It's hard to believe that, last year, America used less energy than it did in 1973. And yet, that's exactly what we did. And regulation played, and should continue to play a part in this.
All of the forgoing is true. But, it's not enough to say that regulation is the answer alone to ensuring our energy independence. We're human beings. We need carrots, as well as sticks, to shape our behavior. And, as Americans are suckers for new technology, that new technology is the biggest stick of all.
A lot of that energy-saving technology already exists, and a lot more is on the way. Take a look at this, just in case you thought hydrogen cars were dead.
And our efforts to save energy have important, perhaps unexpected, potential with regard to international economics and foreign relations. This might very well revolutionize the way approach foreign aid. And, perhaps it should.
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