Obama’s 2012 budget supports fossil energy development

President Obama’s full-year 2012 budget seeks $520.7m (£324.9m) for the office of Fossil Energy (FE) to support improved energy security and rapid development of climate-oriented technology.

The request includes $452.9m for fossil energy research and development, $121.7m for the strategic petroleum reserve, $68.8m for the northeast heating oil reserve and $14.9m for the naval petroleum reserves.

The full-year 2012 budget request is intended to allow FE to fulfil its objective: to provide the nation with opportunity to tap the full potential of its fossil energy resources in an environmentally sound and affordable manner, as well as to ensure America’s readiness to respond to short-term energy-supply disruptions.