Energy crisis has three important parts
Clark was at political event recently and one of the topics that kept coming up was energy. People kept mentioning the need for more oil refineries and creating more supply. That’s true, but there are two more pieces of the puzzle. We make up 4 percent of the world population, but we use about a quarter of its oil. So, we need alternative forms of energy and we need to decrease our demand. Some car companies are working on this effort. Honda, for example, is planning to introduce several vehicles that get 50 miles to the gallon or more. That’s in town! Honda is also going to introduce some more diesel cars that burn much cleaner fuel. We are in the early innings of a multi-inning game here. It will take decades to get where we need to be, but the smaller gains can happen quickly. Three years from now there will be a lot more technologies in use, including plug-in hybrids. It gets you an average fuel economy of more than 100 miles per gallon because it’s run partly on electricity and partly on gas. You charge the electric battery and get 40 to 60 miles on electricity when you “unplug” the car. Then the gas engine kicks in. Most people drive a moderate number of miles every day, so the car never needs gasoline. It’s ingenious!
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