japanese radiation.

Cdad's picture

I wonder if he will announce the fact that two thirds of the oil leases in the Gulf of Mexico...are idle?  Ya think he'll say that?  Or do you think he will speak like the biggest oil discovery freak on the planet?  

Hmmmmm?  Truth?  Lie?  That's a tough call...

Mercury's picture

He's going to issue an executive order to override the laws of thermodynamics. 

What a stud.

Sophist Economicus's picture

...He's also gonna require that we all fart in government issued cups and bring them to local methane recycling centers, funded by new BABonds...Should be able to knock off 2% of America's energy requirements

LostWages's picture

Quickly, where can I find one of those cups?




davepowers's picture

they would have to tie me to a chair and tape my eyes open like the sob in Clockwork Orange to make me watch another Obama presser

TruthInSunshine's picture

By limiting speculation in oil to those who would have to take physical delivery, oil would fall to $25 a barrel.

NidStyles's picture

It would be even easier to just raise the margin call's to 100% and to lock them there.

CitizenPete's picture

Are you being distracted? 


PSEG Power's William Levis speaking now on C-SPAN3 on Japan nuclear crisis: 


NOTW777's picture

LOL waste of air. another speech. he s for "creating jobs" and reducing the deficit.

when you are a black liberal president you dont have to accomplish anything - just give a speeech and MSM will clap like seals

anony's picture

Really this is getting ridiculous.  Two weeks ago I was ready to send in another 50 spot for my donation, and then I began to think about all the irrelevance or incessant repetition in too many of Tylers posts.

This POTUS holds no interest at all for me.  His utterances for national consumption either total fabrication, toothless, and impotent.

Until you have some real knowledge to pass on, gleaned from flies on the wall of the Oral Office, or genuine information, the truth, why bother?

All you are doing is acting as another agent of the propaganda machine.


Mercury's picture

You won't think Obama is so toothless when your real net worth is cut and half, everything that matters is more expensive and you can't take a crap without a permit.

I Am The Unknown Comic's picture

with the exception of the "taking a crap without a permit"...I'm already there.  I have to imagine that most americans are already there too....

My plan is to crap in gatoraide bottles, and wrap them in concealing newspaper and toss them in McD's dumpsters.  I should therefore avoid crapping licensing, fees, and permit registrations, while at the same time inflicting regulatory noncompliance with a major corporation.  It will take an awful lot of expensive genetic testing to figure out that it is me, and yet I can still claim that I had to crap in that gatoraide bottle at the McDons because at the moment their restrooms were full and/or inoperable and/or being cleaned by somebody of the opposite sex who can't or won't speak English. 

According to Obama's speech (above) it is clear that my plan is in line with, and supportive of his goals and therefore should be implimented by all patriotic americans.  Isn't life in AmeriCon great? 

Mercury's picture

I'm sorry but you're out of compliance and will be assessed accordingly.

In Fed We Trust's picture

Look at Europe.

Just passed a law banning all gas burning cars in Europe by 2050. 

That's pretty fucking bold. I guess its easy to pass laws that have deadlines 40 years out.

Maybe the US should pass a law that by 2080, everyone will have to spend time up in space station as service to the country?

Or lets pass a law that moves the decimal point on the federal debt, 4 spaces to the left. That way when dont have to increase the debt ceiling. Then in 2050, when can move the decimal point back to it's original spot.

What do you say Geithner?

anony's picture

Keep your eye on the ball, which is the Senior Committee members of Congress.  Men and women who only a tenth of the time or less get on TV to lie.

The place to keep watch is where ALL  the power is: In the Senate, then the House, then the Supremes.

All of which are intentionally more difficult to see in operation, along with the impossible until it's too late, what the Lobbyists from K street are doing behind the scenes.  The POTUS has some power to wage wars, but anything else he is impotent to do anything about.

Who are the Senior Committee members??  Do you know??  It's 5 minutes to midnight, do you know where your Senior Committee members are??


SheepDog-One's picture

No thanks, Id rather have someone shoot blowgun darts into my eyeballs than watch this clown.

Carl Spackler's picture

+1... blowgun darts are much less painful than watching or listening to Politburo Chief Obama wax on about his 5-year plans


As I always say... Better dead than red !




Magic Mamaliga's picture

he's promising to do what RICHARD NIXON, GERALD FORD, JIMMY CARTER, RONALD REAGAN, GEORGE BUSH SR., BILL CLINTON, and GEORGE W. BUSH couldn't do... this is so exciting, i love hope and change!!!

I Am The Unknown Comic's picture

I'm guessing his FBI/CIA code name is "Neocon Trojan Horse"