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REMARKS BY THE PRESIDENT
ON CLEAN ENERGY
Trinity Structural1 Towers Manufacturing Plant
Newton, Iowa
12:52 P.M. CDT
THE PRESIDENT: Thank you so much. Thank you, Rich, for the great introduction. Thank you very much. Please, everybody have a seat.
It is good to be back in Newton, and it's a privilege to be here at Trinity Structural Towers. I've got a couple of special thank yous that I want to make, because I've got a lot of old friends -- not old in years, but been friends for a long time now. First of all, your outstanding Governor, Chet Culver, please give him a big round of applause. (Applause.) His wonderful wife, Mari, I see over here. She's not on the card, but -- (applause.) My outstanding Secretary of Agriculture, who I plucked from Iowa, Tom Vilsack and his wonderful wife Christie Vilsack. (Applause.) We've got the Attorney General of Iowa, one of my co-chairs when I ran in the Iowa caucus2 and nobody could pronounce my name -- Tom Miller3. (Applause.) My other co-chair, Mike Fitzgerald, Treasurer4 of Iowa. (Applause.) We got the Iowa Secretary of State, Mike Mauro. There he is. (Applause.) We've got your outstanding member of Congress who's working hard for Newton all the time, Leonard Boswell. (Applause.) And your own pride of Newton, Mayor Chaz Allen. (Applause.) There he is, back there. It's good to see you again, Chaz.
It is terrific to be here -- and by the way, I've got a whole bunch of folks here who were active in the campaign, and precinct captains. And I just want to thank all of them for showing up, and to all the great workers who are here at this plant -- thank you. (Applause.)
I just had a terrific tour of the facility led by several of the workers and managers who operate this plant. It wasn't too long ago, as Rich said, that Maytag closed its operations in Newton. And hundreds of jobs were lost. These floors were dark and silent. The only signs of a once thriving enterprise were the cement markings where the equipment had been before they were boxed up and carted away.
Look at what we see here today. This facility is alive again with new industry. This community is still going through some tough times. If you talk to your neighbors and friends, I know they -- the community still hasn't fully5 recovered from the loss of Maytag. Not everybody has been rehired. But more than 100 people will now be employed at this plant -- maybe more, if we keep on moving. Many of the same folks who had lost their jobs when Maytag shut its doors now are finding once again their ability to make great products.
Now, obviously things aren't exactly the same as they were with Maytag, because now you're using the materials behind me to build towers to support some of the most advanced wind turbines in the world. When completed, these structures will hold up blades that can generate as much as 2.5 megawatts of electricity -- enough energy to power hundreds of homes. At Trinity, you are helping6 to lead the next energy revolution. But you're also heirs to the last energy revolution.
Think about it: roughly a century and a half ago, in the late 1950s [sic], the Seneca Oil Company hired an unemployed7 train conductor named Edwin Drake to investigate the oil springs of Titusville, Pennsylvania. Around this time, oil was literally8 bubbling up from the ground -- but nobody knew what to do with it. It had limited economic value and often all it did was ruin crops or pollute drinking water.
Now, people were starting to refine oil for use as a fuel. Collecting oil remained time consuming, though, and it was back-breaking, and it was costly9; it wasn't efficient, as workers harvested what they could find in the shallow ground -- they'd literally scoop10 it up. But Edwin Drake had a plan. He purchased a steam engine, and he built a derrick, and he began to drill.
And months passed. And progress was slow. The team managed to drill into the bedrock just a few feet each day. And crowds gathered and they mocked Mr. Drake. They thought him and the other diggers were foolish. The well that they were digging even earned the nickname, "Drake's Folly11." But Drake wouldn't give up. And he had an advantage: total desperation. It had to work. And then one day, it finally did.
One morning, the team returned to the creek12 to see crude oil rising up from beneath the surface. And soon, Drake's well was producing what was then an astonishing amount of oil -- perhaps 10, 20 barrels every day. And then speculators followed and they built similar rigs as far as the eye could see. In the next decade, the area would produce tens of millions of barrels of oil. And as the industry grew, so did the ingenuity13 of those who sought to profit from it, as competitors developed new techniques to drill and transport oil to drive down costs and gain a competitive advantage in the marketplace.
Now, our history is filled with such stories -- stories of daring talent, of dedication14 to an idea even when the odds15 are great, of the unshakeable belief that in America, all things are possible.
And this has been especially true in energy production. From the first commercially viable16 steamboat developed by Robert Fulton to the first modern solar cell developed at Bell Labs; from the experiments of Benjamin Franklin to harness the energy of lightning to the experiments of Enrico Fermi to harness the power contained in the atom, America has always led the world in producing and harnessing new forms of energy.
But just as we've led the global economy in developing new sources of energy, we've also led in consuming energy. While we make up less than 5 percent of the world's population, we produce roughly a quarter of the world's demand for oil.
And this appetite comes now at a tremendous cost to our economy. It's the cost measured by our trade deficit17; 20 percent of what we spend on imports is the price of our oil imports. We send billions of dollars overseas to oil-exporting nations, and I think all of you know many of them are not our friends. It's the same costs attributable to our vulnerability to the volatility18 of oil markets. Every time the world oil market goes up, you're getting stuck at the pump. It's the cost we feel in shifting weather patterns that are already causing record-breaking droughts, unprecedented19 wildfires, more intense storms.
1 structural | |
adj.构造的,组织的,建筑(用)的 | |
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2 caucus | |
n.秘密会议;干部会议;v.(参加)干部开会议 | |
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3 miller | |
n.磨坊主 | |
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4 treasurer | |
n.司库,财务主管 | |
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5 fully | |
adv.完全地,全部地,彻底地;充分地 | |
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6 helping | |
n.食物的一份&adj.帮助人的,辅助的 | |
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7 unemployed | |
adj.失业的,没有工作的;未动用的,闲置的 | |
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8 literally | |
adv.照字面意义,逐字地;确实 | |
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9 costly | |
adj.昂贵的,价值高的,豪华的 | |
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10 scoop | |
n.铲子,舀取,独家新闻;v.汲取,舀取,抢先登出 | |
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11 folly | |
n.愚笨,愚蠢,蠢事,蠢行,傻话 | |
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12 creek | |
n.小溪,小河,小湾 | |
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13 ingenuity | |
n.别出心裁;善于发明创造 | |
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14 dedication | |
n.奉献,献身,致力,题献,献辞 | |
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15 odds | |
n.让步,机率,可能性,比率;胜败优劣之别 | |
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16 viable | |
adj.可行的,切实可行的,能活下去的 | |
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17 deficit | |
n.亏空,亏损;赤字,逆差 | |
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18 volatility | |
n.挥发性,挥发度,轻快,(性格)反复无常 | |
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19 unprecedented | |
adj.无前例的,新奇的 | |
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