Wednesday, December 13, 2006

Bush Urged to Break Oil Dependence

This is similar to the last article posted below this one.
Full Article Here.

"America's transport system is 97 per cent dependent on oil. More than 90 per cent of world oil supply is controlled by foreign governments. "America must address this critical weakness." Said P.X. Kelley, a retired Marine Corps general. "An oil supply interruption cannot be reasonably dismissed as improbable."

However, there is deep-seated scepticism about the willingness of the Bush administration, which has yet to endorse the theory of global warming, to take the tough steps most energy experts say are necessary to reduce America's dependence on oil.

Last January Mr Bush declared that America was "addicted to oil". But Mr Bush's announcement was not followed by any significant change in energy strategy. "There is very little reason to believe that the White House will take the tough measures necessary to make this happen," said a Washington-based energy lobbyist. "There is no appetite, say, to impose a carbon tax or for putting a floor under the price of oil that would incentivise investors to put their money into alternative energy."

However, the US administration wants to step up co-operation with China on energy efficiency and the use of alternative fuels. Energy and the environment will be among the topics addressed in Friday's final session of the US-China strategic economic dialogue involving top officials meeting in Beijing."

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