Take a look at what the US President is saying
about bioenergy and biofuel at the WIREC Conference in Washington, March 2008.
My job, as the President of the country, is to put pro-growth policies in place. But we're dependent upon oil, and so as our economy grows, it's going to create more demand for oil -- same with China, same with India, same with other growing countries. It should be obvious to you all that the demand is outstripping supply, which causes prices to go up. And it's making it harder here in America for working families to save, and for farmers to be prosperous, and for small businesses to grow.
The dependency upon oil also puts us at the mercy of terrorists. If there's tight supply and demand, all it requires is one terrorist disruption of oil and that price goes even higher. It's in our interests to end our dependency on oil because it -- that dependency presents a challenge to our national security. In 1985, 20 percent of America's oil came from abroad. Today that number is nearly 60 percent.
President George W. Bush stops to talk to the manufacturers of a converted plug-in hybrid electric vehicle during his tour of the Washington International Renewable Energy Conference 2008 Wednesday, March 5, 2008, at the Washington Convention Center in Washington, D.C. White House photo by Chris GreenbergNow, all the countries we import from are friendly, stable countries; but some countries we get oil from don't particularly like us. They don't like the form of government that we embrace. They don't believe in the same freedoms we believe in, and that's a problem from a national security perspective, for the United States and any other nation that values its economic sovereignty and national sovereignty.
And finally, our dependence on fossil fuels like oil presents a challenge to our environment. When we burn fossil fuels we release greenhouse gases. The concentration of greenhouse gases has increased substantially. We recognize all three of these challenges, and we're doing something about it.
I've come today to tell you that America is the kind of country that when they see a problem, we address it head-on. I've set a great goal for our country, and that is to reduce our dependence on oil by investing in technologies that will produce abundant supplies of clean and renewable energy, and at the same time show the world that we're good stewards of the environment.