"After years of talking about it, we're finally poised to take control of our energy future. We produce more oil than we have in 15 years. We import less oil than we have in 20 years. We've doubled the amount of renewable energy that we generate from sources like wind and solar -- with tens of thousands of good jobs to show for it. We're producing more natural gas than we ever have before -- with hundreds of thousands of good jobs to show for it. We supported the first new nuclear power plant in America since the 1970s. And we're sending less carbon pollution into the environment than we have in nearly 20 years. . ."So think about this: Just a few years ago, the American auto industry was flat-lining. Today, thanks in part to discoveries made right here at Argonne, some of the most high-tech, fuel-efficient, pretty spiffy cars in the world are once again designed, engineered and built here in the United States. And that's why we have to keep investing in scientific research. . ."We can't afford to miss these opportunities while the rest of the world races forward. We have to seize these opportunities. I want the next great job-creating breakthroughs -- whether it's in energy or nanotechnology or bioengineering -- I want those breakthroughs to be right here in the United States of America, creating American jobs and maintaining our technological lead. . ."So we're making progress, but the only way to really break this cycle of spiking gas prices, the only way to break that cycle for good is to shift our cars entirely -- our cars and trucks -- off oil. That's why, in my State of the Union address, I called on Congress to set up an Energy Security Trust to fund research into new technologies that will help us reach that goal. Now, I'd like to take credit for this idea because it's a good idea, but I can't. Basically, my proposal builds off a proposal that was put forward by a non-partisan coalition that includes retired generals and admirals and leading CEOs. And these leaders came together around a simple idea -- much of our energy is drawn from lands and waters that we, the public, own together. So what they've proposed is let's take some of our oil and gas revenues from public lands and put it towards research that will benefit the public so we can support American ingenuity without adding a dime to our deficit."So these leaders all say we need to fix this. This is not a Democratic idea or a Republican idea. This is just a smart idea. And we should be taking their advice. Let's set up an Energy Security Trust that helps us free our families and our businesses from painful spikes in gas once and for all. Let's do that. We can do it. We've done it before. . ."
Rep. Lummis said, "As Chairman of the Energy Subcommittee and co-chair of the Congressional Western Caucus, I have long advocated for unleashing the energy potential of the American West. A recent report by the Institute for Energy research found that opening new areas on and offshore to energy production could yield the Federal government an additional $24 billion annually and help supply Americans with abundant and affordable domestic energy. It is extremely disappointing that the President's proposalwhich clearly recognizes the revenue potential of these vast resourcesdoes not intend to open up any new lands to expanded production."