Page added on July 6, 2006
The White House has promised aggressive initiatives in alternative fuels, more efficient technologies and fresh exploration for conventional energy. But it has shied away from any measures that might significantly reduce energy consumption in the short term.
“The Bush administration very much reflects the free market ideology on fuel, which is that the government does not have much to add to the market,” says Bill Prindle, deputy director at the American Council for an Energy Efficient Economy (ACEEE). “The only exception is government investment in technology, which under Bush is in long-term and highly risky technology. The problems are looming but the solution Bush proposes is largely in research that may take decades to pay off, if at all.”
Financial Times
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