President Bush defended the huge profits of Exxon Mobil Corp. Wednesday, saying they are simply the result of the marketplace and that consumers socked with soaring energy costs should not expect price breaks.

Bush, a former Texas oilman, said of oil costs, "I think that basically the price is determined by the marketplace and that's the way it should be."

"I believe in a relatively quick period of time, within my lifetime, we'll be able to reduce if not end dependence on Middle Eastern oil by this new technology" of converting corn, wood, grasses and other products into ethanol, he said.

In his address Tuesday night, Bush had set a goal of reducing the nation's Mideast oil imports by 75 percent by 2025.

Bush dismissed the idea of increasing fuel efficiency standards for cars, trucks and SUVs as a way of curbing foreign oil dependence. "My plan is to diversify away from oil. ... You're asking questions about how you deal with cars running on gasoline made from oil, I'm telling you let's get some cars running on fuel other than oil.”

Quotes from an interview Dubya gave to AP yesterday in Nashville Tenn.

I just love the way this administration expects people to believe anything they say and go along with blatant pandering to the big business fat cats who are raping the American people so they can keep getting huge contributions to buy future elections.

I just can’t get my mind around the concept that in a time when there is a shortage of gas due to lost refining capacity and rampant price gouging by everyone in the supply chain, how, Dubya can pass it off as normal market pressure. Especially as people are using less gas.

Well I guess it’s been obvious who owns the politicians in this country.
From what he said he’s giving the big oil and energy companies another 19 years to gouge and then buy up all the technologies that he’s touting as the answer to all our energy needs.

He also made it plane that the automakers don’t have to improve mileage in cars to reduce dependence on Mideast oil. Cars today shouldn’t be running on oil products at all today. They have already squandered more than 30 years and have lowered the mileage requirements for cars today. I saw an add on T.V. from one of the U.S. car companies and toward the end they were bragging that the car got 25 miles to the gallon on the highway. I can’t remember what car it was but it was a regular sedan. I can remember when they were getting 30 to 40 MPG in the mileage tests.

He also didn’t mention some of the technologies that could be used. Fuel cells work now but there hasn’t been enough incentive to improve them. I still can’t understand why they think it’s a good Idea to put a Gas powered motor on an electric car. They could use a fuel cell that burns ethanol or a small engine using hydrogen.

Funny, Dubya’s plan will still only reduce our Mideast oil consumption by 75% and that is in 19 years. We will be in direct competition with China for every drop at that time.

The other thing I find interesting is that Dubya said that his priority this year is campaigning for Republican candidates to ensure a continuation of their control of Congress and as many states as possible.

Gee, I don’t remember that part of the oath he took last year.
Well, it’s obvious he can’t remember any of the oath.