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Remarks by President on National Fuel Efficiency Standards

Remarks: “…While the United States makes up less than 5 percent of the world’s population, we create roughly a quarter of the world’s demand for oil. And this appetite comes at a tremendous price — a price measured by our vulnerability to volatile oil markets, which send gas prices soaring and families scrambling. It’s measured by a trade deficit where as much as 20 percent of what we spend on imports is spent on oil. It’s measured in billions of dollars sent to oil-exporting nations, many that we do not choose to support, if we had a choice. It’s measured in a changing climate, as sea levels rise, and droughts spread, forest burns, and storms rage.”

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