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Home > News > President Discusses American Competitiveness

February 2nd, 2006

President Discusses American Competitiveness

The President: I talked about energy the other day, and Tim mentioned it. I guess I shocked some people, being from Texas, to say we're addicted to oil, but we are, and it's a problem. It's a problem -- it's a national security problem and an economic security problem. Touring here and seeing the great benefits of nanotechnology, I'm beginning to get a better sense of how nanotechnology plays into fuel cells, for example, and the capacity for us to have hydrogen automobiles. I know that technology will end up leading away from dependence on oil. I know it's going to happen. I'll tell you why I'm optimistic about it, is because the scientists there in Washington, those in the Energy Department, believe we're darn close to a couple very important breakthroughs.


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