Getting Serious About Alternative Energy

More on that in a moment. First, let’s be clear: Oil is different from other products. If the French offend me, I can buy wine from Australia instead. If the price of beef goes up, I can dine on lamb. But oil enjoys a kind of monopoly: If you drive a car, you have no choice but to buy fuels refined from petroleum, a resource most abundant in countries where hostility toward Americans runs high. Currently, we spend about $150 million a day on oil from the Persian Gulf and more than $70 million a day on oil from Venezuela.

Two obvious solutions: (1) Develop liquid fuels from other resources; (2) develop vehicles that can run on something other than liquid fuels.

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