President ObamaThat's why my administration will consider potential areas for development in the mid and south Atlantic and the Gulf of Mexico, while studying and protecting sensitive areas in the Arctic. That’s why we’ll continue to support development of leased areas off the North Slope of Alaska, while protecting Alaska’s Bristol Bay.
There will be those who strongly disagree with this decision, including those who say we should not open any new areas to drilling. But what I want to emphasize is that this announcement is part of a broader strategy that will move us from an economy that runs on fossil fuels and foreign oil to one that relies more on homegrown fuels and clean energy. And the only way this transition will succeed is if it strengthens our economy in the short term and the long run. To fail to recognize this reality would be a mistake.
On the other side, there are going to be some who argue that we don’t go nearly far enough; who suggest we should open all our waters to energy exploration without any restriction or regard for the broader environmental and economic impact. And to those folks I’ve got to say this: We have less than 2 percent of the world’s oil reserves; we consume more than 20 percent of the world’s oil. And what that means is that drilling alone can’t come close to meeting our long-term energy needs. And for the sake of our planet and our energy independence, we need to begin the transition to cleaner fuels now.
So the answer is not drilling everywhere all the time. But the answer is not, also, for us to ignore the fact that we are going to need vital energy sources to maintain our economic growth and our security. Ultimately, we need to move beyond the tired debates of the left and the right, between business leaders and environmentalists, between those who would claim drilling is a cure all and those who would claim it has no place. Because this issue is just too important to allow our progress to languish while we fight the same old battles over and over again.
<...>
So moving towards clean energy is about our security. It’s also about our economy. And it’s about the future of our planet. And what I hope is, is the policies that we’ve laid out -- from hybrid fleets to offshore drilling, from nuclear energy to wind energy -- underscores the seriousness with which my administration takes this challenge. It’s a challenge that requires us to break out of the old ways of thinking, to think and act anew. And it requires each of us, regardless of whether we’re in the private sector or the public sector, whether we’re in the military or in the civilian side of government, to think about how could we be doing things better, how could we be doing things smarter -- so that we are no longer tethered to the whims of what happens somewhere in the Middle East or with other major oil-producing nations.
So I’m open to proposals from my Democratic friends and my Republican friends. I think that we can break out of the broken politics of the past when it comes to our energy policy. I know that we can come together to pass comprehensive energy and climate legislation that’s going to foster new energy -- new industries, create millions of new jobs, protect our planet, and help us become more energy independent. That’s what we can do. That is what we must do. And I’m confident that is what we will do.
So thank you very much. And thanks, again, to all of you who are serving in our Armed Services. You are making an enormous contribution, and this is just one example of the leadership that you’re showing.
Next up, an energy bill.