Presidential energy
Wall Street Journal
by Ronald Bailey
02/02/06
'America is addicted to oil,' President Bush warned during his State of the Union address, vowing 'to replace more than 75% of our oil imports from the Middle East by 2025.' And since our 230 million cars and trucks burn two-thirds of the 20 million barrels of oil we consume daily, Mr. Bush solemnly declared, 'We must also change how we power our automobiles.' The cure for our addiction? Why, a government program, of course: the Advanced Energy Initiative. This new scheme would throw more tax dollars at research aimed at creating clean power plants and also cars powered by hydrogen, electricity and ethanol. Unfortunately, the past 35 years of failed presidential energy initiatives doesn't bode well for these proposals...
http://tinyurl.com/bnkop
Informant: Thomas L. Knapp
by Ronald Bailey
02/02/06
'America is addicted to oil,' President Bush warned during his State of the Union address, vowing 'to replace more than 75% of our oil imports from the Middle East by 2025.' And since our 230 million cars and trucks burn two-thirds of the 20 million barrels of oil we consume daily, Mr. Bush solemnly declared, 'We must also change how we power our automobiles.' The cure for our addiction? Why, a government program, of course: the Advanced Energy Initiative. This new scheme would throw more tax dollars at research aimed at creating clean power plants and also cars powered by hydrogen, electricity and ethanol. Unfortunately, the past 35 years of failed presidential energy initiatives doesn't bode well for these proposals...
http://tinyurl.com/bnkop
Informant: Thomas L. Knapp
rudkla - 3. Feb, 17:35
