○  energy and the national goals - a crisis of confidence  ○

point three: to give us energy security, i am asking for the most massive peacetime commitment of funds and resources in our nation’s history to develop america’s own alternative sources of fuel -- from coal, from oil shale, from plant products for gasohol, from unconventional gas, from the sun.

i propose the creation of an energy security corporation to lead this effort to replace two and a half million barrels of imported oil per day by 1990. the corporation will issue up to five billion dollars in energy bonds, and i especially want them to be in small denominations so average americans can invest directly in america’s energy security.

just as a similar synthetic rubber corporation helped us win world war ii, so will we mobilize american determination and ability to win the energy war. moreover, i will soon submit legislation to congress calling for the creation of this nation’s first solar bank which will help us achieve the crucial goal of twenty percent of our energy coming from solar power by the year 2000.

these efforts will cost money, a lot of money, and that is why congress must enact the windfall profits tax without delay. it will be money well spent. unlike the billions of dollars that we ship to foreign countries to pay for foreign oil, these funds will be paid by americans, to americans. these will go to fight, not to increase, inflation and unemployment.

point four: i’m asking congress to mandate, to require as a matter of law, that our nation’s utility companies cut their massive use of oil by fifty percent within the next decade and switch to other fuels, especially coal, our most abundant energy source.

point five: to make absolutely certain that nothing stands in the way of achieving these goals, i will urge congress to create an energy mobilization board which, like the war producti

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