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Regulatory monopolies in power generation and transportation are terribly inefficient. Innovation is barred by regulations.
The biofuels effort is an attempt by current transportation regulators to find a way to sustain the car/road network. If we challenged our fundamental assumptions, we can invent better for some niches.
In the niche I understand (congested, repetitive transport), efficiency can be increased from 4% to 70%. If we do that, we can live within domestic US oil production. We can live within a solar budget.
"Waste not, want not."
Innovation is barred by regulations.
No.
Show how this is the case.