In order to speed out country along to the goal of oil independence, Obama has proposed that the governement give out $2 Billion in research grants laboratories working on advanced battery technology, natural gas vehicles, and biofuels. We're disappointed that no mention of hydrogen is made, but technological progress is certainly a good thing.
The money is to come, ironically, from royalties from the government's oil and gas leases.
[via Detroit News]
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