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And despite what Vijay said, I did have the Buckeyes heading to the Final Four.
(applause)
I'm just saying.
I think Selinger is going to have a big game tonight.
(applause)
And I promise you I didn't do it because I knew I was coming here
-- because I am cold-blooded when it comes to filling out my brackets.
(laughter)
So I genuinely think you guys are looking good.
And by the way, I just read somewhere that one in every four teams in the Sweet 16 is from Ohio.
(applause)
You've got Ohio State, Ohio University, Xavier -- (applause)
-- Xavier is in -- Cincinnati.
Audience:
Booo --
The President:
I'm not going to get in the middle of this.
(laughter)
I do want to just say no state has ever done this before.
So it's a testimony to Ohio basketball.
(applause)
And I want to thank Vijay for the outstanding introduction -- very much appreciate that.
Now, this is our last stop on a trip where we've been talking about an all-of-the-above energy strategy for America -- a strategy where we produce more oil, produce more gas, but also produce more American biofuels and more fuel-efficient cars, more solar power, more wind power, more power from the oceans, more clean and renewable energy.
(applause)
More clean and renewable energy.
You know what I'm talking about here, because this school is a national leader in developing new sources of energy and advanced vehicles that use a lot less energy.
I just had a chance to take a tour of the Center for
Automotive Research.
Now, I admit the best part of it was seeing the Buckeye Bullet, which has gone over 300 miles an hour and is now shooting for 400 miles an hour.
(applause)
And I asked the guys who were helping to design this whether mom was going to let them actually test-drive this thing, and the answer was no.
(laughter)
Only professional drivers are permitted.
But for anybody who's not familiar with this, the Buckeye Bullet is the fastest electric car in the world.
(applause)
The fastest in the world.
I don't know who's going to need to go that fast.
(laughter)
But it is a testament to the ingenuity here at Ohio State and what is essential to American leadership when it comes to energy -- our brain power.
I will say, though, when Malia gets her license in a few years, she will not be allowed to go 300 miles an hour.
(laughter)
Now, one of the reasons that I've been talking so much about fuel-efficient cars and new sources of energy is obviously because we're seeing another spike in gas prices right now.
And that's tough on folks.
I remember when I was a student, filling up was always tough.
And gas prices are putting pressure not just on students but on a lot of families all across Ohio, all across the country.
Whether you're trying to get to school, go to work, go grocery shopping, dropping off your kids, you've got to be able to fill up that gas tank.
Right now, for most people you don't have a choice.
So when prices spike, that tax hike feels like a -- or that gas spike feels like a tax hike coming right out of your pocket.
That's part of the reason that we passed a payroll tax cut at the beginning of this year -- so that the average American would get an extra $40 in every paycheck to help offset the price of gas.
(applause)
So that's going to offer some relief.
But the bigger question is how do we make sure that these spikes in gas prices don't keep on happening -- because we've seen this movie before.
This happens just about every year.
This happened this time last year.
Gas prices were even higher in the spring and summer of 2008.
It has been going on for years, for decades.
And every time prices start to go up -- especially during an election year -- politicians, they start dusting off their 3-point plan for $2.00 gas.
(laughter)
Although this year, they decided it was going to be $2.50.
(laughter)
This year they decided it was going to be $2.50.
Now, I don't know where they pick that number, $2.50.
Because it could have been $2.40, I guess.
They could have said $2.10.
They could have said 50 cents a gallon.
But they all make the same promise.
They head down to the gas station and they make sure a few cameras are following them, and then they tell you how we're going to have cheap gas forever if you just vote for them.
And it has been the same script for 30 years -- the same thing.
It has been like a bad rerun.
And when you ask them, what specifically is your -- (audience interruption)
Sir, I'm here to speak to these folks.
You can hold your own rally.
(applause)
You're being rude.
(applause)
Sir, we're trying to talk to these people.
(applause)
I'll be happy to read your book -- if you want to give me your book, I'll be happy to read it.
But don't interrupt my conversation with these folks, all right?
(applause)
Show me some courtesy.
(applause)
Show me some courtesy.
I'll be happy to take your book.
But don't interrupt everybody else.
All right?
Okay.
Now, where was I?
(laughter)
Go ahead and get that book from him, guys.
He wants to give me a book.
Please feel free to grab it.
You're touting this book -- make sure that you've given it to us.
All right, now that we've gotten that settled.
(laughter)
Now, the question is, why is it that every year we hear the same story about how we're going to have $2 gas, or $1.50 gas, or whatever price they come up with, if we would just drill for more oil?
That's the solution that you always here.
Prices will immediately come down and all our problems will go away -- like magic.
There are two problems with that.
First of all, we have been drilling.