President Barack Obama has confirmed that he will propose a new tax on oil, designed to support a transition to cleaner fuels.
He's expected to suggest imposing a $10 fee on every barrel, to be paid by oil companies.
Such a proposal is considered politically unfeasible in the current Republican-controlled Congress.
President Obama says the money would be used to improve transportation, research and development.
IN: Ten years...
OUT: ...infrastructure.
DUR: 23"
President Obama says the US should take advantage of currently low oil prices to invest in the future.
IN: Gas prices...
OUT: ...not going to last.
DUR: 20"