G.W. Bush wrote:
... another great goal: to replace more than 75 percent of our oil imports from the Middle East by 2025.
So currently the oil imports from the Middle East are about 4 mbd. So a 75% reduction would be a 3 million barrels per day reduction by 2025. So in about 20 years the US is planning to replace 15% of it's oil consumption, so like 0.75% a year.
I would think the word he should have been looking for was 'reduce' not 'replace' and another word I would have expected was 'conservation'.
Why not speak directly to the American people (like he did to the Iranians) and tell them to conserve. Instead he told them that "we are on the threshold of incredible advances", given the people the belief that there is no need for them to do anything about it, it will be solved for them. He didn't tell them to change their lifestyles, but that he would replace part of their oil addiction with some other drug.
I would also have replaced the 'compete' with 'cooperate'. We face global issues, we should be cooperating, we don't have time to compete. Why does it always have to be about winning?