Greenspan foresees inevitable shift to hybrid vehicles

<div class='quotetop'>QUOTE(Fibb222 @ Jun 8 2006, 01:28 PM) [snapback]268259[/snapback]</div>

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I'm usually pretty good at finding even the most obscure news articles. But - I really struck out on this one! I could NOT find one instance in all of Grreenspan utterances of him saying, "hybrids!"

HELP -

 

<div class='quotetop'>QUOTE(fphinney @ Dec 28 2006, 01:48 AM) [snapback]367576[/snapback]</div>

Here is one that is old

 

You didn't find it because the statements were made in June, 2006.

Greenspan Testimony PDF.

I did a google search using the quote and got these:

"Now that Alan Greenspan no longer chairs the Federal Reserve Board, he may be considering a career as a car salesman - a hybrid car salesman. "Higher oil prices will inevitably move vehicle transportation to hybrids," Greenspan told the Senate Foreign Relations Committee on Wednesday. Though the world's most famous central banker retired in January, his opinions are still valued by Congress. The Senate panel invited him back to discuss the risks posed to this country by dependence on foreign oil. Greenspan, known for his fractured syntax and often inscrutable comments, was clear about one thing: Americans' thirst for oil puts the country at the mercy of hostile foreign oil producers. The only hope for change, he said, is to dramatically lower demand for oil by switching to more fuel-efficient vehicles."
alternative energy news





“Current oil prices over time should lower to some extent our worrisome dependence on petroleum. Still higher oil prices will inevitably move vehicle transportation to hybrids, and despite the inconvenience, plug-in hybrids,†Greenspan said in his testimony. “With those developments, oil in the years ahead will remain an important element of our energy future, but it need no longer to be the dominant player,†Greenspan continued. "

Chaffee testimony

Greenspan sounds alarm on foreign oil

 

<div class='quotetop'>QUOTE(PriusBrian @ Dec 27 2006, 11:29 PM) [snapback]367582[/snapback]</div>

Thanks! I suppose that this might be the one he referred to?

 

The actual testimony is the PDF linked in my post if you want to read through the entire thing.

 

Although Greenspan's comments sound logical it doesn't seem to have happened. I remember when the price of gas doubled from 30c/gal to 60c/gal. and we needed to become more self sufficient instead of relying on Arab oil. 30 years later it still hasn't happened. We are now more dependant than ever. When will Americans stop buying vehicles they can't afford and won't be able to afford to run? Probably never.

 

<div class='quotetop'>QUOTE(JimN @ Dec 29 2006, 10:41 PM) [snapback]368474[/snapback]</div>

How unpatriotic! Don't you know it's every American's duty to overconsume?

How else do you expect us to enjoy our God-given liberties?