The Hill: Petroleum group exec urges caution over renewables

Excerpt:
"Red Cavaney, president and CEO of the American Petroleum Institute (API), said President Bush’s goal of producing 35 billion gallons of alternative fuels in the next decade is unrealistic.

Bush announced that goal during his State of the Union address as a way to both reduce the country’s dependence on foreign oil and curb greenhouse gas emissions.

In 2005, Congress adopted a federal mandate for the production of 7.5 billion gallons of corn-based ethanol by 2012.

http://thehill.com/business--lobby/petroleum-group-exec-urges-caution-over-renewables-2007-04-20.html

Alex

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