Foreign oil no reason to lose energy perspective

06/06/2005
US President George W. Bush is substituting politics for perspective on energy.He’s throwing tax credits at fuel preferences in service to the overwrought goal of reducing US dependence on foreign oil.In a May 16 speech at the Virginia BioDiesel Refinery in West Point, Va., he said, “By developing biodiesel, you’re making this country less dependent on foreign sources of oil.”The plant has capacity of 65 b/d.It’s not the only biodiesel plant in the US, of course. Total US biodiesel output, in fact, has scored “a 60-fold increase in 5 years,” the president said.Last year’s total: 30 million gal. That’s less than 2,000 b/d in a 2.4-milli...
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