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President requests $2 billion for advanced vehicle technologies

GasBuddy Blog -- In Chicago yesterday President Obama asked Congress to set aside $2 billion over the next decade for research, including electric vehicles, batteries, compressed natural gas and biofuels.

Obama had first proposed the idea in his State of the Union address last month, when he called for taking a share of revenue from oil and gas leases on federal lands and placing it in an "Energy Security Trust" fund.

According to the AP, The White House said the "funds would be set aside from royalty revenues generated by oil and gas development in federal waters of the Outer Continental Shelf." The administration would fund the program as "revenues are projected to increase over the next several years..."

The trust "is designed...

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Submitted Mar 16, 2013 By: PD

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honda0105 Champion Author Tallahassee Posts:18,623 Points:1,609,520 Joined:Nov 2008	Message Posted: Mar 30, 2013 1:07:33 PM Ignore honda0105 Report Abuse lyn: problem is, that is put back onto the buyer's price. So in the end, taxpayers pay it anyways.
lyn48 Rookie Author Atlanta Posts:8 Points:23,475 Joined:Jul 2008	Message Posted: Mar 22, 2013 12:18:01 PM Ignore lyn48 Report Abuse I agree with reb4 car manufacturers should pay for this, not tax payers.
honda0105 Champion Author Tallahassee Posts:18,623 Points:1,609,520 Joined:Nov 2008	Message Posted: Mar 21, 2013 12:02:00 AM Ignore honda0105 Report Abuse endy: and in the meantime, you and lots of other Americans have to have the newest iPhone or Samsung S-gazillion or any other hype gadget the minute it hits the market. Which, oh btw, they happen to be made in China. Nicely hypocritical IMNSHO.
phpearso Sophomore Author Indiana Posts:109 Points:136,420 Joined:Mar 2004	Message Posted: Mar 20, 2013 11:44:59 PM Ignore phpearso Report Abuse Buy ECAU!
endymion All-Star Author New York Posts:828 Points:171,705 Joined:Nov 2012	Message Posted: Mar 20, 2013 11:05:11 AM Ignore endymion Report Abuse What's another $2 Billion in Obama's budget? The Chines will own more of our debt, and our Grandchildren will pay it off! More defecit spending, please!
endymion All-Star Author New York Posts:828 Points:171,705 Joined:Nov 2012	Message Posted: Mar 20, 2013 11:02:49 AM Ignore endymion Report Abuse W
honda0105 Champion Author Tallahassee Posts:18,623 Points:1,609,520 Joined:Nov 2008	Message Posted: Mar 20, 2013 5:52:30 AM Ignore honda0105 Report Abuse reb: that's an idea. But then, it's still going to be the taxpayer who has to pay... just a different type of pay (by having to pay higher car prices).
reb4 Champion Author Chicago Posts:19,111 Points:1,822,125 Joined:Sep 2004	Message Posted: Mar 19, 2013 8:08:00 AM Ignore reb4 Report Abuse car manufacturers should pay for this, not tax payers...
honda0105 Champion Author Tallahassee Posts:18,623 Points:1,609,520 Joined:Nov 2008	Message Posted: Mar 19, 2013 6:04:28 AM Ignore honda0105 Report Abuse what's 2 billion in light of the money we wasted over the course of 10 years in Iraq .... and got nothing but lots of dead and wounded soldiers from it. Oh.... the cheap oil and gas? Those prices have gone up too.
