In the TED video below, Lisa Margonelli of the New America Foundation Energy Policy Initiative gives a fascinating 17-minute talk on the political psychology and the political economy of oil… and how the former distracts us from the latter.
Among other revelations, she tells us that:
1. Oil pumps are purposefully designed to look like ATMs to make us feel better about using them.
2. Having a car that runs predicts employment more than a GED.
3. Oil production reform has amounted, largely, to exporting the risk to other countries, and…
4. We pay for our oil dependence not only at the pump, but with our taxes.