Because we are so dependant on foreign oil, we make our enemies rich by buying their oil. IMO, the issue is not just economic – but has become one of national security.
I read that Brazil uses fuel made from sugar cane. In the US, we’ve talked for decades about ethanol made from corn, but nothing real has become of it.
I voted for Bush (twice), but this is an issue on which he’s thoroughly disappointed me (immigration too). He spends time and energy talking about gay marriage while not doing a damn thing about this issue. That makes me conjure up some conspiracy theories . . .
IMO, the President and Congress should pass tax incentives and DISINCENTIVES for the oil and the automobile companies to develop and implement a real alternative fuel.
Unless forced, these companies will not move away from oil.