Bush urged to break US oil dependence

[cal04]

The Bush administration should act decisively to break America's dependence on oil, said a group of leading US business executives and senior military officers in a report presented on Wednesday to the White House and Congress.

The bipartisan group, which includes the chief executives of Fedex, UPS, Dow Chemicals and some of America's best known retired generals, urged Washington to recognise that "pure market economics will never solve the problem" of US oil dependency.

The report poured cold water on the Bush administration's goal of reducing America's dependence on foreign oil, rather than on oil in general. It urged Mr Bush and the new Democrat-controlled Congress to set up a plan to halve the American economy's oil-intensity by 2030.

(snip)
The report also warned Mr Bush, who is expected to announce new energy independence measures in his annual State of the Union address to Congress next month, that America's oil dependence makes it acutely vulnerable to terrorist attacks.

http://news.moneycentral.msn.com/provider/providerarticle.aspx?Feed=FT&Date=20061213&ID=6274570

[lvx35]

1. "pure market economics will never solve the problem" of US oil dependency.

That's the hard pill to swallow for them, right there. The whole right wing believe system is being challenged by this, and they simply can't cope so they bury their heads in their asses.

[northofdenali]

2. What? And cut his "allowance"?

Big Oil OWNS this admin.