More evidence that Bush and GOP were very bad for this country's energy security...
National Energy Index: The Bush-McCain Energy Record
October 2, 2008
Approximately seven years after Vice-President Cheney began his secret energy meetings with special interests, the rising costs of the failed Bush-McCain energy policy continue to be felt by middle-class families. The failed Republican energy policies have also threatened America's national security because America has become increasingly dependent on oil from foreign nations. The following Fact Sheet outlines the Bush-McCain record on energy since 2001 and includes references to measures considered by Senate Democrats that would have increased America's production of renewable energy and reduced America's dependence on oil.
Top Ten Bush-McCain Energy Statistics
Percentage increase in gasoline prices since President Bush took office[1]:
155%
Percentage increase in oil prices since President Bush took office[2]:
231%
Increase in wealth sent from America to OPEC countries per month since President Bush took office[3]:
$22 billion
Increase in oil imports per day from OPEC countries since President Bush took office[4]:
500,000 barrels
Percentage increase in residential electricity prices since President Bush took office[5]:
21%
Percentage increase in residential natural gas prices since President Bush took office[6]:
81%
Percentage increase in diesel prices since President Bush took office[7]:
163%
Increase in oil profits for the five largest oil companies since President Bush took office[8]:
$85 billion
President Bush's proposed cuts for renewable energy and energy efficiency research and development in his last budget[9]:
$467 million
Number of times Bush Republicans in the Senate have voted against renewable energy and energy efficiency tax credits[10]:
8
Bush-McCain Record on Oil Prices
Price of a barrel of oil, September 23, 2008[11]:
$106.61
Price of a barrel of oil, January 22, 2001[12]:
$32.21
Percentage increase in price between January 22, 2001 and September 23, 2008[13]:
231%
Highest closing price for a barrel of oil in nominal dollars, set on July 3, 2008[14]:
$145.31
Amount estimated by Moody's Economy.com that excessive oil market speculation adds to the price of a barrel of oil[15]:
$30
Number of Republican Senators who voted against having adequate regulation of excessive oil speculators[16]:
43
The Bush-McCain Record on America's Oil Dependence
Total amount spent on oil and petroleum product imports in 2007[17]:
$319 billion
Total amount spent on oil and petroleum product imports in 2001[18]:
$101 billion
Percentage increase in total amount spent on oil and petroleum products imports between 2001 and 2007[19]:
216%
Net crude oil and petroleum imports per day in 2007[20]:
12 million
Net crude oil and petroleum imports per day in 2001[21]:
10.9 million
Percentage increase in net crude oil and petroleum imports between 2001 and 2007[22]:
10 percent
Total amount spent on oil and petroleum products per month in 2007[23]:
$39.5 billion
Total amount spent on oil and petroleum products per month in 2001[24]:
$9.1 billion
Percentage increase spent on oil and petroleum products between 2001 and 2007[25]:
331%
Number of Republican Senators, including Senator McCain, who petitioned the Bush Administration to curtail our nation's use of home-grown renewable fuels[26]:
24
The Bush-McCain Record on Oil Profits
Amount of profits the five largest oil companies have made since President Bush took office[27]:
$647 billion
Amount of profits the five largest oil companies made in 2007[28]:
$124 billion
Amount of profits the five largest oil companies made in 2001[29]:
$39 billion
Percentage increase in oil profits of the five largest oil companies since President Bush took office[30]:
218%
Number of times Senate Republicans blocked legislation to revoke subsidies for the major oil companies in the 110th Congress[31]:
4
The Bush-McCain Record on Gasoline Prices
Retail price of a gallon of regular gasoline, September 23, 2008[32]:
$3.72
Retail price of a gallon of regular gasoline, January 22, 2001[33]:
$1.46
Percentage increase in regular gasoline prices between September23, 2008 and January 22, 2001:
155%
Weeks in 2008 when the average retail price for a gallon of regular gasoline was at least $3[34]:
34
Weeks in 2008 when the average retail price for a gallon of regular gasoline was at least $4[35]:
7
Weeks in 2001 when the average retail price for a gallon of regular gasoline was below $2[36]:
52
Record retail price of a gallon of regular gasoline, July 11, 2008[37]:
$4.11
Number of Republican Senators who voted against legislation that would punish gasoline price gougers[38]:
42
The Bush-McCain Record on Electricity Prices
Average residential price for a kilowatt of electricity in 2006[39]:
8.58 cents
Average residential price for a kilowatt of electricity in 2001[40]:
10.4 cents
Percentage increase in residential electricity price for a kilowatt of electricity since 2001[41]:
21 %
Average monthly residential electricity bill in 2006[42]:
$95.66
Average monthly residential electricity bill in 2001[43]:
$80.98
Percentage increase in monthly residential electricity bills between 2006 and 2001[44]:
18%
Number of Republican Senators who voted against an energy bill that contained a 15 percent renewable electricity standard[45]:
39
Estimated percentage increase in wind power that could be achieved by a 15 percent renewable electricity standard[46]:
50
Estimated price increase for the national average price per kilowatt hour for electricity if a 15 percent renewable electricity was achieved by 2030[47].
.1 cents
The Bush-McCain Record on Natural Gas Prices
Average residential price per thousand cubic feet of natural gas in 2001[48]:
$9.63
Average residential price per thousand cubic feet of natural gas in 2008[49]:
$14.35
Percentage increase in monthly residential natural gas prices[50]:
49%
Number of Republican Senators who voted against an energy bill that contained a 15 percent renewable electricity standard[51]:
39
Estimated cumulative decrease in residential expenditures on natural gas if a 15 percent renewable electricity standard was achieved by 2030[52]:
$1 billion |
