Why the Bush Oil (Energy) Policy Will Fail.(George W. Bush)

Five myths that may derail the administration's programs.

Following his four predecessors, President Bush has identified dependence on imported oil as an urgent energy, economic, and national security concern. The gap between consumption and domestic production is more than 50 percent of total oil consumption; by 2020 it will grow to 65 percent of consumption.

To close the `oil supply gap' the President will promote the development of domestic resources of oil and natural gas. The argument goes that increased domestic production will reduce dependence on imp