The Washington PostDemocracy Dies in Darkness

Obama’s energy visit involves oil policy jujitsu

Protesters march against the proposed Keystone XL pipeline Jan. 24 in Washington. (AP)

The pitch President Obama will make as he visits the Energy Department's Argonne National Laboratory outside Chicago Friday involves a bit of policy jujitsu: let's take the money we make by producing oil to stop using it altogether.

Obama will call for the establishment of the Energy Security Trust, a $2 billion fund over 10 years that takes some of the federal royalties the government receives from offshore oil and gas leasing to invest in research that will shift the country's transportation sector away from using oil.