Luft calls for open fuel standard to break oil dependency, promote competition in fuel sector
Is an open fuel standard the answer to ending the United State's dependency on foreign oil? Should the market be given the opportunity to choose which fuel to use? During today's OnPoint, Gal Luft, executive director of the Institute for the Analysis of Global Security and co-founder of the Set America Free Coalition, explains why he believes an open fuel standard is the most viable option for our future transportation fuel policy. He discusses OPEC's influence on current energy prices and analyzes the energy plan recently proposed by oilman T. Boone Pickens. Luft explains why he believes relying on natural gas to fuel our vehicles, as Pickens has suggested, would essentially create a new dependency issue for the U.S..