The Wall Street Journal asked House Majority Leader Steny Hoyer (D-Md.) how he would spend $10 billion of the country’s monetary resources. He says it should be spent on clean energy:
A dramatic investment in clean energy would be the most effective check on aggressive petroregimes from Moscow to Tehran. It would be the best long-term solution to global warming. And energy independence is the most effective step we can take for American families staggering under the burden of high gas prices.
That’s because the forces that have produced this summer’s record prices are not going away. We are facing skyrocketing world demand for an ever-shrinking quantity of oil, and unless Congress figures out a way to amend the laws of supply and demand, that fundamental fact is not going to change. This is a large-scale problem, and it’s going to take large-scale solutions.