RambleOn Champion Author New York Posts:2,375 Points:1,508,700 Joined:Aug 2008	Message Posted: Mar 18, 2013 4:46:51 PM Ignore RambleOn Report Abuse Just for those who should understand the size of 1 TRILLION: (And please check for yourself and forward this data to your representatives and to Obama.) $1 for every one second of time to reach ONE TRILLION: 60 Sec X 60 min = 3,600 X 24 hr = 86,400 per Day X 365.25 = 31 Million 557 Thousand 600 per year (We are barely there) X 100 years = 3 BILLION 155 Million 760 thousand per CENTURY (Still barely there) X 10 (We've gone 1,000 years at $1 per second) = 31 BILLION 557 Million 600 Thousand $31,557,600,000 X 2 (This takes us back in time to just before Jesus Christ's ministry in history 2,000 years ago) = 63 BILLION 115 Million 200 thousand $63,115,200,000 TRAVEL FORWARD TO TODAY, THEN BACK AGAIN = 6,000 YEARS... $189 BILLION 345 Million 600 thousand $189,345,600,000 (Not even a quarter of the way to 1 TRILLION yet) 31,688 Years at $1 per second = 999 BILLION, 997 Million 228 thousand 800 I googled how many years would 1 TRILLION seconds be just to check my own calculations. Yahoo's website had calculations putting us back in time 31,000 years to 29,000 B.C. I changed the denomination from $1 dollar (George Washington) per second to $100 (Benjamin Franklin per second) to get a better understanding: $360,000= 1 Hour. $8,640,000 = 1 Day. $60,480,000 = 1 Week $22,090,320,000 = 1 Year. $1 TRILLION = (roughly) 45 Years + 3 months (Lyndon Johnson was serving as President of the United States 45 years and 3 months ago.) December 1967: The Beatles' Magical Mystery Tour was newly released Dec 8, 1967. "The Graduate," starring Dustin Hoffman & Anne Bancroft, premieres Dec 20, 1967. The U.S. National Deficit is currently 16.701 TRILLION dollars: (Real time link) At $100 (Benjamin Franklin) per second that's 756 YEARS! Obama must secretly be working as a Real Estate agent for China to get China a great deal on ownership of the United States. He sure seems to embrace China's style of governing. [Edited by: RambleOn at 3/18/2013 4:51:20 PM EST]
Dennisjk Champion Author Detroit Posts:6,486 Points:1,925,450 Joined:Apr 2006	Message Posted: Mar 18, 2013 3:55:50 PM Ignore Dennisjk Report Abuse There he goes wasting the taxpayer's money again.
BurtB Champion Author Los Angeles Posts:5,171 Points:1,366,315 Joined:Jun 2006	Message Posted: Mar 18, 2013 2:37:47 PM Ignore BurtB Report Abuse Wrong DutchTreatMI, Obama wants more money for his friends and supporters. The Progressives pretend they are out for the common man, then they help their friends get rich. Look at the current problem in Cypress. The EU is balancing their budget on the backs of the small investor, so that Russians and others who have looted, have an off shore account they can use as a tax haven. That will always be the problem with crony capitalism (from either side). The wrong economic decision will be made, because someone else's money is being used.
EssexAdri Champion Author Jacksonville Posts:1,149 Points:280,690 Joined:Jul 2010	Message Posted: Mar 18, 2013 2:33:50 PM Ignore EssexAdri Report Abuse politicians are supposed to manage the government not businesses. this is exactly why our economy is going into the toilet. too many politicians trying to use their office to make a profit for themselves on the side, by networking and granting political favors instead of actually doing their jobs.
DutchTreatMI Champion Author Grand Rapids Posts:3,310 Points:751,690 Joined:Mar 2011	Message Posted: Mar 18, 2013 2:31:32 PM Ignore DutchTreatMI Report Abuse Obama always wants more money for his pet projects that have all crashed and burned so far.
Teamgabriel Veteran Author Boise Posts:277 Points:71,050 Joined:Jan 2013	Message Posted: Mar 18, 2013 2:29:20 PM Ignore Teamgabriel Report Abuse The USA is not an auto co and should stay out of private enterprise. Use the money to pay down the deficit
patino007 Sophomore Author Dallas Posts:203 Points:69,405 Joined:Mar 2013	Message Posted: Mar 18, 2013 2:28:36 PM Ignore patino007 Report Abuse I want 2 billion
Julassa Veteran Author Akron Posts:335 Points:109,260 Joined:Oct 2012	Message Posted: Mar 18, 2013 2:27:20 PM Ignore Julassa Report Abuse Why?
