Energy Efficiency Must be Foundation of National Energy Policy, Alliance to Save Energy President Tells Senate Energy Committee
U.S. Newswire, March, 2003
WASHINGTON, March 11 /U.S. Newswire/ -- Given that every oil price shock in U.S. history has been followed by a recession, Congress must tap the potential of energy efficiency to help the U.S. economy, the environment, and national security, Alliance to Save Energy President David M. Nemtzow told the Senate Committee on Energy and Natural Resources today.
Referring to recent large and growing price increases for oil, Nemtzow said, "Surely we can reduce demand for oil, and thus help to grow our economy, and that of the entire world. Lessening pollution and our deadly dependence on Middle East oil would seem a mere sideshow.
"Unnecessary and excessive oil dependence leads to oil price shocks which in turn slow the economy and send consumer confidence plummeting. They...
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