Here is the portion of his speech dealing with alternative
“Keeping America competitive requires affordable
energy. And here we have a serious problem: America is addicted
to oil, which is often imported from unstable parts of the world.
The best way to break this addiction is through technology. Since
2001, we have spent nearly $10 billion to develop cleaner, cheaper,
and more reliable alternative energy sources -- and we are on the
threshold of incredible advances.
“So tonight, I announce the Advanced Energy
Initiative -- a 22-percent increase in clean-energy research --
at the Department of Energy, to push for breakthroughs in two vital
areas. To change how we power our homes and offices, we will invest
more in zero-emission coal-fired plants, revolutionary solar and
wind technologies, and clean, safe nuclear energy.
“We must also change how we power our automobiles.
We will increase our research in better batteries for hybrid and
electric cars, and in pollution-free cars that run on hydrogen.
We'll also fund additional research in cutting-edge methods of producing
ethanol, not just from corn, but from wood chips and stalks, or
switch grass. Our goal is to make this new kind of ethanol practical
and competitive within six years.
“Breakthroughs on this and other new technologies
will help us reach another great goal: to replace more than 75 percent
of our oil imports from the Middle East by 2025. By applying the
talent and technology of America, this country can dramatically
improve our environment, move beyond a petroleum-based economy,
and make our dependence on Middle Eastern oil a thing of the past.”
In 2005 Americans faced the biggest hike in energy
prices in over 15 years. Bush is trying to ease anxieties about
rising energy costs by further funding and advancing alternative
energy technologies, but some analysts say larger steps need to
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