SmartShopper520 All-Star Author Ontario Posts:508 Points:73,195 Joined:Feb 2013	Message Posted: Mar 18, 2013 2:26:30 PM Ignore SmartShopper520 Report Abuse money, money, money ... spend, spend, spend accountability anyone!!
bginsj Champion Author San Jose Posts:1,868 Points:1,234,635 Joined:May 2009	Message Posted: Mar 18, 2013 2:24:13 PM Ignore bginsj Report Abuse interesting
LongPlay Champion Author Albuquerque Posts:4,243 Points:1,240,050 Joined:May 2008	Message Posted: Mar 18, 2013 2:22:50 PM Ignore LongPlay Report Abuse Congress needs to get us out of this insane waste of our limited tax dollars!
Tralp All-Star Author North Carolina Posts:802 Points:190,470 Joined:Oct 2012	Message Posted: Mar 18, 2013 2:19:04 PM Ignore Tralp Report Abuse ok
gws2980 Champion Author Philadelphia Posts:2,181 Points:501,115 Joined:Oct 2010	Message Posted: Mar 18, 2013 2:17:52 PM Ignore gws2980 Report Abuse I am not voting for that
satrn38mpg Champion Author Raleigh Posts:5,067 Points:1,053,040 Joined:Sep 2009	Message Posted: Mar 18, 2013 2:15:00 PM Ignore satrn38mpg Report Abuse another old story >>
LSU_TIGERS_dmb Champion Author Louisiana Posts:1,714 Points:620,770 Joined:May 2011	Message Posted: Mar 18, 2013 2:14:56 PM Ignore LSU_TIGERS_dmb Report Abuse but close the White House to kids
Tripacer Sophomore Author Michigan Posts:203 Points:88,935 Joined:Apr 2011	Message Posted: Mar 18, 2013 2:11:03 PM Ignore Tripacer Report Abuse Moron!!
pbalmeo All-Star Author Los Angeles Posts:890 Points:187,340 Joined:Aug 2011	Message Posted: Mar 18, 2013 2:09:05 PM Ignore pbalmeo Report Abuse Ok.
spunky4443 Champion Author Washington Posts:5,281 Points:1,329,695 Joined:May 2005	Message Posted: Mar 18, 2013 2:08:26 PM Ignore spunky4443 Report Abuse Sounds like a good idea to me.
oldiesman Champion Author New York Posts:6,427 Points:2,193,960 Joined:May 2006	Message Posted: Mar 18, 2013 2:07:46 PM Ignore oldiesman Report Abuse Old news?
Kato51 Champion Author Atlanta Posts:7,265 Points:2,164,765 Joined:Jul 2005	Message Posted: Mar 18, 2013 2:04:15 PM Ignore Kato51 Report Abuse Would someone tell him we don't have the money.
ACTown Champion Author Oregon Posts:2,347 Points:1,429,605 Joined:Jun 2007	Message Posted: Mar 18, 2013 2:03:20 PM Ignore ACTown Report Abuse He is always wanting more spending of my money.
TRAIN RIDER Champion Author San Bernardino Posts:9,082 Points:2,757,820 Joined:Oct 2004	Message Posted: Mar 18, 2013 2:02:27 PM Ignore TRAIN RIDER Report Abuse How many days do we need to see this article?
bearzz Champion Author California Posts:1,427 Points:418,695 Joined:Mar 2011	Message Posted: Mar 18, 2013 2:00:51 PM Ignore bearzz Report Abuse Ditto on the wasted taxpayer money...should be private enterprise.
goinwgas All-Star Author Oregon Posts:868 Points:232,350 Joined:Jun 2012	Message Posted: Mar 18, 2013 1:57:25 PM Ignore goinwgas Report Abuse it's up to the republijerks to say yea or nay
WilW Champion Author Atlanta Posts:12,218 Points:2,671,905 Joined:Aug 2004	Message Posted: Mar 18, 2013 1:57:20 PM Ignore WilW Report Abuse Old news, but still GOOD FOR POINTS!
