By Rebecca Leber
Following President Obamas all-the-above energy speech last Thursday, conservatives have ignored the speech and instead latched onto a single point about investing $14 million in algae-based biofuel research. Believe it or not, we could replace up to 17 percent of the oil we import for transportation with this [algae] fuel that we can grow right here in the United States, Obama said.
Newt Gingrich said the presidents comments are worthy of Leno or Letterman. The same candidate who wants moon colonies during his presidency attacked the president for a weird technology both Republicans and their industry allies have endorsed.
By mocking the president, conservatives ignore a history of party leaders and their industry allies endorsing algae research.
Republicans from Rep. Mike Pence (R-IN), Rep. Darrell Issa (R-CA) to Sen. Mike Johanns (R-NE) have requested Department of Energy grants for algae research. All three lawmakers wrote that algae investments would reduce Americas oil use. For instance, Johanns wrote that an algae biotechnology center would develop technology to decrease our dependence on imported oil.
Republican allies in the oil industry have also invested in algae, including No. 1 oil lobbyist ConocoPhillips and ExonMobil, which sunk $600 million in algae biofuel research.
On energy, the administration is doing far more than budgeting for biofuel research. The White Houses FY 2013 budget provides billions for R&D and manufacturing in clean energy technologies, while higher fuel economy standards will reduce U.S. oil consumption by more than 2 million barrels per day. Meanwhile, under Obama, domestic production of oil has reached record levels of quadruple the drilling rigs over the past three years.
More: Republicans Sought Algae Research Grants From Obama, Now They're Attacking Him For It
Big Oil Sees Promise in Pond Scum - CNBC
Exxon Sinks $600M Into Algae-Based Biofuels in Major Strategy Shift - NYTimes.com