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May 16, 2005
The whole speech transcript
Wow, in the very next mail: President Discusses Biodiesel and Alternative Fuel Sources
Reading it, the President spent about 2/3 of the speech talking SPECIFICALLY about alternative fuels like boidiesel. Only a tiny portion was on his "stump" issues of the energy bill. The mainstream press decided to ignore all the positive news around alternatives and focus on the parts with the highest negatives. Typical. Here are some interesint excerpts:
One of the things that is really important for government is to make sure that the environment is such that the entrepreneurial spirit remains strong. Ever since I've been elected, I tell people that the role of government is not to try to create wealth, but an environment in which people are willing to take risks. That's the role of government. And across our nation, small businesses like Virginia BioDiesel are taking risks and are developing innovative products. As a matter of fact, small businesses create most of the new jobs in America. I don't know if you know that or not, but 70 percent of new jobs in this country are created by small businesses and entrepreneurs. And I'm pleased to report that the small business sector of America is strong today. As a matter of fact, over the last two years we have added 3.5 million new jobs. More Americans are working today than ever in our nation's history. (Applause.)
A recent study by Oak Ridge National Laboratory projected that biofuels, such as ethanol and biodiesel, could provide about a fifth of America's transportation fuel within 25 years. And that would be good for our kids and our grandkids. (Applause.) So there are some things we can do to bring that prospect closer to reality. We have extended federal tax credits for ethanol through 2007, and last year I signed into law a 50-cent-per-gallon tax credit for producers of biodiesel. (Applause.)
There's ways government can help. Congress needs to get me a bill that continues to help diversify away from crude oil. (Applause.) My administration supports a flexible, cost-effective renewable fuel standard. Its proposal would require fuel producers to include a certain percentage of ethanol and biodiesel in their fuel. And to expand the potential of ethanol and biodiesel even more, I proposed $84 million in my 2006 budget for ongoing research. (Applause.) I think it makes sense. I think it's a good use of taxpayers' money to continue to stay on the leading edge of change. And in this case, by staying on the leading edge of change, we become less dependent on foreign sources of oil. (Applause.)
Posted by Martin at May 16, 2005 09:04 PM
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