I understand that the word ``crisis'' in Chinese is written with two characters. The first means danger and the second means opportunity. It occurs to me that that's really where we are in our country today when it comes to energy. We've got both a danger and an opportunity. Of course, this may sound a little bit dated because, you know, 6 months, 8 months ago on this House floor we were talking about prices of gasoline at $4 a gallon or something. Now, gas at $1.60 a gallon is a sleeper cell waiting to detonate, and it will eventually detonate. So we get this enormous danger. We saw the danger this summer. It became real and present, and we saw what happened when gas hit $4 a gallon. Now, it's going to get a little bit of a sleeper cell action going on here where it's $1.50, $1.60, $1.70. But what we've got there is a huge danger looming for us in the future. We've also got, though, this incredible opportunity. In this midst of this economic downturn, we're looking for jobs. We're looking for a way to create productivity for the future and to get beyond just stimulus and into long-term growth. So, in that regard, I had an opportunity to visit with the wind unit of General Electric Company in Greenville, South Carolina, recently, and they told me that 1 percent of the world's electricity is made from the wind. If it goes to 2 percent, just from 1 percent to 2 percent of the world's electricity coming from wind, it's $100 billion in sales, $100 billion.…
Bob Inglis: “I understand that the word ``crisis'' in Chinese is written with two characters. The first means danger and the second…”
Editor's note · Context
Discussing the dual nature of the energy crisis as both a danger and an opportunity for economic growth.
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