When you have a hammer everything is a nail....
I'm right now listening to President Bush's press conference on a new energy policy and I feel like nothing has changed. The answer again remains ANWR (Arctic National Wildlife Refuge) as it has been for the past 7 years. Have to give him credit, he is persistent. Throughout the press conference he spoke about the new technologies that will allow environmentally friendly drilling. So much emphasis on supporting technology when it comes to oil acquisition, but where is the policy leadership to support technologies that reduce oil consumption. Well, I won't go into what's motivating this focus.
Let me put it this way, ANWR drilling remains an exploration project. It's unclear how much oil is there and whether it will make a difference. This we do know, supporting energy consumption reduction technologies with hybrid technologies, public transit, human powered vehicles will definitely work. If we really care about energy independence in this country, then talking about both sides of the oil equation is mandatory. Instead it's almost always about production to meet our consumption.
President Bush had it right, the demand curve is outpacing the supply curve. Time to lower the demand curve too. When you are more efficient you are forever, when you drill for new oil you're only good for how much oil is in the ground. Which one is the real solution?