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Oil Report

White House: Obama thinks oil prices won't stay low

WASHINGTON, Jan 26 (Reuters) - U.S. President Barack Obama believes that oil and other energy prices are not likely to stay cheap for long, White House spokesman Robert Gibbs said on Monday.

“The president believes that the price of oil and the price of energy is not likely to stay at the level it is now,” he told a briefing.

“We can make the investments necessary and meet the demand in a growing economy for clean energy that reduces that dependence on foreign oil while at the same time creates a million clean energy jobs.” (Reporting by Jeff Mason)

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