President Obama traveled to a Daimler Trucks North America plant in Mt. Holly, North Carolina, to deliver remarks on his "all of the above" energy plan.
The President told workers at the plant that rising gas prices are due to growing global demand, led by development in India and China. "We're not going to be able to just drill our way out of the problem of high gas prices," he said. "Anybody who tells you otherwise either doesn’t know what they’re talking about or they aren’t telling you the truth."
Additional funding for research into electric and energy-efficient vehicles will help grow the U.S. manufacturing industry, said President Obama. He cited clean natural gas vehicles built at the plant as an example of this policy. An "all-of-the-above" approach is needed, he said, to bring down energy costs and grow the economy.
Daimler Trucks is the nation's largest heavy-duty truck manufacturer and exports U.S.-built trucks to 35 countries.