Walter Hinteler wrote:Indeed, old europe!
The U.S. is indeed a nation of oil addicts , Bush confessed.
His conversion to the clean-technology cause came a bit late, though. But doing it earlier would have meant admitting his addiction to the scientists who deny the existence of global warming. And some addictions are just too tough to break - I do know what I'm speaking of :wink:
U.S. presidents have been coming out with initiatives to wean us off foreign oil ever since I can remember, going back to Nixon, Ford, and Carter. I think Carter vowed we would be off foreign oil by the early 80's or some such thing. The government throws a few million or billion at all these alternative programs, but so far, history has shown little or no effect. So what Bush came out with in the speech is nothing new or different from what has been going on here for a long time. It is lip service, sort of to quieten down the environmentalists and other people that simply do not understand the economics of energy, but I think the president understands that oil and natural gas will be dominate until the free market gradually proves other technologies able to compete. We are in fact starting to see that, and I think he was realistic in throwing out the year 2025 as a realistic goal for being weaned from foreign oil. I think the tax system can be marginally used to bring about some change, but ultimately the free market as it develops emerging technologies will determine other efficient energy sources that might compete in a significant ways with oil, natural gas, and coal. Alternative energy sources simply must be competitive in price and efficiency, unless a country wishes to waste billions in propping up a less competitive technology.