I believe that after terrorism and the proliferation of weapons of mass destruction, our increased dependence on petroleum represents the biggest single threat to our nation's economy and national security.
Highlights petroleum dependence as a major threat to economy and security.
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More from Frederick W. Smith
The combination of the leadership of the Congress in deregulating transportation and the funding mechanism that was put in place to build our transportation infrastructure was very important to the economic prosperity of this country.
We are now at levels of Federal infrastructure spending that have not been seen since 1948 as a percentage of GDP.
We ought to produce them and use some of the revenues to develop new alternatives and fund infrastructure.
Pound for pound, dollar for dollar, activity for activity, it is hard to find a thing the United States has done that is more effective than ARPA-E.
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