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Energy Security Trust

Obama Wants Oil Alternatives

March 17, 2013 in batteries, NGVs, Technology by Rich Piellisch  |  No Comments

New Oil Lease-Backed Energy Security Trust to Pay for R&D

President Obama has proposed to pay for research into alternative fuels and new energy systems out of a new Energy Security Trust, which would itself be funded by about $2 billion over ten years from off shore oil lease revenues. Natural gas for trucks gets specific mention, as does speedier permitting for domestic energy production.

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