Wednesday, February 01, 2006

Former Oil Exec Notices that We Have an Oil Dependency Problem

Five years after the White House was hosting secret meeting with oil execs like Ken Lay, President Sluggo announced in his State of Disunion speech that we are too dependent on oil.
As the New York Times reports, our President was not quite as bold as he sounded:
In one of his most striking declarations, Mr. Bush said "America is addicted to oil" and set a goal of replacing 75 percent of the nation's Mideast oil imports by 2025 with ethanol and other energy sources.
But even that goal was less ambitious than it might have appeared — the United States gets less than 20 percent of its oil from the Persian Gulf — and the speech was notable largely for a lack of big new proposals from a president who for five years has not shied from provocative and politically risky initiatives.
Oil companies are already gearing up to use ethanol in gasoline, so Bush wasn't proposing something that oil companies weren't already working on.

2 Comments:

Blogger Dr D said...

What is amazing is that the low bar set for reducing oil imports does not mention that this low standard 2 million barrels could be meet almost over night by conservation and not have to wait 10 years for Nuclear Power Plants to be build.

But I will bet that this arguement will be used for tons of money to sent to friends of the party to build power plants.

11:03 AM, February 01, 2006  
Blogger Ryan Mc said...

hey can I be added to the Delaware blogroll? Check out my blog.

12:47 AM, February 03, 2006  

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