Tumblr Icon RSS Icon

SOTU: Dependence on Foreign Oil Has Increased Under Bush

Posted on

"SOTU: Dependence on Foreign Oil Has Increased Under Bush"

Share:

google plus icon

Bush said: “Keeping America competitive requires affordable energy. Here we have a serious problem: America is addicted to oil, which is often imported from unstable parts of the world.”

FACT — BUSH HAS INCREASED DEPENDENCE ON FOREIGN OIL: Sixty-six percent of oil consumed in the United States comes from foreign sources, up from 58 percent in 2000. Americans now spend $200,000 a minute on foreign oil and more than $25 billion annually goes to Persian Gulf states for oil imports. [Energy Information Administration, 1/06; American Progress, 2004]

FACT– BUSH ENERGY BILL WILL NOT REDUCE RELIANCE ON FOREIGN OIL: The energy bill signed and supported by President Bush “rejected a Senate provision that required reduction of oil consumption by one million barrels per day by 2015.” Under the bill, “our need for imported oil will continue to grow for as long as models are able to project.” [U.S. House Committee on Government Reform, 7/05]

« »

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.