[President Barack] Obama, expanding on an initiative he addressed in his State of the Union speech last month, said the United States must shift its cars and trucks entirely off oil to avoid perpetual fluctuations in gas prices. Citing policies that already require automakers to increase gas mileage, he said he expects that by the middle of the next decade, Americans will only have to fill up their cars half as often.
"We've set some achievable but ambitious goals," Obama said, speaking at Argonne National Laboratory outside Chicago
"The only way to 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," the president said.But he loves the sinners;
The initiative, proposing to spend $200 million a year on research, would be paid for with revenue from federal oil and gas leases on offshore drilling and would not add to the deficit.