If you look historically, what creates growth and wealth is innovation and investment, and increase in scale - more customers.

Only electricity can give the transport sector the flexibility to switch fuels when one or more become too expensive.

I am not someone who tends to advocate for increased government involvement in the private sector.

There is no free market for oil. It's controlled by a cartel, OPEC.

It is impossible to manage the health care requirements of tens of millions of American citizens at the federal level. It is impossible to manage all of the permutations of people's economic aspirations and lives through a complex tax code. It is impossible to try to second-guess the market. It is impossible, from a managerial standpoint, for the federal government to do the things it is trying to do today.

Beginning in 1973 and then acts in '77, '78, 1980, 1994 and then into the 21st century in the international arena, governments have steadily gotten out of the transportation business.

If you look historically, what creates growth and wealth is innovation and investment, and increase in scale - more customers.