Time for a Rational Energy Policy - Matthew Iak #5515

Financial Survival Network

Summary: As energy costs continue to skyrocket, we wonder if we can get out of the box we’ve put ourselves in and create a positive vision for the future. I have Matthew Iak on the show to discuss this energy phenomenon, and what’s in store. We need to use our resources to create efficiency, and make decisions that will eventually allow the US to be the biggest producer of oil and gas in the world. Tune in for more information. Highlights: -Energy costs are high because of supply and demand -The question is if we can get out of the box we’re in, and it will ultimately take political will -Diesel fuel is $6/gallon -Many politicians know that it is a path to nowhere, but it gets them elected -Bad policy has led us here, but good policy can lead us out -Global technology has helped with energy efficiency, and the future is hydrocarbons along with renewables -We need to use our resources to create efficiency -The US should be the biggest producer of oil and gas in the world -With climate change, we continue not to do the things that we should do -We need to realize that oil and gas are one of the most usable resources we’ll have in our lifetime -High prices kill the lower end of the socioeconomic ladder; it’s time to move forward in a positive direction Useful Links: Financial Survival Network US Energy Development Corporation