Happiness Poll

  • Most Popular
  • Most Shared

Reuters Showcase

DLF Results

DLF Results

DLF Q3 net falls 45 pct, sees more gloom ahead.  Full Article 

RComm Results

RComm Results

Reliance Comm Q3 net falls 61 pct.  Full Article 

Rupee Falls

Rupee Falls

Rupee posts biggest weekly fall in nine weeks.  Full Article 

Nearing Bailout

Nearing Bailout

Greek cabinet approves EU/IMF bailout bill.  Full Article 

Mass Downgrade

Mass Downgrade

S&P downgrades 34 Italian banks.  Full Article 

Oil Demand

Oil Demand

IEA cuts 2012 oil demand growth forecast yet again.  Full Article 

Eyeing Yahoo

Eyeing Yahoo

Alibaba's wily Ma faces big Yahoo test.  Full Article 

Buy, Sell or Hold?

Buy, Sell or Hold?

Stock recommendations from VantageTrade.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage 

UPDATE 1-Obama wants safe ways to tap U.S. oil, gas

Fri Oct 16, 2009 1:07am IST

(Adds quotes)

NEW ORLEANS Oct 15 (Reuters) - President Barack Obama said on Thursday he is in favor of finding environmentally safe ways to tap U.S. oil and natural gas reserves and would like to see increased use of nuclear-generated electricity.

"What I think we need to do is increase our domestic energy production," Obama said at a public meeting in New Orleans. "I'm in favor of finding environmentally sound ways to tap our oil and our natural gas."

Obama also spoke about the need to rely more heavily on nuclear energy as the United States looks for ways to reduce greenhouse gases blamed for global warming.

"There's no reason why technologically we can't employ nuclear energy in a safe and effective way. Japan does it and France doesn't and it doesn't have greenhouse gas emissions, so it would be stupid for us not to do that in a much more effective way," he said.

Obama said it is essential to develop new sources of clean energy and increase energy efficiency. He vowed to pursue energy legislation once the debate over a U.S. healthcare overhaul is resolved. (Reporting by Steve Holland; Editing by David Alexander)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.