The President on Peak Oil

THE PRESIDENT: "See, what's changed is the global supply for fossil fuels is outstripping the -- the global demand is outstripping the global supply, and so you're seeing a price of the feedstock of normal energy going up, and technology driving the price of alternatives down. And that's why this is a really interesting moment that we're going to see. It has changed a lot of thinking. The price of natural gas and the price of crude oil has absolutely made these competitive alternative sources of energy real. And the question is, do we have the technological breakthroughs to make it such that it can get to your gas tanks."

The above is a quote from President Bush's recent speech at the National Renewable Energy Lab. I guess he is contradicting the Vice President as Mr. Cheney was recently quoted as saying that conservation offers no solution to the energy situation. Or maybe not. Click here for a link to the complete text.