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President Bush continues to amaze his core supporters by campaigning for ending our national "oil addiction" and reducing Middle East oil imports by 75 percent by 2025. Out goes advocacy of increased production--and in comes a paean to technology, ethanol and other alternative energy without anything like the budgetary resources needed to make these alternatives real. Inconveniently, the truth is that oil and gas will be essential to the economic growth of the U.S., our industrial partners, and rapidly developing China and India among many others.
Wind, solar, biomass and other alternative energy sources supply less than 7 percent of our requirements; even crash ...