The public is not paying attention. That's correct. And this has resulted in an enormous increase in the waste of fuel and also an increase in imports, which seriously unbalances our trade relationships with foreign countries. I just spent some time right before lunch going over the reasons for it. There may be some indication that stockpiling is taking place in anticipation of the wellhead tax being imposed and because of the uncertainty of future price increases by the OPEC nations. But that's a relatively minor factor, although it is a factor. I hope that the Congress will act expeditiously and not weaken the energy legislation, one of its primary purposes being to impose strict conservation measures. But I would say that at this point, the public has not responded well; that the absence of visibility to the impending oil shortage removes the incentive for the public to be concerned. And I'm afraid that a series of crises are going to be a prerequisite to a sincere desire on the part of the American people to quit wasting so much fuel. We've seen this now on two or three occasions already, as a precursor. One, obvious]y, was the natural gas shortage this past winter; another one was the embargo in 1973, the rapid escalation in prices, and now the very severe trade imbalance. I think these are just predictions of what is to come. I'm concerned that the public has not responded well. And I think voluntary compliance is probably not adequate at all. We will take what the Congress does this year and continue to build on it in subsequent years. I'm determined to have a complete and comprehensive energy package on the books before I go out of office. And what we don't get this year, we'll get in subsequent years.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "The public is not paying attention. That's correct. And this has resulted in an enormous increase in the waste of fuel and also an increase in imports, which seriously unbalances our trade relationships with foreign countries. I just spent some time right before lunch going over the reasons for it. There may be some indication that stockpiling is taking place in anticipation of the wellhead tax being imposed and because of the uncertainty of future price increases by the OPEC nations. But that's a relatively minor factor, although it is a factor. I hope that the Congress will act expeditiously and not weaken the energy legislation, one of its primary purposes being to impose strict conservation measures. But I would say that at this point, the public has not responded well; that the absence of visibility to the impending oil shortage removes the incentive for the public to be concerned. And I'm afraid that a series of crises are going to be a prerequisite to a sincere desire on the part of the American people to quit wasting so much fuel. We've seen this now on two or three occasions already, as a precursor. One, obvious]y, was the natural gas shortage this past winter; another one was the embargo in 1973, the rapid escalation in prices, and now the very severe trade imbalance. I think these are just predictions of what is to come. I'm concerned that the public has not responded well. And I think voluntary compliance is probably not adequate at all. We will take what the Congress does this year and continue to build on it in subsequent years. I'm determined to have a complete and comprehensive energy package on the books before I go out of office. And what we don't get this year, we'll get in subsequent years." in the context of "" to mean that wisdom is timeless.