 Thank you and thanks for the opportunity to be here today to speak a little bit about what the President's agenda. Obviously, as Scott mentioned, back in my House of Senate days, I had the great opportunity to attend this event. And I feel like every year it goes larger and larger and it's great to be here and be part of it. In some ways, I think it's fair to say that this event is timelier than ever. I say that because at this moment in time, Americans are acutely aware of our country's energy challenges and they're seeing how those challenges impact them and their pocketbooks. So they're paying close attention to these issues. And one issue that's raised heavily in the minds of many American families and business owners over the past few months is the rising cost of gasoline. Even as the average price of gasoline is falling over the past few weeks, consumers are still feeling the same as the cost. For Americans already struggling to make ends meet, high gas prices can lead to a straight-up 10,000-dollar crisis. Especially when you consider that transportation is already one of the largest expenses for many American families. Typically, it's technically a hazard. And every time the price of the barrel of oil rises by $10, a gallon of gas is $0.25. So the President certainly understands the impact of high gas prices both in terms of important needs for individual families and for our economy as a whole. But the hardest truth is that there are no fixed-risk rising gas prices. The recent events we've seen are driven by a massive growth effort at the Middle East, as well as growing global demand, namely from emerging economies around the world. New back countries like India and China that are growing at rapid pace and as two billion more people start consuming more goods, driving more cars and using more oil, to be able to start an outpace upon the future. That much is certain. Recently, news was made when we learned that China has overtaken the United States as the world's largest consumer of energy. That line has even more impressive when you consider that only about a decade ago China's energy consumption was half that of the United States. Half. So they were experiencing an explosive growth. In 2010, a lot of China's energy consumption rose by an impressive 11.2%, compared with 3.7% in the United States. In fact, China's growth resulted in a 5.6% increase in global energy demand. It is one-year drop since 1970's rainfall. I want to reiterate that there are no organized solutions. But that's why from the very beginning the administration has been focused on trading a new force by energy and personally affirming the strategy that will trade more secure energy due to the United States. When the president was elected in office, he employed 11 million barrels for more than a day. The president instead of fold and cheaply unfolded reduced public force by a third in 2025. To achieve that goal, we focused on the following three areas. One, expanding the domestic oil gas production. Two, promoting energy efficiency. And three, developing and employing the next generation of an alternative schools. Even as we develop next generation energy technology, we'll continue to rely on oil gas in the years ahead. And despite all the wrap-up, the government is expanding the domestic production of increased force with the administration's basic hedging process. Last year, the U.S. crude production reached its highest levels since 2003. And the president recently announced additional steps that will improve onshore and onshore by the gas development as long as the sun's taking its course away. Now, you've heard the president say that even if we increase domestic oil production, that's not going to be the long-term solution for our interest challenges. We consume about 25% of the world's oil. We only have 2% of the reserves. Maths of matter. That's why we're focused on energy efficiency, which we know is one of the fastest, easiest and cheapest ways when the United States produces dependence on oil. It's taking consumers' money and their pollution. When it comes to the transportation sector, increasing the fuel efficiency of our cars will cost no longer than 50% of its own oil. And that's because the oil used for transportation accounts for over 70% of total oil consumption in the United States today. One of the first actions taken by President Obama was to drive the EPA in the Department of Transportation to work together on a protocol. By partnering with our motor industry in key states, we're using historic agreements that's not just fuel efficiency standards ever, for long-year 2012-2016 cars and my duty trust. This program is taking over 1.8 billion barrels of oil over the life of me. Proven an average consumer of $3,000. By the way, these new fuel efficiency standards are also pretty valuable to the auto industry. After three decades of inaction and resistance to higher standards, many companies have now seen the benefits. Case in point, this past April, Ford afforded its largest first quarter profit since 1998, but sales shifted to smaller and more artificial vehicles. To build on this product, the car price, next month, the administration plans to finalize the first ever national fuel economy standards for heavy-duty trucks. We're also developing an agile fuel efficiency standards for long-year 2017-2025 cars, which results in significant oil savings for the nation and fuel savings for the American consumer. As a sign to tackling irrigation to oils, and we're talking about