“The cause for the steep price increases is basic Economics 101 — demand is greater than supply,” he said. “We can easily and comfortably reduce demand and be less dependent on OPEC nations for oil by simply supporting and using energy efficient technologies that are available in the marketplace today.”
Nemtzow said that the nation has not learned the lessons of the 1970s, following the OPEC oil embargo, which prompted the founding of the Alliance to Save Energy by senators from both political parties.
“Today, OPEC is in the driver’s seat, and Congress has given them the keys,” he said. “Congress needs to take back those keys through Congressional action on the following:
Whether or not the Alliance’s proposals will be implemented is yet to be determined, but some here are giving the ideas serious consideration. At this point, however, implementation has little support in Congress and has not been addressed by car manufacturers or senators.
Publication date: 10/02/2000