Obama's Solution to Rising Gas Prices: "Algae"

Obama in Miami today mocked drilling for oil and said algae could be a good alternative fuel.

President Obama admitted today that he does not have a "silver bullet" solution for skyrocketing gas prices, but he proposed alternative energy sources such as "a plant-like substance, algae" as a way of cutting dependence on oil by 17 percent.

"We’re making new investments in the development of gasoline, diesel, and jet fuel that’s actually made from a plant-like substance, algae -- you've got a bunch of algae out here,"

Obama said at the University of Miami today. "If we can figure out how to make energy out of that, we'll be doing alright. Believe it or not, we could replace up to 17 percent of the oil we import for transportation with this fuel that we can grow right here in America."

It's not the first time this genius has suggested this. Back in April, Obama suggested using "algae, woodchips and switchgrass" as an alternative to oil.