THE BLOG
02/01/2006 10:20 am ET | Updated May 25, 2011

President Bush Kicking the Oil Habit Again

In his State of the Union address in 2002 President Bush called for "making America less dependent on foreign oil". The average US imported price of oil in 2002 according to the International Energy Agency was $23.52 a barrel.

In his State of the Union address in 2003 President Bush called for "steps to promote energy independence". The average US imported price of oil in 2003 was $27.66 a barrel.

In his State of the Union address in 2004 President Bush called on Congress to pass legislation to "make America less dependent on foreign sources of energy." The average US imported price of oil in 2004 was $35.86 per barrel.

In his State of the Union address in 2005 President Bush called for "A comprehensive energy strategy...including safe clean nuclear energy... that makes America more secure and less dependent on foreign energy...my budget provides for leading edge technology from hydrogen fueled cars, to clean coal, to renewable sources such as ethanol". The average US imported price in 2005 of oil rose to well over $50 a barrel.

In yesterday's State of the Union address the President proclaimed that "America is addicted to oil". Yes. And the average US price of imported oil now exceeds $60/bbl!

Given all the sermonizing on this issue in years past. One needs ask whose side is the President on -the oil patch or the rest of the nations citizens? (see my post "Oil Company Profits and Our National Security" 1/26/06) Since the outset of the war on terror the price of oil has escalated some 250 percent enriching the oil companies beyond their wildest dreams and creating the construct for one of the most massive transfers of wealth in history, of billions upon billions to oil producing nations of the OPEC cartel with their dysfunctional governments and malign designs on our liberties and way of life.

Senator Charless Schumer, Democrat, New York was quoted "The president said tonight that Americans were addicted to oil but this Administration is addicted to oil companies, and we won't achieve energy independence until the administration breaks its addiction".

How can we tell if the addiction is broken? A persuasive sign that the fever is ebbing or beginning to break will be the average US price of imported oil at the time of President Bush's next State of the Union speech in January 2007. If it's up again, then so much for hot air. If it's down, then perhaps, perhaps our administration is becoming serious on this vital issue in the interests of all the nations citizens.