Peak oil at Bush press conference

U.S. President George W. Bush addressed peak oil in a roundabout way at a press conference yesterday that was largely devoted to gas prices and the economy. Several quotes clearly indicate that he understands the current state of world oil.

The answers? Explore more, drill more, buy new cars that can use electricity, grow more biofuels, add more refineries, and hope for cellulosic ethanol.

Meanwhile, a long-time Bush supporter groans but resolutely engages in wishful thinking and continued reality evasion.