by David Phinney
Friday July 12th 2024



Well, It Sounded Good Last Week….

….. According to The Washington Post:

Twenty in 10: Bush said in his State of the Union speech last week that he has a “goal of reducing U.S. gasoline usage by 20 percent in the next 10 years.”
The fine print: Administration officials said that the goal is 20 percent below projected annual gasoline usage, not off today’s levels.
That’s very significant for oil markets, where analysts look at the balance of rising supplies and rising demand.

No wonder the president looked like all he wanted to do was go home during his speech.

Not only that, the Democrats now are punching hard:

Bush’s boldest-sounding energy proposal — to replace 35 billion gallons of gasoline with “alternative” (rather than renewable) fuels by 2017 — relies on coal-based fuel, a product that “could nearly double global warming pollution per gallon of fuel” compared to petroleum-based fuels we use today.

And, according to a New York Times editorial:

Refining and then burning a gallon of gasoline derived from coal would send nearly twice as much carbon dioxide into the atmosphere as a conventional gallon of gasoline and would thus be a disaster for global warming. Trying to sequester the carbon dioxide underground during the refining process would be hugely expensive.

And let us not forget that the Democrats won’t forget, especially with Rep. Henry Waxman of California swinging a gavel:

The House Committee on Oversight and Government Reform will hold a hearing on January 30 regarding political interference in the work of government climate change scientists.
In preparation for the hearing, Chairman Waxman and Ranking Member Davis have requested documents from the Council on Environmental Quality related to allegations that officials edited scientific reports and took other actions to minimize the significance of climate change. Letter to CEQ Chairman James Connaughton.


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