Bush’s emphasizes energy security, resource diversification, and technology to advance clean power, and reduce U.S. dependency on foreign oil Phoenix, AZ – January 24, 2007 – In last night’s State of the Union address, President Bush announced a new 20-10 initiative and outlined plans to wean the country from foreign oil dependence through the use of alternative energy resources. He set a goal to reduce foreign fuel consumption by a full 20% in ten years through the development of alternative fuels.
"Extending hope and opportunity depends on a stable supply of energy that keeps America's economy running and America's environment clean,” Bush stated. “For too long our nation has been dependent on foreign oil. And this dependence leaves us more vulnerable to hostile regimes, and to terrorists -- who could cause huge disruptions of oil shipments, and raise the price of oil, and do great harm to our economy.”
“We need to reduce our dependency on foreign oil through the development of renewable resources including clean coal, solar power, wind power, and nuclear power. We will also need to increase our vehicle fuel efficiency through the development and use of alternative fuels including hybrid vehicles, biodeisel fuel and ethanol.”
Business Energy Reports offers a series of in-depth industry reports on topics ranging from energy security to alternative energy sources such as oil sands, coal-to-liquids technology, wind power, solar photovoltaics, clean coal, and more. The reports can be used to guide energy industry companies to meet the goals the President has set for the nation. They are available at
www.energybusinessreports.com .
The report
Securing Energy Assets and Infrastructure 2007 provides an overview of America’s energy security picture. The report details energy security strategies such as diversifying sources, securing energy infrastructure, conservation, identifying system vulnerabilities – particularly areas vulnerable to cyber-attack, and establishing security priorities and policies.
The President went on in his address: "It's in our vital interest to diversify America's energy supply -- the way forward is through technology. We must continue changing the way America generates electric power, by even greater use of clean coal technology, solar and wind energy, and clean, safe nuclear power.”
Renewables, Solar Photovoltaics, CTL technology, Wind Power, Coalbed Methane – these topics and others are explored in individual Reports:
Solar Photovoltaic Market Potential
Coal Bed Methane Global Market Potential
Commercialization of Coal to Liquids Technology 2007
Global Wind Power Market Potential
Global Renewable Energy Markets
Clean Coal Technologies Market Potential 2007
Consumers have an important role to play in America’s energy independence, and our energy consumption habits must change. “We need to press on with battery research for plug-in and hybrid vehicles, and expand the use of clean diesel vehicles and biodiesel fuel. We must continue investing in new methods of producing ethanol -- using everything from wood chips to grasses, to agricultural wastes,” the President said.
We look to a future in which we will be driving hybrid vehicles, fueling our tanks with ethanol, deriving energy from garbage in landfills, and powering our laptops with fuel cells. Energy Business Reports delves into these topics in reports such as:
Cellulose Ethanol Market Potential
Fuel Cell Technology and Market Potential
Landfill Gas as an Energy Source Report.
A clean energy future is not that far off, according to President Bush. He calls for a 20% reduction in gasoline usage in the next 10 years and noted the many benefits that will result from America’s energy independence. "We made a lot of progress, thanks to good policies here in Washington and the strong response of the market. And now even more dramatic advances are within reach. Tonight, I ask Congress to join me in pursuing a great goal. Let us build on the work we've done and reduce gasoline usage in the United States by 20 percent in the next 10 years. When we do that we will have cut our total imports by the equivalent of three-quarters of all the oil we now import from the Middle East.”
“America is on the verge of technological breakthroughs that will enable us to live our lives less dependent on oil. And these technologies will help us be better stewards of the environment, and they will help us to confront the serious challenge of global climate change."
The President also cited specific changes and reforms that are necessary to achieve the 20-10 goal. "To reach this goal, we must increase the supply of alternative fuels, by setting a mandatory fuels standard to require 35 billion gallons of renewable and alternative fuels in 2017 -- and that is nearly five times the current target. At the same time, we need to reform and modernize fuel economy standards for cars the way we did for light trucks -- and conserve up to 8.5 billion more gallons of gasoline by 2017.
"Achieving these ambitious goals will dramatically reduce our dependence on foreign oil, but it's not going to eliminate it. And so as we continue to diversify our fuel supply, we must step up domestic oil production in environmentally sensitive ways.”
Several Energy Business Reports address various aspects of domestic oil production, including:
Unconventional Gas Outlook: Resources, Economics, and Technologies
Assets & Politics in the Oil Industry 2007
Renewable Energy Wall Map
Oil Sands Global Market Potential 2007
Energy Business Reports