Now you can call yourself an adviser to Newt Gingrich ;)

Create a $1-billion prize for the first affordable car to get 500 miles per gallon of gasoline and be manufacturable at a price of $30,000 or less per car with reliability and performance comparable to a gasoline powered car.

Hey! He stole my idea!!

Create a series of incentives and prizes to develop a hydrogen economy and return the Middle Eastern oil supply to being a petrochemical feedstock. A hydrogen economy would be better for America and our allies. A hydrogen economy would be better for the environment (no carbon loading of the atmosphere). A hydrogen economy would be better for the American economy because it would keep at home all the cash we are currently sending to Venezuela and the Middle East.

While working to develop a hydrogen economy, there should also be an interim strategy to include incentives for conservation and for renewable fuels, including wind, solar and biofuels. It is better to send the money to American farmers than to send it to foreign dictators.

Create a $1-billion prize for the first affordable car to get 500 miles per gallon of gasoline and be manufacturable at a price of $30,000 or less per car with reliability and performance comparable to a gasoline powered car. This car would probably combine an e-85 ethanol fuel with a hybrid motor using electricity (and allowing a plug-in to absorb the 40% of electricity production currently unused at night) with a composite construction modeled off the Boeing Dreamliners very light and very strong (much stronger than steel) composite.

A second $2-billion prize should be offered for a car getting 1,000 miles to the gallon of gasoline.

The only one I would disagree outright with is the increased subsidies for ethanol and other “renewable fuels”, but it’s better than what Bush proposed.

It is in our vital interest to diversify America’s energy supply – and the way forward is through technology. We must continue changing the way America generates electric power – by even greater use of clean coal technology … solar and wind energy … and clean, safe nuclear power.

One mention of nuclear power. I see it’s a priority for him…

The U.S. should reduce gasoline consumption by 20 percent over 10 years, Bush said. His plan includes tightening fuel economy standards on automakers and producing 35 billion gallons of renewable fuel such as ethanol by 2017.

A Soviet commissar could have taken that paragraph out of one of Stalin’s Five Year Plans. What are the consequences for not reducing gasoline consumption or producing enough ethanol?