Did Bush confirm peak oil, page
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Topic started on 1-2-2006 @ 10:58 AM by LDragonFire
In the State of the Union speech Bush said we are Addicted to oil. He also said we must lose this addiction, But he also said we must help to bring Democracy to the Middle East.


So tonight, I announce the Advanced Energy Initiative -- a 22-percent increase in clean-energy research -- at the Department of Energy, to push for breakthroughs in two vital areas. To change how we power our homes and offices, we will invest more in zero-emission coal-fired plants, revolutionary solar and wind technologies, and clean, safe nuclear energy.


Is he confirming Peak oil. Right now the USA Is dependant on oil from the middle East. If we are victorious in spreading Democracy in the Middle East, this would insure a steady oil supply in the future, unless that supply is threatened, like the peak oil theory.


We must also change how we power our automobiles. We will increase our research in better batteries for hybrid and electric cars, and in pollution-free cars that run on hydrogen. We'll also fund additional research in cutting-edge methods of producing ethanol, not just from corn, but from wood chips and stalks, or switch grass. Our goal is to make this new kind of ethanol practical and competitive within six years.


Makes me wonder just How bad is this peak oil thing is going to get. Remember Bush is a oil man from a oil family, and you would think he would know....


Breakthroughs on this and other new technologies will help us reach another great goal: to replace more than 75 percent of our oil imports from the Middle East by 2025. (Applause.) By applying the talent and technology of America, this country can dramatically improve our environment, move beyond a petroleum-based economy, and make our dependence on Middle Eastern oil a thing of the past.


Or is it that by 2025 thats all the oild the middle east will be able to produce....

Here is the Link to the speech

[edit on 1-2-2006 by LDragonFire]


reply posted on 2-2-2006 @ 12:20 AM by Regenmacher
Head fake, he didn't really mean it folks...

Administration backs off Bush's vow to reduce Mideast oil imports

WASHINGTON - One day after President Bush vowed to reduce America's dependence on Middle East oil by cutting imports from there 75 percent by 2025, his energy secretary and national economic adviser said Wednesday that the president didn't mean it literally.

What the president meant, they said in a conference call with reporters, was that alternative fuels could displace an amount of oil imports equivalent to most of what America is expected to import from the Middle East in 2025.


Big oil must of beat Bush over the head for spooking the investors. Although that rhetoric about reducing oil dependence has been around since Nixon and echo'ed by Carter.

Can you say, "psyche!"



reply posted on 22-2-2006 @ 03:26 PM by StellarX
Originally posted by LDragonFire
uh ok then explain why this Link shows oil at around $60 a barrel


So you want me to explain why oil costs 60 Usd per barrel instead of 30 or 20? Why they cost 30 just 2 years ago so the question should be if we suddenly depleted half the worlds known oil reserves. Do you really believe extractable oil suddenly declined by half in the last 2-3 years and if so how how did they manage to drill all the new expensive holes to get to the expensive oil?

Well i'm listening...

Stellar
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