U.S. President Barack Obama says it is time to end the $4 billion subsidies for oil and gas companies and invest in energy independence for the United States.During his weekly address Saturday, Obama said investing in clean renewable energy sources is one way to combat rising gas prices straining family budgets. timberland boots cheap He said he disagrees with a congressional proposal that cuts investments in clean energy by 70 percent to lower the deficit. Obama also called for the United States to continue safe, responsible domestic oil production.

He said the U.S. attorney general has launched a task force to root out fraud and manipulation of oil markets.The president said the United States can live within its means without sacrificing investments in energy, education, and job creation now and into the future.In the Republican weekly address, Senator Mike Johanns said Obama administration policies have burdened the primary job creator, small businesses.Johanns said a leaner, more efficient government best supports the country and people looking for work.Representatives from North Africa and the Middle timberland boots brown East attending the conference say unrest is likely to continue and could spread, but the impact on oil production is harder to gauge. The chairman of IHS-CERA, Daniel Yergin, says the International Energy Agency's Emergency Response Program can handle any significant short-term disruptions.

We have a well-worked out emergency system that grew out of the 1970s, the whole purpose of which is to deal with disruption and it provides a kind of coordination and collaboration among consumers and to have the emergency machinery in place," he said.So far there has been no shortage in world production and the Organization of Petroleum timberland boots for women Exporting Countries is considering a special meeting to study an output increase, if it becomes necessary.But even if stability returns to Libya and other nations in that area, growing demand in developing nations like India and China will put pressure on energy companies to find and produce more oil in the years ahead.