Tuesday, January 31, 2006

Bush says "America Addicted to Oil

By Steve Holland

WASHINGTON (Reuters) - President Bush will say "America is addicted to oil" and must develop technologies to address soaring gasoline prices in a State of the Union speech on Tuesday night that lays out a forceful U.S. role in the world and an election-year agenda for Republicans.

In excerpts of the 9 p.m. EST speech released by the White House, Bush argued the United States must remain aggressively engaged around the world, rejecting critics who feel Washington is provoking ill will and should pull back.

With oil prices close to record levels and Exxon reporting record profits of $10.7 billion, the former oilman will highlight the need to improve technologies in order to reduce U.S. oil imports.

http://tinyurl.com/dw22a

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