President Obama admitted today that he does not have a "silver bullet" solution to skyrocketing gas prices, but he proposed alternative energy sources such as "a plant-like substance called algae" as a way of cutting dependence on oil by 17 percent.
"We’re making new investments in the development of gasoline, diesel, and jet fuel that’s actually made from a plant-like substance, algae -- you've got a bunch of algae out here," Obama said at the University of Miami today. "If we can figure out how to make energy out of that, we'll be doing alright.
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