efficiency, I wanted to talk a little bit about increasing the energy efficiency of our home and businesses, which can reduce pollution to three jobs and lower the risk of fuel for American families. It's a win-win proposition. What's great about efficiency for the built environment is that we already have the technology. For the most part, we don't necessarily need to create something new. The biggest challenge is that in order to install the insulation, the energy efficient windows, the energy efficient lighting, you need to make your best use of it. For a lot of tenants, we've been concerned about all the options. So the administration has been focused on putting the right incentives in place, making these types of efficiency upgrades look and reach, and we're making progress. I'm looking forward to answering critical assessments that already led to the realization of over 350,000 homes across the country. And through the presence of our building initiative, we're taking steps to leverage the right extractor investment to make commercial buildings 20% more efficient by 24 hours. This program has the potential to create a tremendous impact in the years ahead. After getting the efficiency of our buildings to the state of America, we've invested about $40 million a year on the utility bill. So, getting back to our oil savings agenda and that third point there, which is investing in alternatives to oil, the administration has done a lot to pursue advanced biofuels. To date, our administration has provided over $800 million to support biofuels research and development and accelerated commercialization of these technologies. We also provided $400 million on DOE's advanced research project energy agency, ARPA-E. ARPA-E focuses on the creative, out-of-the-box transformation energy research for the success of the magnetic evidence for the nation. They are working on a number of cutting-edge technologies and projects that involve creating the fuel that's directed from the sunlight and finding more of an official place to produce energy from biomass. In addition to the cutting-edge R&D that's taking place at the International House, we're seeing more and more deciding progress through the private sector as well. In the United Arab Emirates, there are pioneering, innovative new ways of commercializing DOE's biofuels. There's another company in Montana recently met with that great advanced Kimelina-based biofuels, our military jet, literally fly faster than the speed of sound. These success stories are made possible in part because they invested in this administration at eight over the last two years. Now, as we develop cleaner sources of fuel, we will also need cleaner sources of electricity. That's the other half of the energy equation. To accomplish that goal, the president has proposed a clean energy standard. Under the president's plan, we would double the percentage of electricity that comes from clean energy sources by 2035. Part of what makes a clean energy standard attractive is that it doesn't take 100 liters instead to provide flexibility and need in the ultimate target with all sorts of clean energy from renewable, carbon and solar to efficient gas and coal and architecture as a restoration would all count towards the goal. A clean energy standard would also expand the scope of the clean energy investment and would provide companies with the certainty they need to move capital off the sidelines and in the clean energy economy. By setting very clear long-term goals or requiring facilities to increase the share of clean energy sources in their portfolio of their funds, we'll see more and more investors in the clean energy technology including many of the technologies on display in this room today. I want to stress that all of the administration's efforts to create a 21st century clean energy economy are directly connected to our economic competitiveness in the long haul. History shows us that we have to get serious about those efforts now. Think about this. In the 1980s, America was known to more than 80% of the world's clean energy capacity. 90% of the world's solar capacity We were the leaders in wind, we were the leaders in solar. Today, we'll try to have the most clean capacity. Germany has the most solar capacity. Both domestic and poor and clean energy can be used when we are a larger economy. We promised that mine was going to be one of the keys for a long-term competitiveness and the longer we wait, the higher the price for the next generation. We all understand that we've got a tight fiscal situation right now, so spare the ask our case for government investment in energy. And as we date our national priorities in the legislation and progress, we're going to have to make some stop choices. But as the President has said, it doesn't make sense to go out and invest in clean energy. After all, these investments can lead to the age-changing breakthroughs. Overt to the Department of Energy, there's a great program called the SunShop Initiative. The old program is reducing costs over energy by 75% for 40 years in 2021. It would not accelerate the point of total energy across the country. It would create jobs. It would stay in consumers' minds. And it would reduce pollution. It's a perfect example of why the President believes that he has to impact our wealth in some areas, invest in clean energy resources without having to be critical in our energy challenges and stay economically competitive in the future. I'm moving forward with this program. Thank you.