In recent days, critics have accused President Bush and his new chief of staff of doing nothing more than shuffling around the deck chairs on the Titanic, as they shift, hire and fire senior White House officials while the president's popularity continues to plummet. Personally, I think that is a totally unfair charge unfair to the captain of the Titanic. After all, he knew where he was going. His lookouts just couldn't see the iceberg spar lurking beneath the surface in their path until it was too late.
This administration, and its captain, have been staring the iceberg right in the face for years it's called dependence on foreign crude oil. It has been totally visible, for miles and miles. And yet the Bush team has just kept sailing right into it, refusing to ask the American people to do anything hard to put America on a different energy course.
What is this iceberg staring us in the face? It is the fact that energy, broadly defined, has become the most important geostrategic and geoeconomic challenge of our time much as the Soviet Union was during the Cold War for four reasons:
First, we are financing both sides in the war on terrorism: financing the U.S. military with our tax dollars, and Islamist radicals and states with our energy purchases.
Second, continued dependence on fossil fuels is going to bring on climate change so much faster in an age when millions of new consumers in India and China are driving cars and buying homes. And that's why renewable fuels and energy-efficient cars, buildings and appliances are going to be the biggest growth industry of the 21st century. The tougher the energy-efficiency standards we impose on our own companies, the more likely it is that they will dominate this new industry.
Third, because of the steady climb in oil prices, the seemingly unstoppable wave of free markets and free peoples that we thought was unleashed by the fall of the Berlin Wall is now being stymied by a counterwave of petro-authoritarian states like Iran, Venezuela, Russia, Nigeria and Sudan which now have more petro-dollars than ever to do the worst things for the longest time. They will poison the post-Cold War world unless we bring down the price of crude.
Fourth, we will never plant the seeds of democracy in Iraq and the wider Arab world if we don't also bring down the price of oil. These Arab oil regimes will not change unless they have to, and as long as oil prices are soaring they won't have to. Iraq will become just another Arab state that taps oil wells instead of developing its people.
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