A National Energy Policy (first in a series)

by Laura Ehrenberg-Chesler on April 21, 2009

in Economic Indicators,Investment Strategies

A recently published article by our favorite energy analyst, Fadel Gheit at Oppenheimer, calls for the need for a National Energy Policy.  As gasoline prices have fallen below $2.00 from a high of over $4.00, we cannot lose our collective will to have a plan for conservation and innovation.

 For the time being the world is in a recession, and therefore energy prices have dropped significantly, from $147 per barrel of oil to a range of $35-$40.  Right now is the best time to implement a comprehensive strategy.

 As a nation and as individuals we must set aggressive goals to reduce imports, increase production of oil, gas and renewable resources and ensure the safeguarding of our environment.

As Mr.Gheit succinctly stated in his article, “A far- reaching and balanced national energy policy could transform the U.S. from being the world’s largest energy-consuming nation into a world leader in energy innovation and conservation.”

 

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