The U.S. Energy Policy should be based on the following principles:
Energy Security – an urgent program to move away from oil as fast as possible:
- Stage 1 – reducing oil’s strategic value by breaking its monopoly in the transportation sector.
- Stage 2 – drive a worldwide effort to shift away from oil.
Climate Change (global warming) – a balanced program between the short and long term goals. Run both programs in parallel:
- Priority 1 (next 15 years) – Implement oil replacement solution with positive net effect on global warming. Avoid GHG lock-ins (e.g., improve building efficiency, utilities decoupling).
- Priority 2 (next 50 years) – an economic and scientific based program targeting the main sources of global warming worldwide.
Economic Development – all programs should accelerate economic development. The energy policy should provide the U.S. with a competitive and strategic advantage that will improve the well being of our people. We should strive for the most economically competitive solutions.We are spending $1 trillion a year on importing oil and defending it. It is a liability – a drain on our economy. We should change our energy policy into an economic asset.
Longevity – the policy should take into account the reduced worldwide availability of oil, natural gas and coal and their long term effect on our environment, economy and security. The policy should be built around a gradual but continual rollout plan of new sources of energy to replace the current dominant fossil based resources.The growth of the developing world and its energy consumption will shorten the current time estimates of the availability of critical resources. We must plan for worst case scenarios.