"What we can do is create renewable, cleaner energy sources for the twenty-first century. Instead of subsidizing the oil industry, (the previous U.S. administration's energy policy has been focused on subsidies to big oil companies and expanded drilling -- coupled with token investments in the development of alternative fuels.), we should end every single tax break the industry currently receives and demand that 1 percent of the revenues from oil companies with over $1 billion in quarterly profits go toward financing alternative energy research and the necessary infrastructure....it could be the vehicle by which we train an entire new generation of American scientists and engineers and a source of new export industries and high-wage jobs."

The AUDACITY of HOPE, Thoughts on Reclaiming the American Dream, Barack Obama, Three Rivers Press, a division of Random House, Inc., 2006.