President Obama delivers boiler pan energy speech at Nashua Community College. The president sighted the fact that wind, solar, and biofuel technology needed developing but was mum as to how that development was progressing. Rising gas prices are the likely catalyst to the speech.

The President was very proud about a 10% reduction in America's dependence on foreign oil in 2010, under his administration. The reduction did not come in the wake of alternative energy development, however, it came through more drilling on American soil. The President gave a nod to the tragedy of the gulf oil spill, and in the same sentence noted how he had approved more than 400 new drilling permits and opened up millions of new acres for oil and gas exploration.

The gas price problem, Obama said, "...may not be solved in one year, one term, or even one decade." This statement is terribly true, and likely has more to do with the world oil industry blocking any and all progress.