Less than half the crude oil used by refineries is produced in the United States, while 60 percent comes from foreign nations, Bush said during the first stop on a two-day trip to talk about energy.
Some of these foreign suppliers have ‘unstable’ governments that have fundamental differences with America, he said.
‘It creates a national security issue and we’re held hostage for energy by foreign nations that may not like us,’ Bush said.
Bush is focusing on energy at a time when Americans are paying high power bills to heat their homes this winter and have only recently seen a decrease in gasoline prices.
One of Bush’s proposals would expand research into smaller, longer-lasting batteries for electric-gas hybrid cars, including plug-ins. He highlighted that initiative with a visit Monday to the battery center at Milwaukee-based auto-parts supplier Johnson Controls Inc.
During his trip, Bush is also focusing on a proposal to increase investment in development of clean electric power sources, and proposals to speed the development of biofuels such as ‘cellulosic’ ethanol made from wood chips or sawgrass.”