ABC Money
Home

Bush takes energy plan on the road


Published :
Wed, 24 Jan 2007 18:14
By : Agencies
Print this Story


AddThis Social Bookmark Button

WILMINGTON, Del. (AFX) - 0123dv--bush--energy

President Bush, looking for any momentum from his State of the Union address, campaigned Wednesday for an energy plan that targets Americans' gas-guzzling habits.

On a quick trip to Delaware, Bush warned that the nation's reliance on oil poses a national security threat. The United States must come to rely on its own sources of fuels, not the oil-rich lands of those who pose dangers to the nation, he said.

'You don't want your president sitting in the Oval Office worried about the activities of a hostile regime that can have all kinds of impacts on our security, starting with economic security,' Bush told employees of DuPont, one of the largest researchers of alternative fuels.

'Dependence on oil, as well, means that if a terrorist were able to destroy infrastructure somewhere else in the world it's going to affect what you pay at the gasoline pump,' Bush said.

Bush's comments came as the White House tried to keep some attention on his domestic agenda.

Meanwhile, in Washington, a rising number of senators from Bush's own party expressed doubts that his Iraq strategy will work. The Senate Foreign Relations Committee planned to vote on condemning Bush's troop buildup, as the war continued to vastly overshadow his domestic agenda.

Bush's new energy initiative calls for reducing gasoline consumption by up to 20 percent over 10 years by increasing alternative fuels and changing the way fuel economy standards are set for passenger cars.

The president signed an executive order Wednesday to cut down on the federal government's use of gasoline and increase its use of alternative fuels.

In Delaware, Bush toured the DuPont Experimental Station to tout to its research on cellulosic ethanol -- one of the main fuels Bush touts as an alternative to oil.

He took a hands-on approach as scientists walked him through the process of converting raw materials to fermentable sugars to fuel. Bush picked up bottles of milled corn stover, poked his fingers into a beaker of wood chips and picked up a handful of switchgrass.

'What our citizens got to know is that because of the research you are doing here -- with some of their taxpayers' money to help you -- that switchgrass ... could end up being the fuel that powers their automobiles,' Bush said in the DuPont greenhouse. 'That's important.'

DuPont is leading a science-based consortium that is researching how to break down entire corn plants -- including the stalk and leaves -- into biofuels, such as cellulosic ethanol. Corn kernels are used for the ethanol now in gasoline.

In his comments to DuPont workers, Bush said the day is coming when people can commonly use plug-in batteries for their cars. The United States is spending public money on such research.

'You are going to be able to drive the first 20 miles on electricity -- and your car is not going to have to look like a golf cart,' Bush said.

Bush has rejected requiring automakers to boost the fuel economy of their new car fleets, and he continues to oppose mandatory reductions of so-called 'greenhouse' gases.

With Democrats running Congress and his own popularity slumping, Bush could offer only a modest agenda. His energy plan, along with a health insurance program, were the signature items.

Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.




Share on


 You Might Like
Strong US public opposition to Bush Iraq plan - polls
Bush stresses need to succeed in Iraq
+
Bush to defend Iraq troop buildup plan
Macroeconomics highlights to 15:30 GMT

Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
10340.69
-107.24 ( -1.03 %)
NASDAQ
2792.28
22.57 ( 0.81 %)
FTSE 100
5741.15
38.78 ( 0.68 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
STANDARD CHARTERED ( 11:35am )
1559.00
70.00 ( 4.76 %)
WOLSELEY PLC ( 11:35am )
2250.00
70.00 ( 3.20 %)
CARNIVAL ( 11:35am )
2017.00
46.00 ( 2.42 %)
LAND SECURITIES GROUP ( 11:35am )
679.50
36.50 ( 5.63 %)
WHITBREAD ( 11:35am )
1662.99
33.99 ( 2.09 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
3M COMPANY ( 12:34pm )
85.78
0.71 ( 0.83 %)
BOEING CO ( 12:34pm )
75.70
0.64 ( 0.85 %)
JP MORGAN CHASE CO ( 12:34pm )
37.03
0.49 ( 1.33 %)
WAL MART STORES ( 12:34pm )
60.44
0.43 ( 0.72 %)
IBM ( 12:34pm )
181.50
0.43 ( 0.24 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
F5 NETWORKS INC ( 12:11pm )
122.38
13.92 ( 11.80 %)
ICO GLOBAL COMM CL A ( 8:01pm )
99999999.99
9.37 ( 366.02 %)
PRICELINECOM INC ( 12:23pm )
525.40
6.57 ( 1.26 %)
AMAZONCOM INC ( 12:04pm )
195.65
6.21 ( 3.25 %)
MILLICOM INTERNATIONAL CELLULAR SA ( 4:00pm )
110.18
4.82 ( 4.43 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!


 Finance Explained

Money making ideas

Save money

Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 ABCmoney.co.uk, All Rights Reserved
*ABCMoney.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.