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Bush Sees Ethanol-Fueled Plug-in Hybrids as Key to Future

Bush said he envisioned a future in which a plug-in hybrid car could drive 40 miles on a lithium-ion battery, then stop at a filling station for ethanol, a fuel usually made from corn, similar to HyMotion Prius pictured below.

Published: 20-Feb-2006

MILWAUKEE, Feb 20 (Reuters) - The United States must reduce its dependence on oil from foreign countries that can hold it hostage, President George W. Bush said on Monday as he tried to revive an agenda obscured by controversy over Vice President Dick Cheney's hunting accident.

"Some of the nations we rely on for oil have unstable governments or fundamental differences with the United States," Bush said in a speech at the start a two-day swing through Wisconsin, Michigan and Colorado.

"These countries know we need their oil and that reduces influence. It creates a national security issue when we're held hostage for energy by foreign nations that may not like us," he added, without naming the countries.

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Visits to China, India, Malaysia and Pakistan are significant because the trip spells out the Saudi Kingdom's Look East policy, representing a new reorientation in its foreign policy that was heavily tilted toward the West.

The worst two scenarios suggest a drastic decline in output to 875,000 barrels a day by the end of 2007 and to just 520,000 a day by the end of 2008.

The following is a transcript of remarks by the President at a panel on energy conservation and efficiency at the National Renewable Energy Laboratory, Golden, Colorado:

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