Steven Holt: “The Chinese will be buying technology. There is no question. They would prefer not to pollute their skies. They are…”

“The Chinese will be buying technology. There is no question. They would prefer not to pollute their skies. They are trying to clean up for the Olympics; but they are growing fast, they need the power, they would welcome cleaner power. As evidence of that, I would say that their auto fleet is already more efficient than ours. Because the technology is available, that is what they are buying. It would apply across the board in energy technologies, China, Southeast Asia, India, yes, and Europe. The gentleman from Washington spoke about American ingenuity. You know we in Jersey call it Yankee ingenuity, but no aspersions on those from Southern States or Western States. That is what it was known as, or good old American know-how. We can do it. The new Apollo Energy legislation that I joined the gentleman in the last Congress, talked about incentives, demonstration projects and investments and research and development. They are, indeed, investments that would pay off big.”