A Quote by Mitt Romney
Let's take energy, for instance. I understand that in some industries, the input cost of energy is a major factor in whether an industry is going to locate in the United States or go elsewhere. So, when, at Bain Capital, we started a new steel company called Steel Dynamics in Indiana, the cost of energy was a very important factor to the success of that enterprise.
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I understand that in some industries, the input cost of energy is a major factor in whether an industry is going to locate in the United States or go elsewhere.
You take a look at what's happening to steel and the cost of steel and China dumping vast amounts of steel all over the United States, which essentially is killing our steelworkers and our steel companies. We have to guard our energy companies. We have to make it possible.
At a time when nobody thought we'd ever see a new steel mill built in America, we took a chance and built one in a corn field in Indiana. Today Steel Dynamics is one of the largest steel producers in the United States.
U.S. industries from steel-making to plastics synthesis are among the world's most energy-efficient; American agriculture is highly productive, as are America's railroads. But for decades, Americans themselves have been living beyond their means, wasting energy in their houses and cars and amassing energy-intensive throwaway products on credit.
Not wasting energy. It is the least sexy, but the single most important and always the least expensive. You would be very interested in a report by the McKinsey consulting firm that concluded that 40 percent of everything that we have to do to mitigate our emissions are net economic winners. They are cost effective and the most cost effective is not wasting energy. That's actually going to be the largest part of this whole journey, I believe - using less energy with the same beneficial results.
Delayed energy projects and regulatory hurdles to domestic oil production not only cost the United States economy billions of dollars and millions of jobs, but they also stand in the way of an elusive goal: true American energy security.
The most straightforward path would be if we could bring the cost of solar electric and wind down by another factor of say, three, and then have some miraculous storage solution, so that not only over the 24-hour day but over long periods of time where the wind doesn't blow, you have reliable energy. That's a path. But energy storage is hard. That's not a guaranteed path.
When you increase the cost of energy, jobs go elsewhere.
The future is in green energy; it's in making steel for energy-efficient cars.
The US in some ways has been the best. Who figured out shale gas? Although that wasn't a good thing [for CO2 levels], it was very innovative. It's led to low-cost energy. Who figured out nuclear power? Largely the United States. Once you get past the steam engine, which is mostly British, then the US has been at the center of most of the energy things that have happened.
Rely on renewable energy flows that are always there whether we use them or not, such as, sun, wind and vegetation: on energy income, not depletable energy capital.
The U.K. is already disadvantaged on the wholesale cost of energy, and then it puts taxes on it. Anybody who's an energy user is just going to disappear.
The people of the United States don't recognize it, but the oil industry has given the greatest gift to the people of the nation, and that gift is the low cost of energy. Bottom line is this enables the country to be very competitive manufacturing-wise and in the world economy.
If you really could take the CO2, when you burn hydrocarbons - coal, for example - if you could really capture the carbon and sequester it - they call it CCS - if the extra capital cost, energy cost, and storage costs over time didn't make it super expensive, then that's another path that you could go down.
When you regularly take continuous action toward your most important goals, you activate the Momentum Principle of success. This principle says that although it may take tremendous amounts of energy to overcome inertia and get started initially, it then takes far less energy to keep going.
It's very important for any artist, in any field, to take their own temperature and check out their own energy, and see what it is they ought to be doing to keep the energy up. Because if your energy is not up, you're going to come up with some really dreary piece of work that no one's going to enjoy.
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