Bush remarks on oil brings scepticism and hope
President Bush's call to break the U.S. "addiction" to oil generally drew a mixture of skepticism and hope abroad Wednesday, while the president of OPEC said such a change in energy policy wasn't possible in such a short time.
The French daily Le Monde expressed doubt that Bush could reach his goal of cutting oil imports from the Middle East by 75 percent in the next two decades. "The goal seems difficult to reach for the United States, which is expected to consume 26 million barrels of oil per day in 2025, with 60 percent from imports," it said. Bush said in his State of the Union speech Tuesday night that America must look to coal-fired plants, solar and wind technology and nuclear energy to heat homes and offices, and develop hybrid and electric cars for transportation. He also urged new ways of producing ethanol, not just from corn but also "wood chips, stalks or switch grass" _ and do it within six years
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The French daily Le Monde expressed doubt that Bush could reach his goal of cutting oil imports from the Middle East by 75 percent in the next two decades. "The goal seems difficult to reach for the United States, which is expected to consume 26 million barrels of oil per day in 2025, with 60 percent from imports," it said. Bush said in his State of the Union speech Tuesday night that America must look to coal-fired plants, solar and wind technology and nuclear energy to heat homes and offices, and develop hybrid and electric cars for transportation. He also urged new ways of producing ethanol, not just from corn but also "wood chips, stalks or switch grass" _ and do it within six years
( Full story here )
posted by Oil Shock at 11:46 AM
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