- Don NicolussiParticipant@donJoin Date: 2005Post Count: 1,086
this time !!!Bush urges end to oil ‘addiction’
President George W Bush has warned the US must break its “addiction” to oil, in his State of the Union address.
He said the US was too reliant on oil, often from “unstable” countries, and had to find alternatives.
The Middle East featured strongly in the speech, in which Mr Bush warned of “danger and decline” if the US failed to face up to outside threats.
Security and the economy were also dominant themes of the speech, at the start of a critical election year.
In his televised, prime-time address, Mr Bush described the nation’s dependence on imported oil as “a serious problem”.
“The best way to break this addiction is through technology,” he said, pledging to seek a 22% increase in funding for clean energy research, including nuclear and renewable energy.
He said he was aiming for a 75% cut in US oil imports from the Middle East by 2025.
‘Winning in Iraq’
Warning against isolationism, Mr Bush said the only way to “secure the peace” and protect Americans would be through leadership.
The only way to control our destiny is by our leadership
President George W Bush
He vowed to fight to defend freedom, whose advance was “the great story of our time”.
Mr Bush described Iran as a nation “held hostage by a small clerical elite that is isolating and repressing its people”.
He urged Iranian citizens to assert their freedom from their rulers, and said “the nations of the world must not permit the Iranian regime to gain nuclear weapons”.
He called on the Palestinian election victors, Hamas, to “recognise Israel, disarm, reject terrorism, and work for lasting peace”.
US-led forces were winning the war in Iraq, Mr Bush insisted, saying a hasty withdrawal would “abandon our Iraqi allies… and show that a pledge from America means little”.
One of his sternest critics on Iraq, Cindy Sheehan, whose son died there on US active service, was arrested in the Capitol building before the speech got under way, reportedly because she was wearing a T-shirt with a war-related slogan.
Mr Bush also made reference to the controversial issue of human cloning, saying legislation would be drawn up to prevent “the most egregious abuses of medical research – human cloning in all its forms”, the president said.
Addressing the country’s financial situation, Mr Bush said the US must take on new entrants to global markets, not resort to protectionism.
Other Opec suppliers are Algeria, Libya, Nigeria and Venezuela
Other leading non-Opec suppliers include Angola, Russia and the Virgin Islands
“The American economy is pre-eminent – but we cannot afford to be complacent. In a dynamic world economy, we are seeing new competitors like China and India.
“We will choose to build our prosperity by leading the world economy – or shut ourselves off from trade and opportunity,” he said.
He promised to reduce spending by cutting 140 non-security related government programmes, in an effort to reduce the mammoth budget deficit.
A Democrat congressman, Lloyd Doggett from Texas, called the speech “more of a state of his personal self-denial… whether it’s the disaster in Iraq, the mess that he’s made of our budget or the terrible cost of corruption that is plaguing this administration”.
Mr Bush has been enduring a prolonged slump in public support amid ongoing conflict in Iraq and political strife at home, with his approval ratings hovering around 41%.
Correspondents say he has suffered a series of embarrassments in domestic policy during the past 12 months, and that few of the reforms touted in last year’s speech have been achieved.
The president was also criticised amid administration mishandling of the devastating aftermath of Hurricane Katrina, which hit the Gulf Coast in August. In his speech he said New Orleans was being slowly rebuilt.
A series of scandals have increased domestic pressure on Mr Bush’s Republicans, who are defending a majority of seats in both houses of Congress in mid-term elections this November.
not sure how this one will pan out but the language of george w’s speech seems all too familiar.
at first read i thought that the author had mistakenly put iran instead of iraq.
China has added to the debate and urged the US to excercise “caution” in expanding its presence in the region.
I Buy Property http://www.cashflowproperties.co.nzCabo WaboParticipant@cabo-waboJoin Date: 2005Post Count: 117
George Bush is an ignorant idiot… plain and simple.
But the sad fact is that he is like a large proportion of our population in that he has no clue about political history, or of the precedents that have been set in the past.
Our society is based on lessons learn’t from our mistakes in the past. It is fundamental that people understand these lessons.
The problem today is that too many people only care about their mobile phone or whats on “big brother” tonight. They don’t care about the past. Our society these days is very short sighted.
That is why people like George Bush can do what they do. Because we are ignorant and arrogant.
If people learn’t more about things like the Atlantic Charter, the dismise of colonialism, the politcal history of the 2nd world war, or simply watched SBS world news, we would not have let an idiot like George Bush destabilise the world.
We took our rule book, which had been built on a century of mistakes and war, and chucked it out the window….. literally.
I am so frustrated with all this these days…. does it show?
PEOPLE SHOULD READ BOOKS!!!!!!!!!!!!!!!!!!!!!!!
Cabo WabofoundationMember@foundationJoin Date: 2005Post Count: 1,153
And to tie the two previous posts (Iran & SBS) together:IRANIAN OIL BOURSE.
Since 1973 oil has traded in US Dollars, and because the world needs more and more oil, at ever- increasing prices, the global demand for dollars has also increased.
So what would happen if an oil-rich country attempted to trade, and price its oil in Euros instead of dollars?
Iran is threatening just that with it’s the upcoming oil Bourse.
Saddam Hussein tried this in September of 2000, and following the US-led invasion in 2003, the Oil-for-Food Program was terminated, and Iraq’s euro accounts were switched back to dollars.
To understand the motives behind the proposed Iranian Oil Bourse, Greg Mulller spoke with American Information Security Analyst, William Clarke. In his book ‘Petrodollar Warfare’, William Clarke claims the threat to the US Dollar is real.
The opening of the Iranian oil bourse was planned for March but has been delayed to mid this year
– SBS Radio, 9th May
“Roll up! Roll up!” calls the United States, “Get your US dollars here! Currently 30 percent off, buy some now while they’re still worth more than the paper they’re printed on!”
“Oh, that sounds lovely,” reply China and Japan in unison.
“No thanks,”spits Iran, “I prefer my oil in Euros!”
The US turns toward Iran, snarls, raises its AK and releases the safety…
Err, metaphorically and hypothetically speaking of course!