Admitting oil addiction.President Bush famously admitted in his State of the Union address “State of the Union” redirects here. For other uses, see State of the Union (disambiguation). The State of the Union is an annual address in which the President of the United States reports on the status of the country, normally to a joint session of Congress (the last January that "America is addicted to oil." E took a look at our addiction in "The Outlook on Oil" (cover story, January/February 2006). Now the International Energy Outlook (IEO IEO Instituto Español de Oceanografía IEO Independent Evaluation Office (IMF) IEO Istituto Europeo di Oncologia (Italy) IEO International Exchange Office IEO Information Exploitation Office ) reports that the U.S. actually decreased its oil consumption in 2005. But the IEO said the dip was something other than a sign of personal virtue. The 0.4 percent decline in demand "resulted from a combination of high prices, hurricane-related disruptions and a mild winter." The world is moving in the other direction. In its latest Vital Signs report, the Worldwatch Institute The Worldwatch Institute is a globally-focused environmental research organization. Based in Washington, D.C., the institute was founded in 1974 by Lester Brown. Christopher Flavin is the current president. says that global oil use crept up 1.3 percent from 2004 to 2005. The group warns that continued reliance on oil could derail de·rail intr. & tr.v. de·railed, de·rail·ing, de·rails 1. To run or cause to run off the rails. 2. economic efforts in developing countries. "Of the world's 48 poorest countries, 33 are net importers of oil; more than half of these are completely dependent on imports," it says. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Department of Energy, demand for energy in the developing world is scheduled to grow at an average annual rate of three percent between 2003 and 2030. CONTACT: International Energy Outlook, www.eia.doe.gov/ oiaf/ieo/oil.html; Worldwatch Institute, (202)452-1999, www.worldwatch.org. |
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