Hugo40 Champion Author Kentucky Posts:7,629 Points:1,617,980 Joined:Aug 2008	Message Posted: Mar 18, 2013 1:56:08 PM Ignore Hugo40 Report Abuse Requests are easy, harder to pay for them.
kymechanic All-Star Author Kentucky Posts:905 Points:573,790 Joined:Mar 2011	Message Posted: Mar 18, 2013 1:56:01 PM Ignore kymechanic Report Abuse More wasted tax payers money.
crashintuc34 Champion Author Tucson Posts:4,047 Points:811,665 Joined:May 2010	Message Posted: Mar 18, 2013 1:52:14 PM Ignore crashintuc34 Report Abuse Why not? It's not his money.
ntass1 Champion Author Edmonton Posts:3,795 Points:728,025 Joined:May 2011	Message Posted: Mar 18, 2013 1:51:21 PM Ignore ntass1 Report Abuse old post.
spmaudio Champion Author Chicago Posts:3,734 Points:723,165 Joined:Jan 2009	Message Posted: Mar 18, 2013 1:50:30 PM Ignore spmaudio Report Abuse @ 1Dano1: Ridicules? Or ridiculous? :-)
1Dano1 Champion Author Kansas Posts:10,848 Points:1,763,030 Joined:Jul 2006	Message Posted: Mar 18, 2013 1:49:15 PM Ignore 1Dano1 Report Abuse Ridicules
HEBster Champion Author Kentucky Posts:8,788 Points:2,374,025 Joined:May 2006	Message Posted: Mar 18, 2013 1:49:09 PM Ignore HEBster Report Abuse Not with my $$
MDTDriver Champion Author California Posts:9,724 Points:2,155,395 Joined:Jul 2006	Message Posted: Mar 18, 2013 1:48:16 PM Ignore MDTDriver Report Abuse Just more tax money down the drain.
Toppers Champion Author Atlanta Posts:9,012 Points:2,470,695 Joined:Mar 2005	Message Posted: Mar 18, 2013 1:46:17 PM Ignore Toppers Report Abuse Private companies need to take the lead.
WaWanderer Champion Author Washington Posts:4,337 Points:585,950 Joined:Oct 2011	Message Posted: Mar 18, 2013 1:45:45 PM Ignore WaWanderer Report Abuse If you have money you should pay your bills.
cobbwebb Champion Author New Hampshire Posts:1,624 Points:544,770 Joined:Sep 2011	Message Posted: Mar 18, 2013 1:45:32 PM Ignore cobbwebb Report Abuse huhh, he's not getting my $2 billion
tomok Champion Author Portland Posts:33,011 Points:2,345,510 Joined:Aug 2006	Message Posted: Mar 18, 2013 1:44:42 PM Ignore tomok Report Abuse President requests $2 billion for advanced vehicle technologies and 'Spending Gone Wild' Sneeky can't stop spending taxpayer money we don't have! Time to put a stop to all this nonsense supporting EV's, Inbreds, special batteries and many other items that will never be used like they want it to be used! Take care of the out of control federal debt and restore some sanity to this country! Read my lips: No More Spending! Stop reinventing the wheel!!! Can't wait for Sneeky to fade away like it was an eight year nightmare! The sooner, the better! 'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down! Drive vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high!
hank1326 Champion Author Los Angeles Posts:8,909 Points:1,733,585 Joined:Jun 2008	Message Posted: Mar 18, 2013 1:43:39 PM Ignore hank1326 Report Abuse No more government freebies please!!!
jad1960 Champion Author Gary Posts:1,540 Points:402,450 Joined:Feb 2012	Message Posted: Mar 18, 2013 1:43:13 PM Ignore jad1960 Report Abuse Th country just keeps spiralling down with Obama who voted for this idiot.
RambleOn Champion Author New York Posts:2,375 Points:1,508,700 Joined:Aug 2008	Message Posted: Mar 18, 2013 1:42:57 PM Ignore RambleOn Report Abuse "We the People” request you get a budget passed and live within the funds we have as a nation.
Tucker16 Champion Author Ottawa Posts:1,159 Points:543,930 Joined:Jul 2006	Message Posted: Mar 18, 2013 1:42:41 PM Ignore Tucker16 Report Abuse Government should create the conditions and incentives for the private sector to develop these technologies! Subsidies almost never work out.