Page added on March 18, 2009
Twenty-one years ago, President George H. W. Bush admitted that he lacked “the vision thing,” but when it comes to energy and transportation policy, nearly all of our leaders since him have been equally impaired.
Despite having lived through the oil shock of the early 1970s, only to see our oil imports since then rise steadily to two-thirds of our consumption today…
Despite increasingly urgent warnings from agencies such as the IEA, who warned one month ago that if oil demand recovers in 2010, global spare oil production capacity would fall to zero by 2013, sending oil prices skyrocketing…
Despite ample evidence and clear mathematics that the world could be down to 75% of today’s energy budget in 20 years, down to less than 50% in 40 years, and down to less than 10% in 80 years…
The US still has no plan whatsoever to deal with the impending energy crisis, a crisis that threatens to drastically shrink our economy and change our way of life forever. Nobody is driving this bus; we’re all passengers.
After nearly 40 years of evidence that finite energy supplies inexorably reach a point of diminishing returns, I can only ask: Why do we still not have a plan? Any plan?
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