Summary

Portrait of Barack Obama Barack Obama Remarks of Senator Barack Obama to the Detroit Economic Club (2007)

We know that our oil addiction is jeopardizing our national security - that we fuel our energy needs by sending $800 million a day to countries that include some of the most despotic, volatile regimes in the world. We know that oil money funds everything from the madrassas that plant the seeds of terror in young minds to the Sunni insurgents that attack our troops in Iraq.
Source: Wikisource

Portrait of Barack Obama Barack Obama Remarks of Senator Barack Obama to the Detroit Economic Club (2007)

The auto industry's refusal to act for so long has left it mired in a predicament for which there is no easy way out.
But expensive is no longer an excuse for inaction. The auto industry is on a path that is unacceptable and unsustainable - for their business, for their workers, and for America. And America must take action to make it right.
That's why my first proposal will require automakers to meet higher fuel standards and produce more fuel-efficient cars while providing them the flexibility and assistance to do it.
Source: Wikisource

Portrait of Barack Obama Barack Obama Remarks of Senator Barack Obama to the Detroit Economic Club (2007)

And this city knows better than any what our oil addiction is doing to our economy. We are held hostage to the spot oil market - forced to watch our fortunes rise and fall with the changing price of every barrel. Gas prices have risen to record levels, and could hit $4 a gallon in some cities this summer. Here in Detroit, three giants of American industry are hemorrhaging jobs and profits as foreign competitors answer the rising global demand for fuel-efficient cars.
Source: Wikisource

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