Earth Equity News

Obama Seeks to Use Oil and Gas Revenues to Develop Alternative-Fuel Cars. By John M. Broder, NYTimes, March 16, 2013. “Warning that the United States risks falling behind in the international race to develop alternative energy, President Obama on Friday proposed diverting $2 billion in revenue from federal oil and gas royalties over the next decade to pay for research on advanced vehicles. Mr. Obama toured a vehicle research facility at Argonne National Laboratory near Chicago and then spoke to employees about his plan, first proposed in his State of the Union address last month, to use oil and gas money to find ways to replace hydrocarbons as the primary fuel for cars, trucks and buses.”