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Just remember the statistics when you start hearing this.  We account for 2 percent of the world’s oil reserves but we use 20 percent of the world’s oil.  We use 20 percent; we only got 2 percent.  We can’t drill our way out of the problem. 

That’s why we’ve got to get moving on this clean energy sector, but we also have to make sure that we’ve got enough supply that’s regular in terms of these other energy -- traditional energy, sources, so that by the time we get to the clean energy sector, we haven’t had to sacrifice economic growth along the way.

All right?  All right.  The gentleman right here, white shirt.

Q    James Hill from Greenwood, South Carolina.  I work in the (inaudible) lab and I agree it’s an honor for you to be here today.  Thank you.  My question is, how long do you think -- the kind of springboard from which you were just saying, how long do you think it would take for us to have more hybrid vehicles on the road than gas vehicles, and what would it take?

THE PRESIDENT:  Well, we have already seen a huge spike in the purchase of hybrid vehicles.  I mean, if you think about it, just two years ago if you found out somebody had a hybrid vehicle, that was a pretty big deal and you wanted to go over and test it out and see how it worked.  Now, it’s pretty common.  I mean, everybody here knows somebody who’s got a hybrid, and you’ve probably tried it out and it’s kind of cool when you’re backing up and it’s all quiet. 

So I think that that’s the future.  And consumers are naturally going to start gravitating in that direction.  Because here’s the fact -- we were just talking about oil -- not only do we produce only 2 percent and use 20 percent, but countries around the world, everybody is starting to use more oil.  Think about it.  China, if they get even half of the number of cars per capita, per population, that we have right now -- there are a lot of folks in China.  And there are a lot of folks in India.  And their standards of living are all starting to rise and they’re all starting to be interested in buying cars.  And the fact of the matter is, is that if they even approach the amount of car ownership that we have, oil will run out very quickly and on the way, prices will just spike up naturally, no matter what we do. 

So it is a huge need for us to increase our fuel efficiency on cars now.  And that’s why one of the things that I did last year -- it’s actually taking effect this week -- is to raise a national fuel efficiency standard, first time we’ve done it in a very long time.  But, frankly, even with us raising those standards, I think consumers just in terms of their pocketbook interests are going to be even more interested in buying hybrids and electric cars.

Two things that we can do that would make a big difference right now:  Number one, we’ve got to make sure that those cars are made here in the United States of America.  And so part of the reason why it’s so important for us to develop the battery technology here is if we’re developing battery technology that helps us leverage more auto production here in the United States.  And that has, just in the same way that when Bob was talking about what’s happening here at Celgard, the grant we gave creates 300 jobs in the company, but potentially a thousand jobs in suppliers, the same is true with the auto industry.  Some of you might have said, why are we helping out GM?  Well, let me tell you, GM might have employed -- along with its dealers and everybody -- a hundred thousand, several hundred thousand.  But when you looked at all the suppliers involved and the economies, you could have seen another couple million jobs lost.  That would have had huge implications for the economy.  Now, GM is actually making a profit and starting to buy -- or starting to hire people back. 

But one thing we need to do is make sure that those cars are made here in the United States.  The second thing we need to do is to create the electricity grid, what we’re calling the smart grid, which is -- think about it, part of the reason that we can drive our cars is because there’s a gas station every so often.  There are roads.  There are gas stations.  We know how to fuel up our automobiles.  Now, if we want to have everybody getting maximum use out of an electric car or a hybrid car, part of what we have to do is to create a similar distribution mechanism for electricity.  And one of the exciting things about these hybrids is we want to get to the point where you’ve got what’s called a plug-in hybrid, where you essentially have a gas station at your house -- called your electric socket.  And you’re going to be able to plug in your car at night.  Some of the energy that was stored in the car can actually go back into the house, and then when you’re ready to go, you can get that energy and use it to drive.

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