There are no quick fixes to the nation’s eneergy problem, the president said, dismissing Republican calls for more drilling as a “bumper sticker.”
“We’re making new investments in the development of gasoline and diesel and jet fuel that’s actually made from a plant-like substance — algae,” the president said at a campaign stop in Florida. “You’ve got a bunch of algae out here, right? If we can figure out how to make energy out of that, we’ll be doing all right.”
Obama said the nation could replace up to 17 percent of the oil it imports for transportation with “this fuel that we can grow right here in the United States. And that means greater energy security. That means lower costs. It means more jobs. It means a stronger economy.”
Read more about his plan.